Concentric Sourcing has consolidated its two distribution centers into a single facility located at 2121 January Avenue on April 1^st, 2005. The new facility contains more than 40,000 square feet and is located directly behind the corporate headquarters on the hill in St. Louis, Missouri. Having all production, warehousing, and distribution in this centrally located facility, Concentric will be able to give customers improved service while streamlining our own logistics. This move and expansion is a continuation of the company’s initiatives toward growth and is a necessary component of meeting customers’ demands for supply chain management programs.

Concentric Sourcing was received as an Associate Member of the MBA (Missouri Bankers Association) for the 2005 year. Concentric Sourcing strategically partners with financial institutions to streamline the flow of business. We develop a completely customized program utilizing a web-based procurement portal that features a broad spectrum of products and services from a single source – including commercial printing and forms, logo merchandise, office supplies, direct mail, and a fulfillment & distribution system. The program allows customers to gain control of both the hard and soft costs associated with the process of purchasing – ultimately improving their bottom line.

Concentric Sourcing participated in the Missouri Bankers Association’s spring show at Lake of the Ozarks. The women bankers conference had an excellent reception to the company’s program that is focused on financial institutions. Many of the attendees expressed thanks for Concentric’s support and enjoyed learning about ideas to help manage expense items and improve branding efforts. Activity in the booth was brisk with over 300 visitors. Executive Vice President Jim Ruggeri presented the attendance drawing prize, an Apple i-Pod, to one lucky attendee. The show was a great success for Concentric and is reflective of its commitment to the banking industry.

In June, Concentric Sourcing followed up on its momentum from the MBA spring show by participating in the association’s Annual Convention. The show had over 400 attendees and was a great kick-off to the summer. Many bank executives expressed a desire to take control of, and reduce their expenses while they were busy growing their banks. They also were interested in maximizing their marketing efforts with good branding and recognized that they needed help in this area. Concentric gave away two attendance prizes – premium tickets to a Cardinals game and an autographed rookie picture of superstar Cardinals Albert Pujols. Concentric Sourcing continues to support the Missouri Bankers Association and the financial institution industry by participating in the conferences and other events.

Concentric Sourcing continues its expansion with the addition of several key customers. A long-term contract has been signed for a complete logistics program with a major health care provider – including warehousing and distribution of all of the company’s printed materials. In addition, Concentric Sourcing has brought another regional bank on board with a complete web-based program including commercial printing and forms, logo merchandise, office supplies, and a fulfillment & distribution system. Both of these customers have recognized the significant value that the unique program offered by Concentric brings to their organizations.