Outlook (NASDAQ:OUTL)
Historical Stock Chart
From Oct 2019 to Oct 2024
Outlook Group Corp. (Nasdaq:OUTL) today announced that
it has signed a two-year contract with a major national consumer
products company to produce, package and carton a new consumer
product. The contract is valued at an estimated $20 million over the
two-year period, depending upon the success of the new product in the
consumer marketplace. Additional information on the new product cannot
be disclosed for competitive reasons.
"We chose Outlook Group because of the value added through their
complete supply chain management solution," said a representative of
the consumer products company. "Outlook Group worked hard to identify
the exact technical processes required and the optimal way to amortize
the equipment needed for the development and production of our
product."
"Our existing core competency in printing technology will be the
basis for the manufacture of this new consumer product. Our strong
balance sheet enabled us to make the up-front investment in the
specialized equipment needed to develop the new product," said Joseph
J. Baksha, president and chief executive officer of Outlook Group.
"This contract is a significant opportunity for Outlook Group
because it incorporates the manufacture of a consumer product into the
supply chain management services we already offer. It validates the
effectiveness of our supply chain management strategy and further
extends the value we can bring to our clients," said Baksha.
Outlook Group Corp. is a printing, packaging and direct marketing
company offering a variety of related services to clients in markets
including contract packaging, collateral information management and
distribution, direct marketing components and services, packaging
components and materials and specialty print related services. The
company leverages its core competencies by cross-selling services to
provide a single-source solution for its clients.
The discussions of potential future occurrences and operations,
and other statements in the future tense or using terms such as
"believe," "expect," or "anticipate," in this press release are
"forward-looking statements" intended to qualify for the safe harbor
from liability established by the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are subject to certain
risks and uncertainties which could cause actual results to differ
materially from those anticipated. Outlook's periodic filings with the
Securities and Exchange Commission discuss a number of other factors
which may affect Outlook's future operations, including: possible
changes in customer relationships; financing needs to support our
relationships; possible termination of contracts, including long-term
contracts; the need to complete the transitions to the new customer
contracts, and the need to achieve and maintain satisfactory
performance thereunder; potential inability to achieve expected cost
savings or delays in their achievement; changes in project mix and
timing; the effects of industry competition, overcapacity and
acquisition activity; slowdowns in general market and economic
conditions, and changes in other world and national conditions; and
the possible need for future capital investments or equipment
enhancements, and related financing. Readers are urged to consider
these factors carefully in evaluating the forward-looking statements.