News

August 22, 2003

NASHVILLE, TENNESSEE  -  "Quality Systems, Inc. (QSI) is pleased to announce the opening of its new, world class PermaCrete headquarters facilities on 3+ acres at 1101 Menzler Road, Nashville, Tennessee", said George A. Henderson, President and Chief Executive Officer of the company which manufactures the products.

The property, which was purchased separately by Henderson with financing arranged by Merrill Lynch received an elaborate buildout in the main facility's 50,000+ sq.ft. building that features a state-of-the-art product testing laboratory, automated production facilities, finely-appointed corporate offices, specialized Product Demonstration rooms, a well-equipped employee fitness center, and a distinctive executive dining room, among many other features.

"By funding the entire buildout of over one million dollars with corporate cash flow, QSI continues its history of no long-term corporate debt which only strengthens us for the future as our existing Dealer base approaches 1,000 Dealers and we proceed ahead to achieve a dominant position in the enormous worldwide coatings and resurfacing market. We expect to continue our significant growth of 30%-40% per year for the next five year period", stated Henderson.

PermaCrete products have gained global recognition in the past thirteen years as a premium concrete resurfacing material that's used in the homebuilding industry as well as for vehicular and pedestrian traffic areas, even including interstate highway bridges and airport runway surfaces.

As an acrylic polymer cement compound of over 6,000 PSI compressive strength, PermaCrete is applied over concrete, masonry, aggregate, foam and steel, and provides an architectural surface of unusual strength and flexibility with twice the overall strength and endurance as that of standard concrete. It's extremely resistant to stains from oil, mildew, salt or water as well as to industrial chemicals, and equally withstands freeze-thaw cycles, intense heat and ultraviolet sunrays. Its sealed and non-porous surface, available in virtually any color or design, provides easy maintenance with normal household detergents.