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| May 11, 2004 | Press Release |
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| Conotech International Joins Prime Advantage in Tradition of Leveraging Cost Efficiencies |
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| Portfolio Company: Prime Advantage |
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CHICAGO , IL . — May 11, 2004 — Prime Advantage Corporation announced that Conotech International has joined Prime Advantage, a buying consortium of original equipment manufacturers, as a buyer/Member. Conotech International designs, engineers and manufactures food service equipment. Headquartered in Mountain Top, Pennsylvania , Conotech International will take advantage of Prime Advantage's pre-negotiated volume-driven discounts with suppliers, and streamline its procurement process.
"Conotech International's goal is to take advantage of as many cost-saving resources as possible throughout the manufacturing process, and Prime Advantage provides an added opportunity for our company to save money while producing quality products," said Mark Suchecki, President of Conotech International. Anticipated benefits for Conotech also include greater levels of volume-based discounts and increased rebates with Prime Advantage's Endorsed Suppliers.
“We welcome Conotech International to our growing business marketplace of over 190 buyers and sellers of industrial products and services. Conotech's participation in the Prime Advantage buying consortium further enhances our purchasing power for our food service equipment Members, while generating valuable revenue growth and market share for our Endorsed Suppliers,” said Louise O'Sullivan, president of Prime Advantage.
About Conotech International
Conotech International designs and engineers innovative, high quality products and has them manufactured in efficient, cost effective facilities. Products are sold through an exclusive - independent group of Distributor Associates in the United States and Canadian Markets. Their first projects are with two of Mexico 's most experienced manufacturers of Food Service Equipment for over 50 years: San-Son Cooking and Nieto Refrigeration. Both have been Mexico 's innovative leaders with a long history of continuous improvement in their people and products.
About Prime Advantage Corporation
Prime Advantage leverages the purchasing power of its buyers to negotiate volume discounts and higher rebates with its suppliers, driving down the cost of procurement for key industrial raw materials, components, and business services essential to the manufacturing process. For its suppliers — Prime Advantage delivers the equivalent of a national customer, resulting in increased revenue and market share gains, allowing for more efficient production and inventory management. Prime Advantage can be found on the web at www.primeadvantage.com.
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