LESCO Announces Union Agreement At Martins Ferry Manufacturing Plant.Business Editors CLEVELAND--(BUSINESS WIRE)--Nov. 14, 2002 LESCO LESCO Lahore Electric Supply Company (Pakistan) LESCO Logistics & Environmental Support Services Corporation (Huntsville, Alabama) , Inc. (Nasdaq:LSCO LSCO Lamar State College Orange (Texas) LSCO Lanthanum Strontium Cobalt Oxide ) the leading provider of products to the professional turf care market, today announced that union members at LESCO's Martins Ferry, Ohio Martins Ferry is a city in Belmont County, Ohio, United States. It is located on the Ohio River, is the largest city in Belmont County, and is part of the Wheeling, West Virginia Metropolitan Statistical Area of the U.S. Census Bureau. The population was 7,226 at the 2000 census. manufacturing facility have ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. a new union contract. The 137 Martins Ferry Martins Ferry, city (1990 pop. 7,990), Belmont co., E Ohio, on the Ohio River opposite Wheeling, W.Va.; settled 1780, inc. as a city 1885. It was formerly an industrial coal-mining and steel-manufacturing city. union employees approved the new three-year contract that is effective immediately and continues through September 2005. The labor contract resolution came this week after agreements were reached on wages and healthcare issues. The union employees will return to work at the Martins Ferry facility on November 17, 2002. "We are pleased that an agreement has been reached with our union employees at Martins Ferry," stated Michael P. DiMino, President and Chief Executive Officer. "The new agreement strikes a fair balance between the interests of our shareholders and our union employees." About LESCO, Inc. LESCO is a specialty provider of products for the professional turf care market. Serving more than 130,000 customers worldwide, LESCO distributes through 227 LESCO Service Centers(R), 77 LESCO Stores-on-Wheels(R), 62 lawn care sales representatives, 40 golf sales representatives and other direct sales efforts. Sales in 2001 totaled $504.3 million. Additional information about LESCO can be found on the Internet at www.lesco.com. Certain of the above information is forward-looking and, as such, reflects only the Company's best assessment at this time. Investors are cautioned that 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. involve risks and uncertainty, that actual results may differ materially from such statements and that investors should not place undue reliance on such statements. Factors that may affect actual results include, but are not limited to, potential regulations; the Company's ability to effectively manufacture, market and distribute new products; the success of the Company's operating plans; regional weather conditions; and the condition of the industry and the economy. For a further discussion of risk factors, investors should refer to the Company's Securities and Exchange Commission reports, including but not limited to Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2002. |
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