02.04.00

STANFORD PRODUCTS UNDER NEW OWNERSHIP

(Salem, IL) Effective January 31, 2000, the Stanford Division of MAN Roland currently located in Salem, IL was acquired by Stanford Products LLC. Edward R. Padilla, principal owner and President of Stanford Products LLC, an Illinois company, spearheaded the purchase. Mr. Padilla has intimate knowledge of the products and business operations of the company after serving several years as CEO at MAN during its ownership of Stanford.

Stanford products have a rich history dating back to 1943 when Dutch Stanford founded the Stanford Engineering Company. In 1950, the company introduced the Doctor Machine®, which allowed converters to reclaim scrap rolls due to defective printing, mill splices, telescoped rolls or unevenly tensioned rolls. The product line has since evolved and expanded offering customers a broad selection of sophisticated slitters and rewinders. Today, Stanford is recognized as an innovative leader and major player in the converting industry.

Padilla recently said, "I am very pleased to have the opportunity to be associated with Stanford and its great history and potential for the future. We plan on investing heavily in engineering and new product development, while maintaining the company's reputation for quality." Customer input will play a large role in the direction of product advancement.

The transaction gave Stanford Products LLC exclusive rights to manufacture and distribute the Stanford product line and equipment rental services. Manufacturing operations will be moved to the Chicago area, however a Salem office will be maintained. Both MAN and Stanford Products LLC are working together to ensure a successful transition for the vendors and valued customers in order to maintain the quality and excellence those associated with Stanford have come to expect.

09.12.00

STANFORD SELLS LABEL EXPO SHOW MODEL

(Salem, IL) Stanford Products LLC, Salem, Illinois, a supplier of equipment to the packaging and converting industries, has successfully entered into a sales agreement with Mail-Well Label for Stanford's Model 638 Slitter/Rewinder on display at Label Expo.

Mail-Well is an international company headquartered in Denver, Colorado, with 140 locations throughout the US, Hawaii, Canada, UK, and Mexico. Their capabilities are diverse, including commercial, envelope, label, and document printing; as well as extrusion coating and laminating. The agreement is specifically with Mail-Well's Label Division, which owns and operates more than twenty printing plants.

Stanford's Model 638 is especially well suited for film applications. The 638 show machine will be shipped directly to Mail-Well's Specialty Films Division in Cincinnati, Ohio, where it will be utilized in slitting film for beverage, dairy, aerosol and industrial containers. Mail-Well Label has also placed another order with Stanford for an additional 638 slitter/rewinder to be delivered in February of 2001. Stanford will participate with Mail-Well in making engineering design modifications to this second machine in order to add to the performance for their specific material requirements. As a first time buyer of Stanford equipment, Mail-Well based their purchasing decision on Stanford's solid reputation for supplying quality equipment to the industry, as well as Stanford's cooperative spirit in engineering customization, contributing to ongoing product improvement.

Stanford Products LLC has offices in New Jersey and Illinois, including a new facility in Woodridge, Illinois. Recognized as an innovative leader in the manufacture of converting equipment for over 50 years, Stanford offers a complete line of slitter/rewinders, as well as the world's largest selection of Doctor Machines®.