Exhibit 99.1
FOR IMMEDIATE RELEASE
For information contact:
Linda J. Miller, Senior Vice President
William J. Woodard, Vice President & Chief Financial Officer
716-265-1600
PSC ANNOUNCES STRANDBERG RESIGNATION
Rochester, New York--August 23, 2000--PSC Inc. (Nasdaq:PSCX) today announced
that Robert C. Strandberg has resigned his positions as President and Chief
Executive Officer of the Company.
PSC also announced that Robert S. Ehrlich, Chairman of the Board of PSC, and
Bert W. Wasserman, a director of PSC and former Executive Vice President and
Chief Financial Officer of Time Warner, Inc., will serve as interim Co-Chief
Executive Officers. The Company is commencing a search immediately for a
permanent Chief Executive Officer.
Strandberg joined PSC in 1996 as Executive Vice President, having previously
served as Chairman of the Board, President and Chief Executive Officer of
Datamax International Corporation. He has been PSC's President and Chief
Executive Officer since April 1997.
Robert Ehrlich said, "During the past several years, Rob has led PSC through
several acquisitions and significant investments that have increased sales and
extended PSC's reach in emerging technologies and high growth markets for the
future. We appreciate his service and wish Rob well in his new endeavors."
Robert Strandberg commented, "As I look forward to new challenges, I am proud of
PSC's accomplishments and the foundation set for future growth."
PSC Inc. is a leading manufacturer and marketer of bar code scanning and
automatic data collection solutions of the highest quality and exceptional
reliability. Its broad range of products includes a full line of laser and
non-laser based handheld and fixed position bar code scanners, two dimensional
image readers, wireless portable data terminals, warehouse management software,
bar code scan engines and verifiers and automated carton dimensioning systems.
These products are used in automated data collection solutions in the retail,
manufacturing, warehousing, logistics and package handling markets.
Headquartered in the Rochester, New York suburb of Webster, PSC has
manufacturing facilities in Webster and Eugene, Oregon. PSC has sales and
service offices throughout the Americas, Europe, Asia and Australia.
Reference should be made to filings with the Securities and Exchange Commission
(http://www.sec.gov) for further information and discussions of factors that
could affect PSC's future results.
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