SPAR Group Named Consumer Products Group Partner of the Year by Health Mart®
Tarrytown, NY - Tuesday, June 18, 2010 - SPAR Group, Inc. (NASDAQ: SGRP) (the "Company" or "SPAR"), a leading supplier of retail merchandising and other marketing services throughout the United States and internationally, today announced that the Company has been named Consumer Products Group Partner of the Year by Health Mart®. SPAR Group is the inaugural recipient of this award.
SPAR Group has been Health Mart's dedicated marketing and merchandising services partner for the past four years, servicing more than 2,600 Health Mart® stores in all 50 states. Part of the Company's services include consumer product planograms consisting of new product cut-ins of over 188,000 new items each year, implementing over 46,000 category resets each year and completing over 30,000 annual visits and over 125,000 in-store hours.
"It is with great honor that we accept Health Mart's inaugural Consumer Products Partner of the Year award," stated Gary Raymond, President and Chief Executive Officer of SPAR Group. "This acknowledgment celebrates the hard work, dedication and quality of work of our team, where we are committed to increasing our clients' total sales, reducing out of stocks and increasing profits. We look forward to continuing the working relationship we have had with Health Mart over the past four years and for many years to come."
"SPAR Group is a tremendous partner in helping Health Mart to expand its national network of more than 2,600 locally owned pharmacies," says Tim Canning, President, Health Mart. "SPAR delivers first class merchandising and marketing services to Health Mart independent pharmacies that enable them to grow their business and provide exceptional patient care. Health Mart recognizes the value that SPAR brings to the Health Mart network."
About Health Mart
Health Mart is America's fastest-growing independent pharmacy network with 2,600 locally owned community pharmacies in all 50 states. Health Mart was awarded the highest customer satisfaction ranking among chain drug stores in the J.D. Power and Associates 2009 National Pharmacy StudySM1. Health Mart pharmacists provide personalized care and take the time to help patients understand their prescription drug coverage, how to safely manage multiple medications, improve their health through diet and exercise, and how to take advantage of lower-cost medication options and prescription discount cards. As an important member of the healthcare team, Health Mart pharmacists possess strong clinical knowledge and partner with their patients, and their patients' other healthcare providers, to help them manage and improve their health. Visit www.healthmart.com to find a Health Mart pharmacy near you.
About SPAR Group
SPAR Group, Inc. is a diversified international merchandising and marketing services company that provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations. SPAR Group provides product services, project services, in-store events, radio frequency identification ("RFID"), technology services and marketing research covering all product and trade classifications, including mass market, drug store, convenience store and grocery chains. Product services include product additions; placement, reordering, replenishment, labeling, evaluation and deletions, and project services include seasonal and special product promotions, product recalls and complete setups of departments and stores. The company operates throughout the United States and internationally in 11 of the most populated countries, including China and India. For more information, visit the SPAR Group's Web site at www.sparinc.com.
Certain statements in this news release and such conference call are forward-looking, including (without limitation) growing revenues and profits through acquisitions, attracting new business that will increase SPAR Group's revenues, continuing to maintain costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the company's control. The company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of SPAR Group's selling and marketing functions, continued customer satisfaction and contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, the success of its international efforts, success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in SPAR Group's most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time. All of the company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
SPAR Group, Inc.
James R. Segreto, Chief Financial Officer