Article: MOD-PAC CORP. Net Income Increases 13.9% in Second Quarter 2003.

Business Editors

BUFFALO, N.Y.--(BUSINESS WIRE)--July 23, 2003

MOD-PAC CORP., (NASDAQ: MPAC) a specialized printer and manufacturer of paperboard packaging, today announced results for its second quarter ended June 28, 2003.

MOD-PAC CORP. became a separately traded NASDAQ Company on March 14, 2003, when it was spun-off from Astronics Corporation in a tax-free distribution to the Astronics shareholders on the basis of one share of MOD-PAC capital stock for every two shares of Astronics capital stock. Per share amounts reported here reflect Astronics shares outstanding and common stock equivalents for the periods prior to the distribution ...

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