Colonel's International Continues Growth in Red Hot Market!
28 July 1999
Colonel's International Continues Growth in Red Hot Market!
TECUMSEH, Mich.--July 27, 1999--Colonel's Truck Accessories, Inc. is a dynamic company involved in all aspects of the light truck accessories business. Our long track record of efficient low cost manufacturing coupled with our ever growing distribution network and outlets is making Colonel's International a major force within the vehicle accessory market.Currently utilizing four manufacturing facilities in Owosso, Michigan; Tecumseh, Michigan; Pittsburgh, Pennsylvania, and Riverside, California, the Colonel's uses seven hundred fifty thousand square feet of manufacturing space. Products currently produced are bed liners, bed mats, fiberglass products, aerocovers, body side molding and suspension components.
The Company's products are distributed through automotive distributors throughout the U.S., and are available through thousands of retail locations. In addition to these distributors, the Company's products are showcased at more than twenty outlets it owns and operates independently.
The Company has also just completed the acquisition of Traders, a catalog and internet outlet based in Whittier, California, and will shortly be distributing its products through the flourishing Traders network. The Company's sales in 1998 were approximately $30 million; with the Traders acquisition, the expanded plant facility, and the increased distribution network, this figure is expected to rise considerably in 1999. The Colonel's intends to continue this policy of growth through acquisitions.
In addition to historical facts or statements of current conditions, this press release may contain forward-looking statements. The Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to general financial, economic, regulatory and political conditions or additional factors unknown to the Company at this time. Therefore, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements. Furthermore, the Company has no intent and disclaims any obligation to update any such factors or forward-looking statements to reflect the future.