Davaco Appoints New Director of Sales

Gregg Morrison brings significant industry leadership and experience to growing organization

Dallas—November 5, 2002—Davaco Inc., the leading provider of high-quality total retail services and solutions has appointed Gregg Morrison as director of sales. As director of sales, Morrison will be responsible for all sales and support functions in the Midwest region of the country and will participate in the overall strategic development of the company.

Morrison joins Davaco from Huffy Service First, Inc., one of the nation's largest suppliers of retail outsourcing solutions sold primarily through Fortune 500 retailers and manufacturers. While at Huffy, Morrison served in a number of capacities including director of new business development, director of sales and national operations manager. As director of new business development he was responsible for a $4 million profit plan to generate new services including a national repair solution for OPE products designed to prevent unnecessary store returns which he helped develop and launch. As national operations manager Morrison successfully grew the sales and profitability of a new business segment from $6.4 million to $8.2 million. Previously, Morrison worked with Avis Rent-a-Car Systems, Inc. where, as a regional sales manager, he led a team of seven sales and support personnel responsible for a $15 million sales territory covering a six-state region.

“Davaco continues to enjoy a healthy and steady growth and this is due to the quality of people we employ. We make a very deliberate effort to hire the sharpest, most experienced people in the industry, and Gregg is no exception,” said Paul Hamer, executive vice president of sales. “Gregg will be instrumental in ensuring that, as our business continues to grow, we continue to deliver the very high levels of service and support our clients rightly demand.”