DAKOTAH, INC. ANNOUNCES EXPANSION TO PLATTE.WEBSTER, S.D.--Aug. 23, 1995--(BUSINESS WIRE)--DAKOTAH, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ/NMS: DKTH) announced today that on August 15, 1995, the Board of Directors approved the expansion of DAKOTAH, INC. to Platte, SD. This plant will be the primary plant for the manufacturer of Polarfleece(R) products manufactured by DAKOTAH INC. The Company currently operates two manufacturing plants in Webster, a plant in Veblen, Sisseton and Milbank. This is the second facility acquired by DAKOTAH, INC. since 1993. Due to a substantial backlog in all major categories, the Company must increase its manufacturing capacity. The relocation of Polarfleece(R) to this new facility would allow for the most efficient production of our pillow, table linen and other product lines. Without the additional capacity, DAKOTAH, INC. would have difficulty meeting their current orders. "We are very fortunate that the community of Platte has an available building and a trained work-force to put our products into operation immediately. We expect to begin shipping finished products from the Platte facility before the end of September," stated Troy Jones, Jr, Chief Executive Officer of DAKOTAH, INC. "While the availability of a trained sewing workforce will reduce the start-up and training costs associated with starting a new plant, during the third quarter there will be increased costs which will adversely effect earnings. However, the success of this product in the marketplace and our new product lines necessitate ne·ces·si·tate tr.v. ne·ces·si·tat·ed, ne·ces·si·tat·ing, ne·ces·si·tates 1. To make necessary or unavoidable. 2. To require or compel. we make this long-term investment. The convergence of the strong market acceptance of our product line, especially Polarfleece(R) and the availability of the Platte facility was most opportune op·por·tune adj. 1. Suited or right for a particular purpose: an opportune place to make camp. 2. Occurring at a fitting or advantageous time: an opportune arrival. ," concludes Troy Jones Jr. The Platte facility was occupied by a contract sewing company until mid-July, 1995. The initial hiring process indicate that a large percentage of these former FCI (Flux Changes per Inch) The measurement of polarity reversals on a magnetic surface. In MFM, each flux change is equal to one bit. In RLL, a flux change generates more than one bit. employees will be available to DAKOTAH, INC. DAKOTAH, INCORPORATED designs and manufactures decorative pillows, bedroom ensembles, decorative throws, table linens and other accessory products. There are various showrooms nationwide including 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 , Dallas, Atlanta, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . CONTACT: GEORGE WHYTE (605) 345 4646 TROY JONES, JR (605) 345-4646 LEONARDO ZANGANI (908) 788-9660 |
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