Sancoa International Acquires Third Chesnut 150 Press

Mt. Laurel, NJ, July 15, 1999 - Sancoa International, a leading supplier of prime labels to the health, beauty and consumer package goods markets, has just installed a new Model 150 Narrow Web Gravure Press from Chesnut Engineering. This press marks the third purchase of a Model 150 Press by that company in a twelve-month period. This was due to the Company's rapid expansion in their prime label business.

The new Press, like its predecessors, will be used to print high quality prime labels for accounts such as Clairol, Revlon, P&G and other leading producers of consumer products companies.

Sancoa recently made plans to move to a new state-of-the-art campus on a 32-acre tract of land in the South Jersey countryside. Along with the Chesnut equipment, this facility will feature the latest technology developments in label printing including pre-press, production, warehousing and shipping departments.