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NOGALES, ARIZONA - January 31, 2005 -- Alpha Pro Tech
(AMEX: APT; CHX:APT), a leading developer and manufacturer of
proprietary materials for disposable protective apparel and consumer products,
announced today that its subsidiary Alpha ProTech Engineered Products, Inc. has
signed a 3 year mutually exclusive agreement with Perma “R” Products, Inc., a
Grenada, Mississippi-based company in the construction industry. As part of the
agreement, Perma “R” will be responsible for all marketing of Alpha Pro Tech’s
house wrap products, and Perma “R” has agreed to minimum sales of $5 million
per year.
“This agreement makes our unique products available to contractors and builders
nationwide, backed by the proven expertise and exceptional reputation of Perma
“R” Products,” commented Al Millar, Alpha Pro Tech’s President. “Perma “R” has
a strong base of house wrap customers and we see their decision to partnership
our house wrap as validation of our technology. With Perma “R”’s existing
customer base and national sales network, we see this as a winning scenario
both for Alpha Pro Tech and Perma “R” Products.”
Tim LeClair, Chief Executive Officer of Perma “R” Products, Inc., added, “During
the past 26 years, Perma “R” has developed a reputation of manufacturing
quality products and delivering a one of a kind service. We are considered an
innovator in the building materials market by our customers and peers, and
adding Alpha Pro Tech’s new house wrap is a natural addition to our product
line. We look forward to introducing this unique and compelling advance in
house wrap technology to our existing customer base and building a long-term
and mutually beneficial relationship with Alpha Pro Tech.”
About Perma “R” Products, Inc. Perma "R" Products is a leading manufacturer and
developer of cutting-edge products for the building and packaging industries.
The Company also owns General Panel Corporation, a manufacturer of Structural
Insulated Panel (SIPS) for residential and commercial building markets. Also,
Perma “R” is an owner and a manufacturer of LOGIX ICF, an insulated concrete
forms (ICF) for all of North America used in residential and commercial
markets. The Company’s corporate offices are in Grenada, Mississippi and
manufacturing plants are in Grenada; Johnson City, Tennessee; and Union,
Mississippi.
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The Private Securities Litigation Reform Act of 1995 ("Act") provides a safe
harbor for forward-looking information made on behalf of the Company.
Forward-looking statements involve risks, uncertainties and assumptions as
described from time to time in registration statements, annual reports and
other periodic reports and filings of the Company filed with the Securities and
Exchange Commission. All statements, other than statements of historical facts
which address the Company's expectations of sources of capital or which express
the Company's expectations for the future with respect to financial performance
or operating strategies, can be identified as forward-looking statements. As a
result, there can be no assurance that the Company's future results will not be
materially different from those described herein as "believed," "anticipated,"
"estimated" or "expected," which reflect the current views of the Company with
respect to future events. We caution readers that these forward-looking
statements speak only as the date hereof. The Company hereby expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any such statements to reflect any change in the Company's
expectations or any change in events, conditions or circumstances on which such
statement is based.
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