Casco International Acquires Awards & Gifts, Inc.

SHELBY, NC--(BUSINESS WIRE)--August 3, 1998--Casco International, Inc. (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 : CASC CASC Community Amateur Sports Club
CASC Carl Albert State College
CASC California Association of Student Councils
CASC Central Administrative Support Center
CASC Canadian Automobile Sports Club
CASC California Air and Space Center ), announced today that it has acquired Awards & Gifts, Inc., a privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Waukesha, WI. Terms of the acquisition were not disclosed.

Awards & Gifts is a successful provider of service and recognition awards in the Midwest and will give CASCO increased market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women" in this region.

Charles Davis Charles Davis may refer to:

Charles Harold Davis (1856/7–1933), U.S. landscape painter.
Charles Henry Davis (1807–1877), U.S. naval officer
Charles Russell Davis (1849–1930), U.S. Representative from Minnesota
Charles Davis, Jr.

, president and chief executive officer, commented, "Our business plan calls for us to become one of the dominant players in the billion-dollar service recognition industry. This acquisition is a first step in our program to acquire companies that will give us greater capabilities to serve the needs of our customers, while enhancing our prospects for sustainable, profitable growth into the 21st century. We welcome all the company's associates and customers to the CASCO family."

Casco International, Inc. operates under the brand name of CA Short Company. It creates, markets and administers employee recognition programs that reward workers with jewelry and other merchandise for their accomplishments in such areas as safety and years of service.

This press release contains statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that CASCO files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the 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. .


   CONTACT: Casco International, Shelby
             Charles R. Davis
             800/535-5690

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Publication:	Business Wire
Article Type:	Article
Geographic Code:	1USA
Date:	Aug 3, 1998
Words:	245
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