3M Selects Quaker to Spearhead Scotchgard(TM) Relaunch.FALL RIVER, Mass. -- QUAKER FABRIC CORPORATION (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol: QFAB) and 3M Company (NYSE NYSE See: New York Stock Exchange Symbol: MMM MMM Myeloid metaplasia with myelofibrosis, see there ) today announced that they have joined forces to relaunch 3M's Scotchgard(TM) fabric protector in the residential upholstery and contract and outdoor fabric markets. Mitch Culbreath, Business Development Manager with 3M's Protective Materials & Consumer Health Care Division, noted that, "3M's reformulated Scotchgard Protector provides all of the performance benefits consumers expect from the brand - stain resistance, stain repellency and stain release - with products that are not based on PFOA PFOA Perfluorooctanoic Acid (suspected carcinogen used in making Teflon) PFOA Problem Formulation and Options Assessment PFOA Peninsula Friends of Animals (Sequim, WA) or PFOS PFOS Perfluorooctane Sulfonate PFOS Perfluorooctyl Sulfonate PFOS Principle Field of Study PFOS Production, Fielding, and Operational Support Life Cycle Phase PFOS Professional Field of Study chemistry. This makes Scotchgard Protector the natural choice for consumers desiring to use products with minimal to no environmental impact. That Quaker Fabric shares our value for the brand and for the environment makes them the perfect partner as we relaunch the Scotchgard brand into the furniture marketplace." "We are pleased that Quaker's commitment to the sale of environmentally-responsible products caught 3M's attention. And we are proud that this made us 3M's first choice when it came to moving the Scotchgard brand back into the living rooms of America's homeowners," commented Larry A. Liebenow, Quaker's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . 3M(TM) and Scotchgard(TM) are licensed trademarks of 3M. THIS PRESS RELEASE CONTAINS "FORWARD LOOKING STATEMENTS," AS THAT TERM IS DEFINED IN THE FEDERAL SECURITIES LAWS. THE READER IS CAUTIONED THAT SUCH STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND THAT, AS A RESULT OF VARIOUS FACTORS, INCLUDING, BUT NOT LIMITED TO, THE LEVEL OF CUSTOMER DEMAND FOR THE COMPANY'S PRODUCTS, HIGHER THAN ANTICIPATED COSTS, ANY INTERRUPTION IN THE SUPPLY OF RAW MATERIALS USED BY THE COMPANY AND LOWER THAN ANTICIPATED PRODUCTION RATES, ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE PROJECTED. FOR A FURTHER DISCUSSION OF THESE FACTORS, SEE THE COMPANY'S 2005 FORM 10-K. |
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