ATRIX INTERNATIONAL ANNOUNCES COST REDUCTION PROGRAM
ATRIX INTERNATIONAL ANNOUNCES COST REDUCTION PROGRAM MINNEAPOLIS, Dec. 5 /PRNewswire/ -- Atrix International, Inc.
(NASDAQ: ATXI) Chairman W. William Bednarczyk said, "A major cost reduction program has been instigated. The company has reduced its staff, salaries, expenses and benefit costs by 20 percent. Total annualized savings are estimated at $450,000. These measures are necessary because sales have not increased at the rate anticipated."
In other matters, the company is pleased to announce the renewal of its Stockless Support System contract with Unisys Corporation, its largest customer. The company supplies tools and equipment to their technicians worldwide. Atrix International is a worldwide supplier to field service technicians in the computer and electronics industries. The company manufactures and markets printed circuit board transport cases, vacuums for copier and laser printer maintenance and static protection products. The company is a distributor of electronic hand tools as well as a full line of instrumentation and diagnostic products. Atrix also assembles custom tool kits. Atrix International is traded on NASDAQ under the symbol ATXI. -0- 12/05/91 /CONTACT: Tim Hanson of Atrix International, 612-894-6154/ (ATXI) CO: Atrix International ST: Minnesota IN: SU:
KH -- MN006 -- 9815 12/05/91 16:22 EST
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|Date:||Dec 5, 1991|
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