MADISON, Wis., July 14 /PRNewswire-FirstCall/ -- Rayovac Corp. (NYSE: ROV)
was recently honored by the Defense Supply Center in Richmond, Virginia, as
one of the government's best suppliers. The award was given at the Automated
Best Value System award ceremony held during the Defense Center's annual
business conference in June.
Rayovac was one of only 54 suppliers to receive the Silver Medal. The
commander of the supply center, Navy Rear Admiral Mike Lyden, presented the
award. Rayovac was selected from a group of 5,743 suppliers to the Defense
Supply Center. Rayovac supplies alkaline batteries to the Department of
Defense and other government agencies.
Firms which qualify as Automated Best Value System medallists have met
stringent quality and delivery requirements established by the Defense
Logistic Agency. A computerized system collects a vendor's past performance
over the last year and translates it into a numeric score, ranging from zero
to a perfect 100. A score of 99.0 through 99.9 earns a silver medal. To be
eligible, vendors must have shipped 10 or more contract lines during a
12-month period. Each shipment represents one contract line item. Rayovac
successfully shipped 13,219 line items representing $10 million in sales over
the last year.
"Rayovac is very honored to receive this prestigious award from the
Department of Defense and I wish to thank all the employees throughout our
organization for their hard work and dedication," said Lester Lee, president
of Rayovac North America. "This is testament to the high quality standards
and performance of our Rayovac products."
The supply center, located in Richmond, Va., purchases nearly 850,000
items used by the military and other government agencies. These items include
a mix of military-unique and commercially available items supporting over
1,300 major weapon systems. The value of the products and services the supply
center provides to its customers is expected to reach the $3 billion mark this
fiscal year.
Certain matters discussed in this news release, with the exception of
historical matters, are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are
subject to a number of risks, uncertainties and other factors that could cause
results to differ materially from those anticipated as of the date of this
release. Actual results may differ materially from these statements as a
result of (1) changes in external competitive market factors, such as
introduction of new product features or technological developments,
development of new competitors or competitive brands or competitive
promotional activity or spending, (2) changes in consumer demand for the
various types of products offered by Rayovac, (3) changes in the general
economic conditions where we do business, such as stock market prices,
interest rates, currency exchange rates, inflation and raw material costs, (4)
our ability to successfully implement manufacturing, distribution and other
cost efficiencies and integrate our recent acquisitions, (5) various other
factors, including those discussed herein and those set forth in Rayovac's
most recently filed Form 10-Q and Annual Report on Form 10-K.
SOURCE Rayovac Corp.
