Maytag's Dixie-Narco Unit and Food Automation Systems Technology, Inc. Form Alliance to Serve Vending Markets

Maytag's Dixie-Narco Unit and Food Automation Systems Technology, Inc. Form Alliance to Serve Vending Markets

		MAYTAG LOGO Maytag Corporation is a leading producer of home and commercial appliances. Its products are sold to customers throughout North America and in international markets. (PRNewsFoto)[TC] NEWTON, IA USA

NEWTON, Iowa, Oct. 13 /PRNewswire-FirstCall/ -- Maytag Corporation's (NYSE: MYG) Dixie-Narco Vending Systems and Food Automation Systems Technology, Inc., known as Fastcorp, have formed an alliance for product initiatives for the vending industry. (Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO ) Based in Morris Township, N.J., Fastcorp is one of North America's largest manufacturers of vending equipment for frozen food items. The partnership will initially include supply and distribution initiatives, but could expand into other areas in the long term. "This relationship with Fastcorp further diversifies Dixie-Narco's business base and revenue stream," said Doug Huffer, president of Dixie-Narco. "It also demonstrates Maytag's commitment to growing its presence in the vending industry." Huffer added, "By working with Fastcorp, Dixie-Narco is able to offer its vending customers new product and service offerings." Dixie-Narco has previously announced similar agreements with Nippon Conlux of Japan and the Bianchi Vending Group of Italy. "We are excited about this alliance," said Fastcorp President Mark Rogers. "Our new relationship with Dixie-Narco will enable both companies to explore new vending opportunities and introduce our businesses in many new markets around the world." Dixie-Narco is a leader in cold drink can and bottle vending equipment. The company has growing markets in more than 70 countries and has been a supplier to the industry for 40 years. Dixie-Narco is a business of the Maytag Corporation, a leading producer of home and commercial appliances. Maytag's products are sold to customers throughout North America and in international markets. The corporation's principal brands include Maytag, Amana, Jenn-Air, Jade, Hoover and Dixie-Narco. Forward-Looking Statements: Certain statements in this news release, including any discussion of management expectations for future periods, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the future results expressed or implied by those statements. For a description of such factors, refer to "Forward Looking Statements" in the Management's Discussion and Analysis section of Maytag's Annual Report on Form 10-K for the year ended December 31, 2002, and each quarter's 10-Q.