CONSOLIDATION OF PENN TRAFFIC'S DATA CENTER ANNOUNCED
CONSOLIDATION OF PENN TRAFFIC'S DATA CENTER ANNOUNCED JOHNSTOWN, Pa., Nov. 4 /PRNewswire/ -- The Penn Traffic Company
(AMEX: PNF) ("Penn Traffic") announced today that it has entered into a contract with Hitachi Data Systems ("HDS") to consolidate its three existing divisional data centers in Columbus, Ohio; DuBois, Pa.; and Syracuse, N.Y., into one corporate data center to be located in Syracuse at the P&C Foods Distribution Center.
Claude J. Incaudo, president and chief executive officer of Penn Traffic, stated, "This unified approch to data processing will lower our existing operating costs, accelerate the development of business and store systems and provide the technology that will carry our company well into the '90s. We expect that this consolidation will be fully implemented by April 1992. Sharing of our best operating systems practices will provide our company with new opportunities to reduce or control many of our operating costs." Gary D. Hirsch, chairman of the board of Penn Traffic, added, "Penn Traffic's management is embracing information technology as a strategic asset to enhance shareholder value. The consolidation and the resultant new data processing organization will enable the operating units of Penn Traffic to eliminate redundancy in the development of new systems that will better serve the customer, while providing consistent and dependable 24 hours a day, seven days a week service to our administrative and operating departments throughout Ohio, Pennsylvania and New York." Penn Traffic is one of the leading food retailers in the eastern United States, operating 188 supermarkets in upstate New York, western Pennsylvania, central Ohio and northern West Virginia, under the names of P&C Foods, Quality Markets, Riverside Markets, Bi-Lo Foods, Big Bear and Big Bear Plus. Additionally, the company operates wholesale food distribution businesses serving 125 licensed franchises and 121 independent operators and a discount general merchandise business with 23 stores. Grand Union, in which Penn Traffic holds a 24 percent equity interest, operates 307 supermarkets and food stores under the Grand Union and Big Star trade names in the eastern United States. Penn Traffic trades on the American Stock Exchange under the symbol PNF. -0- 11/4/91 /CONTACT: Gary D. Hirsch, chairman of the board, 212-370-0040, or Claude J. Incaudo, president and chief executive officer, 315-457-9460, both of Penn Traffic/ (PNF) CO: The Penn Traffic Company ST: Pennsylvania IN: REA SU: DM -- PG006 -- 0664 11/04/91 10:53 EST
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|Date:||Nov 4, 1991|
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