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APC Group, Inc. Reports Largest Medreel Sales Order for One Facility in North America(May 31, 2012)
PHOENIX, AZ -- (Marketwire) -- 05/31/12 -- APC Group, Inc. (PINKSHEETS: APCU) announced today the sale of 163 Medreels at a cost of $60,000 to Ruzicka Electric of Fenton, MO. for Parkway West High School in St. Louis to use in their science labs.
Ken Forster, CEO of APC Group, commented, "We have begun to receive requests for quotes from schools in many areas over the last few years. We are extremely pleased with the support we are receiving from various schools, Ruzicka Electric, various architects and designers who are now specifying Medreels for new schools and remodels throughout the country. This order represents a milestone for the largest Medreel sale for one facility in North America, and I am very pleased and look forward to seeing additional orders being placed in the future."
APC Group manufactures and distributes the Arctic Leash watertight retractable extension cord reel, the MedReel® and a proprietary line of all weather, indoor/outdoor extension cords under the brand name Arctic Leash for home and industrial use. APC Group's flagship products are the hospital-grade MedReel, used in hospital operating theaters, patient rooms and medical carts throughout the world; and the Arctic Leash, used in providing watertight retractable power for any climate anywhere in the world.
APC Group's mission is to be the undisputed leader in the innovative design, marketing, sales and distribution of water-tight retractable power cord reels and proprietary extension cord products and accessories. The company markets and distributes products through media attention, conventional advertising, independent sales representatives, distributors, Web sites, and mass retail department stores and chains throughout the United States and Canada.
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This press release contains or may contain forward-looking statements such as statements regarding APC Group's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which APC Group operates which could have a material effect on APC Group's current business model. The news segments may contain information that may not be current and information that may have been forward-looking at the time and subsequently may not have come to fruition. The forward-looking statements contained in this press release and the statements contained in the news segments are also subject to other risks and uncertainties, including those more fully described in APC Group's filings with the SEC. APC assumes no obligation to update these forward-looking statements or the statements in the news segments to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
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