GENCO and MeadWestvaco 2005 Unsaleables Innovation Award Winner

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GENCO and MeadWestvaco 2005 Unsaleables Innovation Award Winner

PITTSBURGH, Pa. - July 28, 2005 - GENCO, the leader in damage prevention and unsaleables management solutions, today announced that it has received a 2005 Innovation Award for managing unsaleables from the Grocery Manufacturer's Association (GMA)/Food Marketing Institute (FMI) Joint Industry Council.

The award was one of four given and is considered the most prestigious in the Unsaleables industry. The award was presented to GENCO and its customer, MeadWestvaco, a leading manufacturer of coated board, for reducing damaged goods by evaluating paperboard compression strength and statistically proving that MeadWestvaco's products prevented damage better than competing substrates. The study concluded that not only was there a difference in performance, but MeadWestvaco's product could dramatically decrease the number of unsaleables throughout the packaging-to-sales cycle.

Utilizing Six Sigma methodologies, GENCO's study tracked frozen food products from the point of manufacturing to the supermarket shelf. Under the coordination of GENCO and MeadWestvaco's Six Sigma black belts, the study demonstrated that nearly all of the packaging damage occurred after the product reached the store loading dock, thus confirming the importance of having the proper consumer packaging to prevent damages.

"The winners of the Innovation Award clearly showcased dynamic solutions for reducing the costs associated with unsaleable products," said GMA's senior director of Industry Affairs, Karin Croft. "The goals achieved by these companies can serves as models for others in the industry."

"The entire GENCO team is pleased to receive this prestigious recognition by these leading trade organizations," said Mike Ghassali, senior vice president of GENCO's Damage Research business unit. Mr. Ghassali continued, "The recognition of GENCO and MeadWestvaco as innovators supports our mission of providing value to our customers, and we appreciate the work and commitment of the selection committee in considering our nomination."

About GENCO Supply Chain Solutions
GENCO Supply Chain Solutions is North America's largest U.S.-based and a Global Top 50 third-party logistics provider and the recognized leader in Reverse Logistics. The company manages over 130 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers. The company provides initial and ongoing value through a complete range of solutions, including contract logistics, transportation logistics, parcel negotiation and audits, reverse logistics, damage research, product liquidation, pharmaceutical services, government solutions and supply chain technology solutions. For more information, visit www.genco.com.