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FOR IMMEDIATE RELEASE
WRP CORPORATION ANNOUNCES MANAGEMENT CHANGE
ITASCA, ILL, DECEMBER 1, 2000 - WRP Corporation (NASDAQ: WRPC) and its wholly
owned subsidiary, American Health Products Corporation, today announced a change
in senior management.
After over ten years of service, Mr. Edward Marteka has announced his
resignation as President of the Company. Mr. Marteka, who founded the Company in
1989 and developed it into an over $60 million sales and marketing business,
leaves to pursue his other interests. Mr. Marteka's leadership, vision and
entrepreneurial skills created a solid base in two major market segments from
which to continue to build. Mr. Marteka will remain as a director of the Company
and will be available for strategic assignments.
Mr. Richard Wong, Chairman and CEO of WRP Corporation and American Health
Products Corporation remarked, "The Board and the Company are appreciative of
Ed's contributions to the Company from its founding to its leadership in the
marketplace today. We wish him the best in his future endeavors."
In his place, WRP Corporation and American Health Products Corporation have
appointed Mr. Neil Kosterman as President. Mr. Kosterman was formerly the
President of the DeltaQuest Group, which specializes in strategic marketing and
business development consulting for growth companies, particularly in the
medical field. During his tenure, he was engaged in numerous high level
consulting engagements including a pharmaceutical startup, a prostrate cancer
surgical specialty company, as well as neonatal, pediatric and bioengineering
companies. His roles ranged from strategy formulation to startup management and
general management. Mr. Kosterman has also held the positions of President, Oral
Health International, a start-up staff model HMO, Vice President of Corporate
Development at Smith & Nephew, Inc. and Vice President of Marketing at Bard
Urological.
Commenting on the appointment, Mr. Richard Wong said, "We are extremely pleased
to welcome Neil on board. His wide experience in the medical industry, his
penchant for the use of technology and particularly, his experience in several
successful startup and turnaround situations should be of great benefit in
propelling our Company forward. We believe that with our AmeriNet and In-Source
Medical GPO contracts, our surgical glove program and our SafePrep own-brand
foodservice initiatives, we have the key ingredients in place to become a
significant player in the medical and foodservice disposable products market."
WRP Corporation, headquartered in Itasca, Illinois, is a manufacturer and
marketer of disposable gloves. The Company's U.S. glove distribution arm,
American Health Products Corporation, is a leading supplier of branded and
private label examination and surgical gloves to the medical, dental, food
service, and retail markets nationwide. The Company is a principal supplier of
powder-free latex examination and surgical gloves through its strong alliance
with Malaysia based WRP Asia Pacific, a top five glove manufacturer in the
world.
This press release contains forward-looking statements, which involve numerous
risks and uncertainties. The Company's actual results could differ materially
from those anticipated in such forward looking statements as a result of certain
factors, including those set forth in the Company's filings with the Securities
and Exchange Commission.
Contact: Mr. Kenneth Ling
Chief Financial Officer
WRP Corporation
(630) 285-9191
