ADVO Makes First International Acquisition.Business Editors WINDSOR, Conn.--(BUSINESS WIRE)--June 5, 2002 ADVO, Inc. (NYSE NYSE See: New York Stock Exchange :AD) announced today it has acquired Toronto-based FACC FACC Fellow, American College of Cardiology Corp., which includes both First Avenue and Breezeway breeze·way n. A roofed, open-sided passageway connecting two structures, such as a house and a garage. Communications Inc. Terms of the deal were not disclosed, but the transaction represents the first international acquisition in ADVO's 73-year history. A Canadian industry leader, FACC Corp. is an innovator in both the targeting and distribution of in-home print advertising. Similar to ADVO, FACC Corp. utilizes a proprietary software tool that leverages both geographic and demographic information to help identify desirable audiences and target advertising messages to consumers. FACC Corp. supports the Canadian efforts of some of the most respected brands in the world, including most major international foodservice/restaurant groups and some of the largest international package goods manufacturers. Its client base includes over 100 companies. Operating out of a 52,000 square-foot facility in Toronto, FACC Corp. distributes over 250 million pieces of advertising mail per year to targeted segments of Canada's 11 million households. The current senior management will remain in place at FACC Corp. Gary Mulloy, Chairman 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. of ADVO, said, "This expansion of our business internationally supports our continuing focus on adding to our potential revenue streams through additional mailing dates Mailing Date A specific date set for the mailing of certain material to security holders such as interim reports, proxy material and dividend checks. , newspaper partnerships and expansion of our distribution network. These efforts position us well for the inevitable economic recovery." ADVO is the largest full-service targeted direct mail marketing services company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with annual revenues of over $1.1 billion. The Company's shared mail advertising programs are distributed weekly and cover up to 100 million U.S. households. This includes its core ShopWise(TM) branded programs distributed on a weekly and monthly basis as well as the reach of its ADVO National Network Extension (A.N.N.E.) programs. Additionally, the Company's consumer Web site, ShopWise.com, provides targeted Internet access See how to access the Internet. to consumers. ADVO's subsidiary, MailCoups, Inc., produces SuperCoups(R), an advertising solution for local neighborhood businesses. ADVO launched the America's Looking For Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. Its Missing Children(R) program in partnership with the National Center for Missing & Exploited Children and the United States Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval in 1985, and ADVO's missing child cards are responsible for safely recovering 116 children. ADVO has 22 mail processing facilities and 60 sales offices nationwide. ADVO's corporate headquarters are located at One Univac Lane, Windsor, Connecticut Windsor was the first English settlement in the State of Connecticut, the 5th Colony to receive Statehood in the United States of America. Windsor is a suburban community in Hartford County, adjacent to the north to Connecticut's Capital, Hartford, with a relatively diverse 06095. The Company can be visited at its Web site at www.advo.com. This report contains certain forward looking statements regarding the Company's results of operations and financial position within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are based on current information and expectations and are subject to risks and uncertainties in ADVO's operations and business environment. Such risks and uncertainties include, but are not limited to: changes in customer demand and pricing; the possibility of consolidation throughout the retail sector; the impact of economic and political conditions on retail advertising spending and our distribution system; postal and paper prices; possible governmental regulation or legislation affecting aspects of the Company's business; the efficiencies achieved with technology upgrades; and other general economic factors. |
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