Pamida Stores Names Exide Technologies as Supplier of the Year
PRINCETON, N.J., Jan. 24 -- Pamida Stores, headquartered in Omaha, Nebraska, has named Exide Technologies as its Vendor of the Year for 2002. Exide Technologies (OTC Bulletin Board: EXDTQ), (http://www.exide.com ) is a global leader in stored electrical energy solutions. Pamida, a leading U.S. retailer known for "bringing smaller communities what they want," has more than 200 outlets located in county seat towns with populations ranging from 3,000 to 8,000 people. The stores carry hardlines and softlines categories of merchandise as well as seasonal items and pharmaceuticals. According to Pamida, its Vendor of the Year is recognized for outstanding service and quality. Exide is the only automotive direct-ship vendor to Pamida and has supplied automotive batteries to the retailer since February 1994. "During the past few years, Exide Technologies has earned many service and quality awards from different customers. It's tremendous for us to be acknowledged again, this time by Pamida Stores, and we are proud of the achievement," said Craig H. Muhlhauser, Chairman and CEO of Exide Technologies. "But we never take awards for granted. Because we are on a drive to world-class quality, we expect to earn customer approval again and again, every day, every week and every year. We will be successful only when our customers are." About Exide Technologies: Exide Technologies, with operations in 89 countries and fiscal 2002 net sales of approximately $2.4 billion, is one of the world's largest producers and recyclers of lead-acid batteries. The company's three global business groups -- transportation, motive power and network power -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, fuel-cell load leveling, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles. Further information about Exide, its financial results and other information is available at http://www.exide.com . About Pamida: Pamida was founded in 1948 by Jim Witherspoon and Lee Wegener as a service merchandise business. The company grew rapidly as the founders expanded their concept into small towns throughout the Midwest and west central United States. Through the years, the company experienced continued growth and positive change. Pamida's success is founded on several basic principles: merchandise variety, outstanding value, and fast, friendly customer service. Further information is available http://www.pamida.com . Certain statements in this press release may constitute forward-looking statements as defined by the Securities Litigation Reform Act of 1995. As such, they involve known and unknown risks, uncertainties and other factors that may cause the actual results of the company to be materially different from any results expressed or implied by such forward-looking statements. These are enumerated in further detail in the company's Form 10-K. CONTACT: media, Jeannine Addams or Kristin Wohlleben of Tarkenton & Addams, Inc., +1-404-231-1132, or investors, Mauyra James of Gavin Anderson & Company, +1-212-515-1962, all for Exide Technologies