Spear & Jackson Signs Trading Agreement With National Merchant Buying Society - NMBS -.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 21, 2003 Spear & Jackson (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SJCK), announced today that it has signed a trading agreement with the National Merchant Buying Society (NMBS NMBS National Merchant Buying Society (UK) NMBS NATO Mailbox System NMBS Nationale Maatschappij Belgische Spoorwegen NMBS Nieuw Materiaal Bestellen Snel ). NMBS is a centralized buying society with over 600 members and 1400 branches with over 600 million dollars of buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. in the UK. Since 1963, NMBS has been dedicated to strengthening the independent merchant by bringing them together to gain negotiating and purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. by continuously negotiating terms, rebates and special offers on their behalf. Members are able to order direct from any NMBS approved supplier eliminating the need for a direct account. Being an industrial provident society provident society Noun same as friendly society , only NMBS running costs running costs npl [of business] → gastos mpl corrientes [of car] → gastos mpl de mantenimiento running costs npl [of business are retained, all other monies are returned to the membership via enhanced terms. Spear & Jackson, based in Sheffield, England is one of the largest and oldest tool manufacturers in the UK. Spear & Jackson's roots go back to the 1740's as one of the premium tool manufacturers. Spear & Jackson manufacturers and distributes tools, garden tools, metrology equipment, woodworking tools and magnetic equipment. They sell their products Under Spear & Jackson, Neill Tools, Bowers, Robert Sorby, Moore and Wright, Eclipse (Blades), WHS See Windows Home Server. , Tyzack, and Eclipse Magnetics Brands. Spear & Jackson has divisions throughout England, France and Australia. Spear & Jackson distributes its products throughout the world. Disclosure concerning Forward-Looking Statements: Any forward-looking statements made in this release represent management's best judgment as to what may occur in the future. Various economic and competitive factors could cause actual results to differ materially from those discussed in such forward-looking statements, including some factors which will be outside of the control of the company, such as successful completion and consolidation of the acquisitions, such as consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. patterns, availability of consumer and commercial credit, interest rates, currency exchange rates, inflation rates, adverse weather, energy costs, freight costs, the level of residential and commercial constructions and the costs of raw materials, along with other specific factors with respect to the company's businesses set forth in the company's responses and other documents filed with the Securities and Exchange Commission. Interest parties should review the "forward-looking statement" sections in the Spear & Jackson reports file with Securities & Exchange Commission, including the annual report on form 10K for the fiscal year ended September 30, 2002. --30--BL/
CONTACT: Spear & Jackson, Boca Raton
Dennis Crowley, 561/999-9011
KEYWORD: FLORIDA UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: RETAIL CONSUMER/HOUSEHOLD MANUFACTURING
MARKETING AGREEMENTS
SOURCE: Spear & Jackson
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