Alpha Pro Tech Ltd. Signs $1.3 Million Agreement with Standard Textile.SALT LAKE CITY--(BUSINESS WIRE)--Jan. 6, 1997--Alpha Pro Tech Ltd., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : APTD APTD Aid to the Permanently and Totally Disabled APTD Army Personnel Transformation Directorate APTD Appointed ) announced today that it had signed an agreement with Standard Textile Company Inc., a private company with headquarters in Cincinnati, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. . The agreement calls for Alpha Pro Tech to provide labor, in the company's Mexican plants, toward the manufacturing of reusable re·use tr.v. re·used, re·us·ing, re·us·es To use again, especially after salvaging or special treatment or processing. re·us apparel items, which comprise Standard Textile's main product line. Specifically, the agreement calls for Alpha Pro Tech to provide Standard Textile with 4,000 hours per week of labor from the company's Mexican manufacturing facilities to sew sew v. sewed, sewn or sewed, sew·ing, sews v.tr. 1. To make, repair, or fasten by stitching, as with a needle and thread or a sewing machine: reusable products. Alpha Pro Tech expects that over a twelve-month period, this agreement will produce revenues in the vicinity of $1.3 million. Al Millar, president of Alpha Pro Tech commented, "We are very pleased with the Standard Textile agreement for several important reasons. First, it will have a positive impact on 1997 revenues and profit, but additionally it will add a new capability to our manufacturing process. "With this agreement, Alpha Pro Tech now has the potential to be a manufacturer of both disposable and reusable items, thereby substantially increasing our potential market." Millar continued, "The Standard Textile agreement should provide another element toward 1997 being an outstanding year of growth for Alpha Pro Tech." Alpha Pro Tech develops, manufactures and markets innovative disposable protective apparel products for the medical, dental, industrial, clean room and food service markets. The company has manufacturing facilities in Salt Lake City; Nogales Nogales (nōgä`lās), city (1990 pop. 19,489), Santa Cruz co., S Ariz. on the Mexican border with its adjacent city, Nogales (1990 pop. 105,873), Sonora, NW Mexico. There are copper, silver, and lead mines. , Ariz.; Janesville, Wis.; Valdosta, Ga. and Benjamin Hill and Nogales, Mexico. -0- This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual future results may differ materially from those projected. Additional concerning factors that could influence future results is contained in Alpha Pro Tech's filings with the Securities and Exchange Commission, copies of which are available from the company. CONTACT: Alpha Pro Tech Al Millar/Donna Millar, 905/479-0654 |
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