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Non-Tech : The Source Information Mgmt Co.(SORC)

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To: JanyBlueEyes who wrote (106)5/14/1999 9:18:00 AM
From: JanyBlueEyes  Read Replies (2) of 121
News - Contracts with Ahold USA, Winn-Dixie, and Blockbuster


ST. LOUIS, May 14 /PRNewswire/ -- The Source Information Management Company (Nasdaq: SORC) announced today it has signed contracts to be the exclusive manufacturer and manager of front-end check-out programs for Ahold USA of Atlanta, GA., and Winn-Dixie of Jacksonville, FL, and Blockbuster, Inc., New York, NY. Ahold and Winn-Dixie are two of the nation's largest supermarket retailers operating more than 2,000 stores; Blockbuster is the world's largest video retailer with more than 3,300 stores in the U.S.

Ahold, through its five operating companies -- Stop & Shop, Giant-Landover, Giant-Carlisle, Tops and BI-LO -- is a leading supermarket operator along the eastern seaboard with more than 1,000 stores. Additionally, in March 1999, Ahold announced its intention to acquire Pathmark Stores, Inc., a $3.7 billion supermarket operator with over 130 stores in the New York metropolitan area. The 3-year commitment with Source covers front-end management and all front-end check-out display fixtures for Ahold's supermarkets.

Winn-Dixie operates approximately 1,180 stores as one of the nation's largest supermarket retailers. Warren Couch, corporate merchandiser for Winn-Dixie, said the 12-month agreement names Source to be the exclusive manufacturer and manager for its 1999 checkout counter merchandise program.

Source will provide front-end management and manufacturing services to Blockbuster for its 1999 publishing program in its 3, 300 stores in the U.S.

Source Chairman Leslie Flegel said, "We are pleased to add Blockbuster as a client and to expand our services to Ahold and Winn-Dixie. We have provided front-end management and manufacturing services for some of the Ahold and Winn-Dixie stores in the past. Our expanded range of front-end operations positions us to provide turnkey services ranging from design, manufacture, billing, delivery and most importantly the management of information relating to product positioning and sales at the front-end check-out. This has allowed us to add Blockbuster as aclient, to expand our services to all of the stores of Ahold and Winn-Dixie and to increase the information available on our ICN network."

Source is a leading provider of information and management services forvretail magazine sales to U.S. and Canadian retailers and magazine
publishers. Source is also a leading manufacturer of display racks usedvby retailers at check-out counters. From its base businesses, industry knowledge and relationships with retailers and publishers, Source has developed its ICN website which gives retailers and publishers a forum for communication and e-commerce.

The information contained in this release includes statements
regarding matters which are not historical facts (including statements
regarding the plans, beliefs or expectations of The Source Information
Management Company) which are forward-looking statements........
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