Dear Investor
The CEO Of Apogee Companies,
An Affiliated Group Of Companies
Owned By Roy P. Disney, Will
Join The
Board Of Directors Of The Neptune
Society
Tom Camp, a prominent and nationally renowned leader in business, has
accepted a position on the Neptune Society's Board of Directors effective
immediately.
FOR IMMEDIATE RELEASE
COMPANY CONTACT:
Gary R. Loffredo, Director
(800) 535-7935
Tom Camp, CEO of the Apogee Companies, Owned By Roy P. Disney,
Accepts a Position on The Neptune Society's Board of Directors
BURBANK, Calif., July 18 /PRNewswire/ The Neptune Society, Inc. (OTC
Bulletin Board: NTUN) one of the country's largest publicly traded
cremation specialists, announced today that Tom Camp, Chief Executive Officer
of The Apogee Companies, a group of affiliated companies owned by Roy P.
Disney, has accepted a position on its Board of Directors, effective immediately.
"The Board of Directors of any successful corporation must consist of
people with diverse backgrounds, and complimentary skills that are needed
to run an organization in today's competitive environment. For The Neptune
Society, this includes Directors with
financial, legal, business and marketing expertise. We are pleased
to have Mr. Camp join our team. His previous experience in guiding companies
to growth and development will be invaluable to us as we continue to lead
The Neptune Society to new levels,'' said Marco Markin, Neptune's CEO and
Chairman of the Board.
Mr. Camp's professional background ranges from holding a position as
the Director of Programs for the Nebraska Safety Counsel to working as
an attorney for Gang, Tyre, Ramer & Brown, Inc., a premiere entertainment
law firm, to his current position as CEO, Secretary and General Counsel
of The Apogee Companies. Mr. Camp has been a part of the Apogee Companies,
its predecessors and affiliates, since the company's formation in 1991.
In addition to his current status at Apogee, Mr. Camp also currently serves
as a Director of Hanna Car Wash Systems International, LLC. Mr. Camp has
also previously served as a Director of Micromonitors, Inc.
"His background as an attorney and business executive, as well as his
experience
in private equity investments from both a legal and business
perspective make him an incredible choice for this position on Neptune's
Board of Directors,'' said David Schroeder, Neptune Society's President.
"We are looking forward to working with Tom in the future, and being able
to make full use of the resources and knowledge that he can provide to
us.''
About The Neptune Society
Headquartered in Burbank, CA., The Neptune Society Inc. is one of North
America's largest cremation specialists, and is the only publicly traded
company dealing solely in cremation services. The Neptune Society, operating
for nearly three decades with locations in California, Florida, New York,
Washington, Iowa, Oregon and Arizona has provided thousands of cremation
services and currently has close to 60,000 active contracts and nearly
$40 million in trust in its unique Pre-Need program. The Neptune Society's
goal is to provide a simple, dignified and economic alternative to the
traditional funeral burial service system.
Disclaimer: This press release may contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Readers/Investors
are cautioned that the forward- looking statements are inherently uncertain,
including statements related to the Company's business strategy, success
of its acquisitions, its ability to integrate its current business strategies
into its existing operations and the Company's expectations for future
success. Actual performance and results of operations may differ materially
from those projected or suggested. The forward-looking statements contained
herein represent the Company's judgment as of the date of this release,
and the Company cautions the reader not to place undue reliance on such
statements. These forward-looking statements should not be reprinted, reiterated
nor considered an inducement for investment.
###
Neptune
Society Highlights
***
Key Investment Considerations ***
The Neptune Society® is the only public “pure play” in the
cremation segment of the death-care services industry and the company benefits
from extensive goodwill from its reputation and high visibility brand name
built during its 27-year history.
The Neptune Society recently received an 'Aggressive Buy' recommendation
from Banyan Capital Markets with an $8 target price.
The compelling value proposition for cremation is its simple, dignified,
environmentally friendly and economical ($799 to $1,299) compared to
($5,000+) for a traditional burial service .
Cremation service revenues were $2,242,000 for the three months that
ended March 31, 2001 compared to $1,328,000 in 2000, nearly double the
same period last year.
The Neptune Society provided 6,639 cremations in 2000 and has already
provided 5,098 in the first five months of 2001, that is double the
same period last year with a very conservative projected total for
2001 to be approximately 7,400.
The Neptune Society's new management team, assembled since 1999, has
substantial industry expertise. The management has implemented a multi-pronged
marketing strategy focused on selling “preened” cremation plans. Including
direct sales over their Web site, the strategy also includes direct mail
of approximately six million pieces being sent in 2001 and the support
of five sales managers with approximately 200 independent, commission-only
sales representatives providing follow-up.
The Neptune Society serves customers in 35 major metro areas with
16 offices located in 6 states (CA, FL, WA, OR, NY and IA), excluding
the corporate offices and a dedicated “call center” with 20 telemarketers
in Tempe, AZ.
