SOURCE: Ace Marketing & Promotions, Inc.

March 06, 2007 11:08 ET

Ace Marketing & Promotions, Inc. Signs Agreement With Aon Consulting to Build a National Sales Force

VALLEY STREAM, NY -- (MARKET WIRE) -- March 6, 2007 -- Ace Marketing & Promotions, Inc. (OTCBB: AMKT) announces an agreement with Aon Consulting, a division of Aon Corporation, whereby Aon agrees to recruit 50 additional salespeople for Ace over the next 12 months.

Aon is seeking to implement a targeted national recruiting campaign to help Ace Marketing attract top producing industry experienced sales talent, each generating at least $400,000 in annual revenue. Upon Aon fulfilling this agreement, Ace expects additional revenues of at least $20 million.

Paul Pickard, top industry consultant for Ace, stated, "No company in the industry has ever done such an aggressive, national recruiting effort with a company like Aon before. This will bring on some top industry talent. Bringing an established book of business, either through acquisition or recruiting is a great way to grow. With this deal and the previously announced acquisition, Ace is doing both."

Michael Trepeta, President of Ace, stated, "We are very pleased to team up with Aon in our effort to build a national sales force. The Aon team will develop a creative professional recruiting campaign that will deliver the consistent message to salespeople in our industry that Ace is going to be an employer of choice in the promotional products industry for years to come. We have spent several years on technology advancements that have broken down any barriers that may have existed in aggressively developing a national sales force. These improvements allow us to offer tremendous financial opportunities and superior operational support to sales professionals in any part of the country or half way around the world. I believe that partnering with Aon is now the last piece to building the sales force that will help drive our business to premier status in the industry."

Pat Tomlinson, Senior Vice President and National Practice Leader for Aon's Recruitment Process Outsourcing business, stated, "Aon Consulting is very excited about the opportunity to help a company as energetic and committed to growth as Ace Marketing with their expansion strategy. We have collaborated to jointly develop a solution that combines Ace's expertise of the industry and our nationwide recruitment experience that we are confident will help Ace Marketing achieve their goal of becoming a leading employer and significant player in the promotional products industry."

Aon Corporation (www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

INTRODUCING ACE

Ace is a full service advertising specialties and promotional products company that distributes items typically with logos to large corporations, schools and universities, financial institutions and not-for-profit organizations. Specific categories of promotional products include advertising specialties, business gifts, incentives and awards, and premiums.

For additional information, a copy of Ace's SEC filings can be obtained on the Internet by going to www.acemarketing.net, clicking on links and then clicking on SEC Filings.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel. There can be no assurances that stated expectations can or will be achieved.

Contact Information

  • Contact:

    Ace Marketing & Promotions, Inc.
    Michael Trepeta
    President
    516-256-7766