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http://www.review.net/section/detail/11-2-2010-tonertype-expands-space/
CAN TONERTYPE REMANUFACTURE 15,000 CARTRIDGES PER MONTH ?
Tonertype expands space
Tonertype,
a printer toner cartridge manufacturer based in Tampa, moved into a new
facility in order to increase its production capabilities. Tonertype is
the subsidiary of American TonerServ Corp. (ATS), a company based in
Santa Rosa, Calif. The Tampa firm is moving from a 13,500 square-foot
space into a new building with 30,000 square feet of room. It will be
set up to manufacture up to 15,000 toner cartridges per month, a company
release said.When ATS first purchased Tonertype in 2007, the
company had been focused on manufacturing cartridges for local
customers. Now, a 23% increase in six-month revenues for ATS merits a
change to the Tonertype model.“Our expanded facility and increased
manufacturing is designed to increase our margins,” said ATS CEO Chuck
Mache of the move.ATS earned approximately $16.9 million in revenues in
the first six months of 2010http://www.prnewswire.com/news-releases/american-tonerserv-moves-to-increase-its-own-compatible-cartridge-manufacturing-by-expanding-into-new-florida-facility-106511823.html
American TonerServ Moves to Increase Its Own Compatible Cartridge Manufacturing by Expanding Into New Florida Facility
SANTA
ROSA, Calif., Nov. 2010 — American TonerServ Corp. , a leader in the
highly fragmented $6.0 billion printer supplies and services industry,
reports it has expanded to a new facility in its Tonertype division in
Tampa, Florida.The move expands Tonertype’s square footage from
13,500 to nearly 30,000 and is set up to manufacture up to 15,000
compatible toner cartridges per month. Tonertype had been manufacturing a
small amount of cartridges specifically for the local markets in
Florida. The decision to expand production centered on a change in the
economic environment in the compatible cartridge market and the
continued revenue growth of ATS. The Company recently announced a 23
percent increase in revenues for the first six months of 2010 to $16.9
million.Chuck Mache, CEO of American TonerServ, commented:
“When we acquired Tonertype in 2007, the economics in the industry
favored outsourcing to remanufacturers versus building cartridges
in-house. With the prices of cores rising so dramatically in 2010,
causing wholesale cartridge prices to rise and putting margin pressures
on the company, we’ve opted to expand our expertise of manufacturing
compatible toner cartridges.””Our quality from Tonertype has always
rivaled that of the OEM’s and compatible manufacturers, and while we
will continue to make significant additional purchases from our selected
strategic vendors, our expanded facility and increased manufacturing is
designed to increase our margins on certain select sku’s. This is all
made possible by our continued revenue growth,” Mr. Mache said.About American TonerServ:
American
TonerServ (OTCBB: ASVP) is a leading marketer of compatible and
original-equipment-manufactured toner cartridges. The Company is
strategically building a nationwide organization to efficiently serve
the printing needs of small-and medium-sized businesses by executing on
key organic growth initiatives designed to build sales distribution
across the country. In the more than $6.0 billion recycled printer
cartridge and printer services industry, the company offers top quality,
environmentally friendly products and local service teams to its
customers. Please visit http://www.AmericanTonerServ.com for more
information.Safe Harbor: Except for historical information
contained herein, the matters set forth above may be forward-looking
statements that involve certain risks and uncertainties that could cause
actual results to differ from those in the forward-looking statements.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”
and similar expressions, as they relate to the Company or its
management, identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well as
assumptions made by and information currently available to management.
Actual results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors such as the
level of business and consumer spending, the amount of sales of the
Company’s products, the competitive environment within the industry, the
ability of the Company to continue to expand its operations, the level
of costs incurred in connection with the Company’s expansion efforts,
economic conditions in the industry and the financial strength of the
Company’s customers and suppliers. The Company does not undertake any
obligation to update such forward-looking statements. Investors are also
directed to consider all other risks and uncertainties.
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