Industrial Distribution Group, Inc. [IDGR] President and CEO Rings The NASDAQ Stock Market Opening Bell
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Industrial Distribution Group, Inc.
CEO, CEO Andrew B. Shearer
Rings The NASDAQ Stock Market Opening Bell
Monday, January 10, 2005
at NASDAQ's MarketSite
in New York City.
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Summary Quote
NASDAQ is proud to welcome Industrial Distribution Group, Inc. and its CEO Andrew B. Shearer to the market open in celebration of the company trading its shares on the NASDAQ National Market. On June 2, 2004, IDG moved its listing from the NYSE to The NASDAQ Stock Market and began trading under the ticker symbol IDGR.
About Industrial Distribution Group, Inc. [IDGR]:
Industrial Distribution Group, Inc. (NASDAQ: IDGR) is a nationwide products and services company that creates a competitive advantage for customers. The company provides outsourced maintenance, repair, operating, and production ("MROP") procurement, management, and application expertise. IDG also provides an array of value-added services and other arrangements, such as Flexible Procurement Solutions™ (FPS). These solutions emphasize and utilize IDG's specialized knowledge in product applications and process improvements to deliver documented cost savings for customers. In addition, IDG distributes a full line of MROP products, specializing in cutting tools, abrasives, hand and power tools, coolants, lubricants, adhesives and machine tools, and can supply virtually any other MROP product that its customers may require.
IDG has four operating divisions organized into regional responsibility areas. IDG serves over 20,000 active customers representing a diverse group of large and mid-sized national and international corporations including General Electric Company, Borg-Warner Inc., Ford Motor Company, Duracell Corporation, and The Boeing Company. The company currently has a presence in 43 of the top 75 manufacturing markets in the United States.
Flexible Procurement Solutions™
IDG's Flexible Procurement Solutions™ (FPS) offer customers an answer for the entire supply chain management process for MROP materials. IDG recognizes that managing MROP materials is a costly, time-consuming function for the industrial marketplace. FPS services merge state-of-the-art technology with the expertise of IDG personnel to deliver supply chain management services. In a fully integrated supply relationship, IDG associates work directly on-site at a customer's location to provide documented cost savings from product application innovations, continuous process improvements, more effective management of inventory, and many other areas, all focused on reducing customer costs. Best of all, these cost savings are quantified and documented and most go directly to the customer's bottom line.
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