MOTIONS AND PROMOTIONS
PDQ Manufacturing Inc. of De Pere, WI has announced that Mike
Savignac has accepted the responsibilities of vice president of
sales and marketing in addition to his current responsibilities.
Savignac has been employed with PDQ since April 2001, serving as
executive vice president of operations. He has a BS degree in Electrical
Engineering and an MBA. His 17-plus years of experience include
management of the full spectrum of manufacturing, sales, marketing,
engineering, customer service, materials, and quality arenas. Savignac
will continue to direct PDQ's manufacturing operations, as well
as lead sales efforts and marketing initiatives for the company.
OAKLEY's CAR WASH EXPANDS
NBA player Charles Oakley has expanded his car wash business.
The newest facility is located at 2101 Gravesend Neck Road Brooklyn,
NY. Oakley's car wash offers a wide range of services, the most
unique of which is the availability of the car wash for charity
NYSCWA FALL MEETING
The New York State Car Wash Association's (NYSCWA) Fall General
Membership Meeting, car wash tour, and boat cruise took place September
12. Nearly 60 people came out for a full day of car wash touring
and recreation aboard the Spirit of Rochester.
The keynote speaker was Bill Sartor, president of the International
Carwash Association. Sartor spoke on the current ICA initiatives
and the importance of participating in state or regional association
activities. Walt Hartl, president of NYSCWA, offered an update on
the association's activities. Matters covered included the group's
sales tax efforts. Although repeal in 2003 was unlikely, Hartl emphasized
the importance of the association continuing to keep its name in
front of key legislators. He also asked for increased
Carwash PAC support so lobbyists Judy Klein and Connie Crane, as
well as association members, could attend some key legislative functions
over the next year.
Mike Benmosche of Brown & Brown Insurance updated the group
on the insurance program and the state of the insurance market right
IOWA CHANGERS UPGRADE
San Diego Magnetics, a supplier of currency authentication
detectors and brand protection solutions, has announced an agreement
with Iowa Changers to offer a completely new digital currency acceptor/validator.
The all-new digital design replaces 50-year-old technology and creates
a far more reliable and secure product than those currently on the
The new Iowa Changers unit utilizes San Diego Magnetics advanced
thin film technology to validate the bill. The new bill validator
is more reliable and robust and offers much more security than other
models. It is less prone to "stringing" of bills. The
system is capable of verifying all denominations of currency.
At the heart of the validator is the SDM low-profile digital sensor.
Superior signal-to-noise ratio and immunity to stray magnetic fields
contributes to greater accuracy of the system. The sensor is speed-independent
and immune to temperature fluctuations, allowing for greater flexibility
in system design.
KÄRCHER SALES UP
Integrated Cleaning Systems International Inc. (ICSI), which
specialises in Kärcher vehicle washes, has recorded unusually
good growth in the first eight months of this year. Kevin J. Collette,
the company president, reported that last year's sales numbers had
already been surpassed at the end of August this year. This means
that Kärcher sales volume had more than quadrupled since 1999.
Kärcher gantry washes travel over the vehicle using a refined
contour-following system to guarantee uniformly good washing results
over the vehicle's entire surface. Patented Kärcher power nozzles
achieve an impact pressure that is up to 40 percent higher than
conventional nozzles. Kärcher car washes are available as pure
high-pressure touchless gantries or as combination gantries with
soft-foam "Carlite" washing brushes.
ICSI is headquartered in West Palm Beach, FL and sells, installs,
and services Kärcher vehicle washes nationwide through a network
of factory trained distributors. The company is a long-standing
and committed partner of Alfred Kärcher GmbH Co., a German
company founded in 1935, with a workforce of 5,500 and an annual
sales volume of more than one billion Euro. Both companies co-operate
closely in developing Kärcher vehicle washes for the American
market and see themselves as emerging-market leaders in innovative
vehicle washing technology. Further expansion of the vehicle wash
business in the United States is planned for the coming years.
MACE BUYS BACK SHARES
Nasdaq advised Mace Security International Inc. ("Mace"),
on October 2, 2002 that its stock price was below $1.00 for 30 consecutive
days. If the bid price of the Mace's stock is not $1.00 or more
for 10 consecutive days (or longer, at the discretion of Nasdaq)
on or before December 31, 2002, Nasdaq has advised the Mace that
it may be delisted. The company may appeal any decision to delist
its stock or it may apply to transfer its securities to the Nasdaq
On October 15, 2002, Mace announced that it had purchased a block
of 429,000 shares of the company's common stock in the open market
at a price of $0.51 per share. These shares represent 1.7% of the
company's total shares outstanding. Mace plans to immediately retire
these shares, which will eliminate them from the open market float
and increase the company's book value per share from $2.56 per share
to $2.59 per share (based on data as of June 30, 2002).
While Louis D. Paolino, Jr., chairman and CEO of Mace, declared
that at the current level of the stock price, management considered
Mace to be significantly undervalued, the block purchase seemed
to do little to bolster investor confidence. "Our decision
to purchase these shares results from the belief that the market
has undervalued our business. Further purchases will be considered
in the future," Paolino added.
Automechanika 2002 took place from September 17 through 22 in
Frankfurt, Germany. Organizers were able to report a 10 percent
increase in exhibitor numbers and, at 159,531, a record number of
trade visitors from over 130 countries.
A majority of exhibitors (64 percent) said they were very pleased
with the high level of trade-visitor decision-making authority.
Around two-thirds of visitors hold an executive position in their
company. Forty percent of trade visitors came from outside Germany.
After Germany, the top ten visitor countries were France, Great
Britain, Italy, the USA, Poland, The Netherlands, Belgium, Israel,
Spain and Greece.
A total of 4,291 exhibitors from 70 countries took up 300,000 square
meters of indoor exhibition space at Automechanika 2002. In an effort
to make it easy for US car care companies to test the waters in
Europe via Automechanika, the International Carwash Association
put together a "North American Carwash Pavilion," and
was successful in attracting nine exhibitors including Auto Laundry
CITGO OFFERS E-COMMERCE TOOL
Whether a lubricant marketer is already selling via the Internet
or looking to start, CITGO has a solution to capture a share of
the increasingly important e-Channel. The CITGOConnect program lets
marketers partner with CITGO to create a proprietary branded web
site to sell lubricant products to their customers online.
Once established, CITGOConnect can serve as a marketer's sole web
presence or as a component of an existing web site. Program features
Hands-on guidance and assistance in the set-up process
from CITGO's team of web experts;
Customization with a marketer's logo, graphics, and business
Ability to view and order CITGO lubricant products;
Catalog searching, order review, and shipping information
maintenance features making the ordering process more efficient
for the customer;
Data accuracy and maintenance provided by CITGO;
Convenient access from any Internet connection;
Material Safety Data Sheets (MSDS) are accessible as a
PDF file online, a download for electronic file storage, or in
Ability to communicate promotions and discount offers;
Web experts provide support and assist in execution of
all implementation tasks and maintenance.
For more information on CITGO, see the company's web site at www.citgo.com.