MAYOR FENTON‘S REPORT FOR 4/29/04

ON APRIL 25^TH GOVERNOR RENDELL ANNOUNCED A $2.05 MILLION

STATE ECONOMIC PACKAGE THAT WILL CREATE 250 NEW JOBS AND

RETAIN 25 AT ACCULOGIX LLC, A PROVIDER OF CLINICAL TRIAL

LABELING, PACKAGING AND LOGISTICAL SERVICES TO THE

PHARMACEUICAL AND BIOPHARMACEUTICAL INDUSTRIES.

ACCULOGIX IN KEYSTONE PARK, BRISTOL TOWNSHIP, WILL EXPAND

ITS CURRENT 40,000 SQ. FT. FACILITY TO 80,000 SQ. FT. TO

ACCOMMODATE TWO NEW AREAS OF GROWTH. THE

COMMONWEALTH IS PROVIDING A FINANCIAL PACKAGE OF $2.05

MILLION TOWARDS THE PROJECT THAT INCLUDES A $500,000

OPPORTUNITY GRANT; $300,000 IN CUSTOMIZED JOB TRAINING; $500,000

IN MACHINERY AND EQUIPMENT LOAN FUNDS; AND $750,000 IN JOB

CREATION TAX CREDITS. ACCULOGIX WILL ALSO BE ELIGIBLE FOR A

$1.75 MILLION PENNSYLVANIA INDUSTRIAL DEVELOPMENT

AUTHORITY LOAN AND IS LOCATED IN THE ENTERPRISE ZONE.

COUNCIL PRESIDENT KAREN LIPSACK ATTENDED THE

ANNOUNCEMENT ALONG WITH TIM BREWER THE PRESIDENT OF THE

COMPANY AND SCOTT MCCARTY THE FOUNDER.