Management Team Completes Purchase of Quality Division From Fleming Companies

20 May 2002, Memphis, TN - The management group of Memphis based Quality Incentive Company today announced their purchase of the company from parent Fleming Companies, Inc. Quality Incentive Company offers design, administration, and merchandise fulfillment for premium based incentive programs. These programs offer companies and organizations solutions to operational challenges such as safety, attendance, turnover, and productivity.

"We're very excited about the future for our company and our associates," said Scott Newman, president. "We have an experienced team of dedicated associates who understand the incentive business," he continued. "We will maintain the high standards that have been the hallmark of Quality Incentive since its inception in 1984," he said.

The new company has retained all of the Fleming associates. Operations will continue from offices at 4690 Hungerford Road, and from its distribution center located at 3660 Knight Road.

"Incentive programs offer solutions with lasting results," said Jeff Sheridan, vice-president, sales. "Playing a role in helping to produce positive change is very satisfying," he added, "especially in today's competitive environment."

Quality Companies began in 1954 and has provided a wide range of services, including trading stamps, travel, promotions, as well as incentives and recognition. Following the acquisition of Malone & Hyde by Fleming Companies in 1988, the promotion and travel services were relocated to other departments within Fleming. The trading stamp company was closed in 2001.

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