Printer Friendly

CODE-ALARM'S PRIVATE LABEL SALES INCREASE

 CODE-ALARM'S PRIVATE LABEL SALES INCREASE
 MADISON HEIGHTS, Mich., May 12 /PRNewswire/ -- Code-Alarm, Inc.


(NASDAQ-NMS: CODL) announced today its Original Equipment (O.E.) division increased private label auto security sales to General Motors Corporation Service Parts Operations, Ford Motor Company Parts and Service Division and Chrysler Corporation by 44 percent during the first four months of 1992 as compared to the same period in 1991. Private label sales to General Motors, Ford and Chrysler accounted for 32.5 percent of Code-Alarm's security sales in 1991.
 During March and April of 1992, Code-Alarm's O.E. group processed orders from over 430 new General Motors, Ford and Chrysler dealers who have been inactive during the past two years.
 "An improving economy and increased car production certainly helped boost our private label sales, but doesn't discount the hustle by our O.E. sales force," Rand Mueller, president, chairman and CEO of
Code-Alarm, Inc., said. "We see new, increased interest in auto security devices now that thoughts of recession are fading and security for new and late model cars is almost a must," he added.
 Code-Alarm supplies its remote vehicle security products and keyless entry systems now to over 9,000 General Motors, Ford and Chrysler dealers nationwide
for sale under private labels. Code-Alarm's products are designed, engineered and manufactured in the United States.
 -0- 5/12/92
 /CONTACT: Sheryl Gruener of Code-Alarm, Inc., 313-583-9595/
 (CODL) CO: Code-Alarm, Inc. ST: Michigan IN: AUT SU:


KK -- DE027 -- 9202 05/12/92 14:12 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1992
Words:248
Previous Article:NEURAL NETWORKS, FUZZY LOGIC EXPLODING, TO NEAR $10 BILLION BY 1998
Next Article:WAVEMAT INC. REPORTS RESULTS FOR ITS FOURTH QUARTER AND YEAR ENDED DEC. 31, 1991
Topics:


Related Articles
CODE-ALARM ANNOUNCES EUROPEAN VENTURE
CODE-ALARM ANNOUNCES 1991 FINANCIAL RESULTS
CODE-ALARM ESTABLISHES FOUNDATION FOR THE FUTURE
CODE-ALARM SIGNS AGREEMENT WITH MITSUBISHI
CODE-ALARM ANNOUNCES SECOND-QUARTER RESULTS
CODE-ALARM SIGNS AGREEMENT WITH METRO CELL
CODE-ALARM SAYS SALES HIT AN ALL-TIME HIGH IN 1994, CITES DEMAND FOR CONVENIENCE AND SAFETY FEATURES
Code-Alarm Adjusts Management Structure to Focus on New Technology.
Code-Alarm Establishes Coast-to-Coast Aftermarket Sales Force.
Code-Alarm and Auto Club of America Team to Provide Telematics-based Navigation, Concierge and Emergency Services.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters