D&K Healthcare Resources and Pamida Sign New Primary Pharmaceutical Supply Agreement.Business/Health & Medical Editors ST. LOUIS--(BUSINESS WIRE)--April 2, 2001 D&K Healthcare Resources, 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 :DKWD DKWD Disk Write Data ) announced today that it has signed a new prime vendor agreement with Pamida Inc., a subsidiary of ShopKo Stores, Inc. (NYSE NYSE See: New York Stock Exchange :SKO SKO Some Kind Of SKO Superior Kerosene Oil SKO Something Kinda Ooh (Girls Aloud song) SKO Survival Kits Online (online store) SKO Sets, Kits & Outfits SKO Sales Kick Off SKO Soft Kill Option ), pursuant to which D&K will continue to serve as primary supplier of pharmaceuticals to Pamida's pharmacy locations. D&K has been the primary supplier of pharmaceuticals to Pamida for the past seven years. The new agreement, effective January 1, 2001, continues the relationship through at least August 31, 2004. Pamida is a subsidiary of ShopKo Stores, Inc., a Fortune 500 company headquartered in Green Bay, Wisconsin Green Bay is the county seat of Brown County in the U.S. state of Wisconsin. The city is located at the head of its namesake Green Bay, a sub-basin of Lake Michigan, at the mouth of the Fox River. , operating 370 retail stores in 23 states, primarily in the Midwest, Western Mountain and Pacific Northwest regions. Pamida operations, headquartered in Omaha, Nebraska, include 229 discount stores located in rural communities. There are 141 specialty discount stores operating under the ShopKo name in mid-sized and larger cities. For more information about Pamida or ShopKo visit one of the following websites: www.pamida.com or www.shopko.com. Pamida's Vice President-Pharmacy, James B. Donatelle, stated, "Pamida is pleased to renew its relationship with D&K. D&K has proven to be a responsive partner and has served our Pamida Pharmacies well in the past. We look forward to the continued development of a mutually beneficial partnership." D&K's President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Martin D. Wilson, commented, "Pamida has been a partner of D&K's for several years, and we are delighted they have chosen to extend our relationship. D&K is dedicated to providing an efficient, consistent and superior service level to assist Pamida in achieving its pharmacy objectives." About D&K Healthcare Resources With fiscal 2000 revenues of $1.5 billion, St. Louis-based D&K Healthcare Resources, Inc., is a full-service regional wholesale drug distributor supplying customers from facilities in Cape Girardeau, MO; Davie, FL; Lexington, KY; Minneapolis, MN; and, through its subsidiary Jewett Drug Co., in Aberdeen, SD. D&K also develops and markets sophisticated pharmacy systems software through two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Tykon, Inc., and Viking Computer Services. In addition, D&K owns a 50% equity interest in Pharmaceutical Buyers, Inc., a leading alternate site group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. . D&K invites you to visit its Web site at http://www.dkwd.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provisions This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are inherently subject to risks and uncertainties. D&K's actual results could differ materially from those currently anticipated due to a number of factors, including without limitation, the competitive nature of the wholesale pharmaceutical distribution industry, with many competitors having substantially greater resources than D&K, and D&K's customers generally having the right to terminate or reduce their purchases on relatively short notice, the changing business and regulatory environment of the healthcare industry in which D&K operates, change in interest rates and other factors set forth in reports and other documents filed by D&K with the Securities and Exchange Commission from time to time. D&K undertakes no obligation to publicly update or revise any forward-looking statements. |
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