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MOMENTUM DISTRIBUTION NAMES GODDARD PRESIDENT; DECLARES THREE-FOR-ONE STOCK SPLIT

 MOMENTUM DISTRIBUTION NAMES GODDARD PRESIDENT;
 DECLARES THREE-FOR-ONE STOCK SPLIT
 BELLEVUE, Wash., June 2 /PRNewswire/ -- The board of directors of Momentum Distribution Inc. (NASDAQ: MMDI), a national distribution company with sales of $170 million, today declared a stock dividend, payable July 6 to shareholders of record June 22, which will result in the issuance of two additional shares of Momentum stock for every one share presently held. The board also elected John H. Goddard Jr. to the positions of president, chief operating officer and member of the board of directors, effective July 1. The announcement was made at the company's annual shareholder meeting today in Bellevue.
 Goddard, 45, has been senior vice president of Momentum Distribution since 1990. He will remain president of Momentum Graphics, Momentum Distribution's largest subsidiary, a position he has held with Momentum Graphics and its predecessor since 1988. Prior to joining Momentum Graphics' predecessor in 1986, Goddard held executive positions in marketing and sales at 3M Co. A graduate of Rutgers College, he is an active member of the Rochester Institute of Technology Advisory Committee, and both the Graphic Arts Suppliers Association and the National Graphic Arts Dealers Association.
 "John's experience and proven track record over the past four years as president of our Graphics business demonstrates that he is well suited for the additional challenges this promotion brings," said Momentum Chairman and Chief Executive Officer Richard E. Engebrecht. "The financial turnaround John has spearheaded in Momentum Graphics gives us confidence that he will provide the leadership Momentum Distribution requires to sustain the progress we are making toward becoming a world-class company."
 In other business at the annual meeting, John C. Dimmer, Engebrecht and Jerrold B. Harris were re-elected to three-year terms as directors, and the selection of Ernst & Young as auditors was ratified.
 Momentum Distribution Inc., based in Bellevue, distributes supplies and equipment to printers, furniture and bedding manufacturers and related businesses throughout the United States through three subsidiaries: Momentum Graphics Inc., Momentum Textiles Inc. and VWR Textiles and Supplies Inc.
 -0- 6/2/92
 /CONTACT: Richard E. Engebrecht of Momentum Distribution, 206-646-6550; or Valerie Winslow of Hill and Knowlton, 206-682-6944, for Momentum Distribution/
 (MMDI) CO: Momentum Distribution Inc. ST: Washington IN: SU: PER


LM-SC -- SE008 -- 6347 06/02/92 16:01 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
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