WISCONSIN PHARMACAL COMPANY LANDS GOVERNMENT CONTRACT

New Ownership Group Continues to Build Business and Create Jobs

Jackson, WI (September 9, 2003) – Wisconsin Pharmacal Company announced today that it has been awarded a United States Government contract to supply water purification tablets to the US Military.

The agreement designates Wisconsin Pharmacal Company as the exclusive provider of water purification tablets for military use for through 2006 and has provisions for the government to purchase up to 300 million tablets during the term of the contract. Over the next two weeks, Wisconsin Pharmacal Company will ship an initial stocking order of 10 million water purification tablets to various government supply depots. The Company markets these same water purification tablets commercially under the brand name of Potable Aqua“.

Wisconsin Pharmacal Company traces its roots back over one hundred and five years ago when it began as a cooperative manufacturer for corner drug stores. In May, 2003, John Wundrock and Jeffrey Potts led an ownership group which purchased the company that included the brands of Potable Aqua“ water purification tablets, Sting Eze“ insect bite relief, Atwater Carey“ first aid kits, Baitmate“ fish attractants and Reflect“ sun care products and contract manufacturing operations. Wundrock had previously owned and operated Wisconsin Pharmacal Company from 1971 to 1996. Potts is the former President and CEO of The Company Store of La Crosse, WI. The transaction was completed with the assistance of financial partners TCF Bank and the State of Wisconsin Investment Board.

John Wundrock, President and CEO of the new Wisconsin Pharmacal Company stated, "We are delighted to have secured this contract in such a short period of time. The new Pharmacal is just about 100 days old, and we’ve already exceeded our most aggressive expectations for the business. This contract continues to build upon the momentum and excitement we’re experiencing both with our branded products and with retail partners like Wal*Mart, Target and REI." Jeffrey Potts, COO of Wisconsin Pharmacal Company, added, "When we purchased the business, it was gratifying to protect up to sixty Wisconsin jobs. Over the last three months, the performance of our employees has been exemplary. Due to these excellent efforts, we have already added staff in key areas and look to continue to build business and expand employment."

 

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