CFCI Cfc

CFC International, Inc. Announces Tentative Agreement to Purchase Additional 58,000 Square Feet of Space From Chroma Corporation CHICAGO HEIGHTS, Ill., Jan. 6 /PRNewswire-FirstCall/ -- Worldwide holographic and specialty coated film manufacturer, CFC International, Inc. announced today that it has entered into a tentative agreement with Chroma Corporation to purchase Chroma Corporation's Chicago Heights land and building for $1.6 million. The purchase agreement includes 58,000 square feet of office, manufacturing and warehouse space located on approximately 5.77 acres at 385 East Joe Orr Road in Chicago Heights, Illinois. This property borders CFC's Chicago Heights property to the west. This transaction, which is subject to customary closing conditions, is expected to be completed in early 2004. Under the agreement, CFC will take occupancy at closing of 15,000 square feet of space which it initially plans to use for additional storage and warehousing. In July 2004, the Company will then take over an additional 15,000 square feet at this site. The Company plans to relocate a portion of its finishing and inspection departments from its current facilities at this time. The remainder of the space will be leased to Chroma Corporation who will relocate their operation no later than July 2005. "By acquiring this additional land and building, CFC will be better able to leverage our manufacturing operations moving forward," said Roger Hruby, CFC's Chairman and CEO. "This acquisition represents an opportunity for CFC as we gear up to meet anticipated higher volumes in several of our product offerings. This space will allow us to seamlessly expand our production to our customers who are located around the world. This also provides us with approximately 80,000 square feet of green space between both buildings for future expansion." In October 2003, the Company announced that a leading competitor in printed products had notified its customers that it would be exiting this market by the end of this month. The Company expects to see a meaningful increase in its printed products market share as a result of this notification. Headquartered in Chicago Heights, Illinois, CFC International is a market leader in the design, manufacture and marketing of holographics and specialty functional coatings that add value to a wide variety of industrial and consumer products. The Company operates facilities in Chicago Heights and Countryside, Illinois; London, England; and Goppingen, Germany. Statements made in this press release, including those relating to expectations of future sales, net income and operating costs reductions, estimations of the market size for certain of the company's products or the company's share of those markets and expectations of increased sales attributable to various product lines, are forward looking and are made pursuant to the safe harbor provisions of the Securities Reform Act of 1995. Such statements involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, continued unfavorable economic conditions may impact market growth trends or otherwise impact the demand for the company's products and services; competition from existing and new competitors and producers of alternative products will impact the company's ability to penetrate or expand its presence in new or growing markets; uncertainties relating to the company's ability to develop and distribute new proprietary products to respond to market needs in a timely manner may impact the company's ability to exploit new or growing markets; the company's ability to successfully identify and implement productivity improvements and cost reduction initiatives may impact profitability; and risks inherent in international operations, including possible economic, political or monetary instability, may impact the level and profitability of the company's foreign sales. In addition to the factors set forth in this release, the economic, competitive, governmental, technological and other factors identified in the company's filings with the Securities and Exchange Commission, could affect the forward looking statements contained in this press release. We have no obligation to revise or update these forward looking statements to reflect events or circumstances that arise after the date of this press release or to reflect the occurrence of anticipated events. You may access additional information, including our filings with the Securities and Exchange Commission and previous press releases by visiting CFC International's Internet homepage at http://www.cfcintl.com/ . DATASOURCE: CFC International, Inc. CONTACT: Dennis Lakomy, Chief Financial Officer of CFC International, Inc., +1-708-757-2803 Web site: http://www.cfcintl.com/ Company News On-Call: http://www.prnewswire.com/comp/110663.html

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