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Chinese Company Opening Manufacturing Facility in Lincoln

Todaytec, the leading manufacturer of thermal transfer bar code ribbons (TTR) in China, has selected the Denver/East Lincoln area of Lincoln County as the site to open a manufacturing and distribution facility to service the North American market. Todaytec has leased 6,000 square feet and will be located in the Denver Business Park. Pete Acker, President and CEO, CMC-Lincoln, and Chair, Lincoln Economic Development Association, commented, “It is with great excitement we welcome Todaytec, our latest international and first Chinese industry, to the county. “

The company produces fax ribbons, hot stamp foils and barcode ribbons and has experienced a 3 fold increase in its bar code ribbon business in 2008, especially for export.

Known for their high quality ribbons and customer service, this new southeastern location will give Todaytec the strategic capability to respond to market demands in an even more timely and cost efficient manner. Lincoln County Board of Commissioners Chair Alex Patton added his welcome, stating, “We feel Todaytec has tremendous potential in this market and are encouraged in this challenging economic environment to see new international business continue to open in Lincoln County.”

Todaytec is being assisted in their new location by a local business executive and investor with 24 years of global industry experience and is represented by Mr. Jack Liu from the company’s Hangzhou, China headquarters. “We believe that Lincoln County provides Todaytec with numerous business advantages and high quality of life. On behalf of all my colleagues in Denver, NC and Hangzhou, China we are very excited to make Lincoln County our new home in North America..”

Kim Phillips, Business Development Manager, and Barry Matherly, Executive Director of the Lincoln Economic Development Association, worked with the local business executive and investor to locate the company in Lincoln County. Phillips echoed LEDA and county board comments, “We are thrilled to introduce our first Chinese company and look forward to their success in our area as they thrive and grow. It is our hope that this facility is only the beginning of great things for them in Lincoln County. As Lincoln continues to open new office and industrial locations, we are extremely encouraged by the response we are receiving from the corporate and industrial client base. Lincoln provides great product at a lower development cost and tax rate with excellent access to the Charlotte region. I believe not only local developers but more international companies as well are getting the message of our development potential.”

About LEDA: Lincoln Economic Development Association is a private, 501c(3) non-profit corporation charged with facilitating industrial and office development in Lincolnton and Lincoln County.

Through its public-private partnership the City of Lincolnton, Lincoln County, private citizens and the business community have come together to pursue well-balanced, quality growth for the community.

LEDA’s mission is to foster an economic environment that promotes:

• An enhancement of the standard of living by creating more and better jobs for the citizens of Lincolnton and Lincoln County

• An increased and diversified tax base to provide needed community services