PHOENIX BUCKS THE DOWNWARD TREND ORDERS UP SIGNIFICANTLY IN 1ST QUARTER '09?

Phoenix/CAPS is well aware of the difficult times being had by all in the packaging industry and we are not immune. However, our approach to business has allowed us to continue to grow despite the financial downturn. Phoenix/CAPS increased sales by 20% in the first 4 months of 2009. Sales volume in semi-automatic and fully automatic machines were up equally during that period.

These increases are even more impressive when you consider the secondary effects of this economy. With the daily announcements of companies shutting down facilities or downsizing plants, used packaging machinery is flooding the market due to these closings. Thus not only is there a reduced market, but this used equipment which is priced to sell, has caused downward pressure on prices. A large amount of this used equipment has now been absorbed by the market and should help with margins and sales volumes moving forward.

There is no question that our success with our growing distributor network is playing a large role in these increases in sales. Distribution worldwide has continued to expand at a very solid pace. We are proud of these growing relationships and take them seriously. Thank you for your growing support and we will continue our commitment to supporting our distributors, before, during, and after the sale.
For more information concerning our distributor program.

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