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San Diego-Based BREG, Inc. Chooses U.S. Bank

SAN DIEGO, Jul 29, 2003 (BUSINESS WIRE) -- BREG, Inc., a San Diego-based manufacturer and distributor of orthopedic medical devices, has chosen U.S. Bank as its financial services provider. Located in the northern part of San Diego County, this new relationship demonstrates U.S. Bank's commitment to businesses in the North County area.

In 2002, BREG chose U.S. Bank to provide merchant processing services. The new contract brings the rest of BREG's business to U.S. Bank, deepening the relationship and fostering new opportunities for both companies.

"Our goal is to build relationships with our customers, looking at their whole financial picture and consult with them to make their banking relationship as rewarding as possible. That is why the expansion of our relationship with a company as respected and established as BREG is so rewarding," said Luanne Bas, senior vice president of commercial banking at U.S. Bank.

BREG, Inc. is the manufacturer of more than 200 medical products including continuous cold therapy devices, post-operative and functional ACL, OA, elbow, knee, ankle and shoulder bracing, a full line of neoprene supports for the knee and elbow, ankle and wrist bracing, knee CPM's, and post-operative pain management infusion pumps. Founded in 1990 as a premium supplier of orthopedic and rehabilitation products, BREG has demonstrated consistent growth and employs more than 250 professionals who conduct manufacturing and distribution from BREG's state-of-the-art, 126,000 square foot facility in North San Diego. BREG distributes nationally through 160 sales associates and internationally to 35 countries.

U.S. Bancorp, with assets of $195 billion, is the 8th largest financial services holding company in the United States. The company operates 2,199 banking offices and 4,575 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.

SOURCE: U.S. Bank

CONTACT:          U.S. Bank
                  Teri Charest, 612-303-0732

URL:              http://www.businesswire.com
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Copyright (C) 2003 Business Wire.  All rights reserved.

SOURCE: U.S. Bank

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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