Chemed Completes Cadre Sale; Cadre Employees to Continue Business.Business Editors CINCINNATI--(BUSINESS WIRE)--Sept. 4, 2001 Chemed Corporation (NYSE NYSE See: New York Stock Exchange :CHE) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CHEQP) and Cadre Computer Resources Co. announce the completion of the sale of the assets and business of Cadre to a newly formed corporation owned by its employees. The newly independent business continues under the Cadre Computer Resources name. Terms of the sale were not disclosed. "We are pleased that Cadre will continue under employee ownership," said Chemed President and Chief Executive Officer Kevin J. McNamara. "In nine years, Cadre has established itself as a leading regional provider of Internet and computer security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and systems and has developed a blue-chip client list. Chemed will assist Cadre through year-end in transitioning to an independent business. With this start, Cadre's employee-owners should be able to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this opportunity to nurture NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. and grow their own business well into the future." Also commenting on the new business, Cadre President Steven W. Snider said, "Many people dream of starting their own businesses, and our employees now have an opportunity to live that dream. We are off to a running start with Chemed's support. "Cadre already has operations in Cincinnati, Cleveland, Pittsburgh, Indianapolis, and Louisville," Mr. Snider continued, "and has established strategic alliances with premier vendors, such as Check Point and Nokia. Together with our vendors, we provide our clients with network security solutions customized to meet their unique situations, and we look forward to continuing these customer and vendor relationships, as well as gaining new clients in the coming months." Chemed Corporation (www.chemed.com), headquartered in Cincinnati, is a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange-listed corporation with strategic positions in plumbing plumbing, piping systems inside buildings for water supply and sewage. The Romans had a highly developed plumbing system; water was brought to Rome by aqueducts and distributed to homes in lead pipes—hence the name plumbing from the Latin word plumbum and drain cleaning; residential appliance and air-conditioning repair; and home healthcare services. Cadre Computer Resources Co. (www.cadre.net) is a Cincinnati-based network security solutions provider specializing in the sale, installation, support, training, and assessment of network security systems. Statements in this press release or in other Chemed communications may relate to future events or Chemed's future performance. Such statements are 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. and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations. |
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