OASIS Acquires Sunroc

October 23, 2003

OASIS® Corporation Chief Executive Officer Romaine Gilliland today announced the acquisition of long-time competitor Sunroc Corporation of Dover, Delaware. Terms were not disclosed.

The action facilitates the combination of two of the industry's oldest, most established manufacturers of water dispensing products. OASIS Corporation, founded in 1910, employs 1,000 associates worldwide with annual gross sales in excess of $175 million. Sunroc, formed in 1922, has 300 associates with annual sales of $50 million.

"This is a banner day for OASIS Corporation," said Gilliland. "In addition to increasing our market share, we anticipate many advantages of the combined businesses. Foremost will be the ability to enhance product innovation and improve sales and customer service, while providing a clear focus on long-term benefits for our valued customers and associates. With the transaction complete, we will now begin a unified integration process."

Headquartered in Columbus, Ohio, OASIS Corporation is a world leader in the manufacture and sale of bottled water, point of use, and pressure water coolers, drinking fountains, commercial coffee brewers, and dehumidifiers. The company also is recognized as an industry leader in the production of small, refrigerated appliances for beverage dispensing and air treatment markets.

Known for many innovative firsts in the improvement of water products systems, OASIS Corporation (oasiswatercoolers.com) operates manufacturing facilities in Ohio, California, Mexico, Canada, Ireland and Poland.

Source:

OASIS Corp.

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