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Public Relations >> Press
Release, October 1, 2004
Press Release
California
Bankers Association adds Office Depot as Endorsed Partner
Discounted office supplies, furniture
and equipment now available for CBA members
SACRAMENTO - October 4, 2004 - The California Bankers Association
(CBA) today announced the addition of Office Depot (Business Services
Division) as one of the association's Endorsed Partners. CBA,
through its extensive due diligence process, has selected Office
Depot as the partner of choice in this critical product category.
"We have negotiated a very aggressive discount on the items
most commonly used by banks with the overall goal of the program
to provide our member banks with a collectively negotiated price
lower than could be achieve individually," said Reva Gould,
CBA's vice president of Marketing. "Office Depot's commitment
to service and quality will make them a valued Endorsed Partner
to our organization and its members."
Office Depot offers new tools that can increase purchasing efficiency
and evaluate spending and cost reduction alternatives. Their Internet
ordering system features many new ordering tools and services provided
exclusively by Office Depot's Business Services Division. They offer
a full range of functions designed to provide customers better control
over office supply purchases. Some of the more popular tools include
electronic ordering and approval routing, electronic billing and
online usage downloads. Office Depot stocks over 15,000 items with
everyday savings on a core list of banking supplies of up to 80
percent off manufacturers' prices. Free Next Day Delivery (in all
major markets) is provided to all CBA members who sign up for the
Office Depot program. Additionally, Office Depot prides itself on
local account management, knowledgeable customer service representatives
and the ability to purchase at the retail level with procurement
cards linked to your bank's account billing.
ABOUT Office Depot
With annual sales of more than $12 billion, no one sells more office
supplies to more customers in more countries than Office Depot.
Founded in 1986 and headquartered in Delray Beach, Fla., the company
conducts business in 23 countries and employs nearly 50,000 people
worldwide. Office Depot is a leader in every distribution channel
- from retail stores and contract delivery to catalogs and e-commerce.
The company is the world's number three online retailer - on track
to generate more than $3.0B in sales for FY'04. In North America,
Office Depot has 901 retail stores in addition to a national business-to-business
delivery network supported by 22 delivery centers, more than 60
local sales offices and 13 regional call centers.
The company's common stock is traded on the New York Stock Exchange
under the symbol ODP and is included in the S&P 500 Index. Additional
press information can be found at: http://mediarelations.officedepot.com.
Information about CBA
Established more than 110 years ago, the California Bankers Association
(CBA) is one of the largest state banking trade associations in
the country. CBA leads the way in developing relevant educational
and legislative solutions to some of California's more pressing
financial and banking issues, including financial privacy, predatory
lending, usage fees, and financial elder abuse. CBA's membership
includes more than 300 of California's commercial, industrial and
community banks and savings associations.
For further information, visit www.calbankers.com or contact Anissa
Yates at 916/441-7377.
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