|
Our primary emphasis in promoting the young swimming pool industry
has resulted in a 143% increase in consumer contacts. Our sales
and marketing programs, designed to help grow our customers’ businesses,
increased sales by 21% for participating customers. The continuous
investment in people and technology resulted in improved service
levels, reduced slow moving inventory, and provided better management
disciplines. A highlight of this effort is reflected in what we
have accomplished in our distribution methods. For the 2003 season,
99% of our business will operate on the same software platform.
In addition, we have increased hardware capabilities to enhance
field service levels and reduce the risk of downtime in the event
of a man-made or a natural disaster.
We are fortunate in many respects. The swimming pool industry is
young and provides an attractive value to consumers at virtually
every income level. Our position in the industry is unique and enables
us to provide truly exceptional value to both customers and suppliers.
We have extraordinary employees with a strong desire to serve their
customers and to achieve exceptional results. We are also very privileged
to have the solid foundation provided by those that have come before
us and served the company well for many years.
One such person is Frank St. Romain, who started South Central
Pool Supply in 1980 with the long term vision of becoming a regional
distribution company in the promising swimming pool industry. At
the end of 1993, South Central Pool Supply became the first acquisition
made by SCP Pool Corporation and Frank became SCP’s first president.
In the following five years, SCP established itself as the largest
distributor in the industry. At the end of 1998, Frank retired
from management but continued to serve the Company as a member of
the Board of Directors. Frank has chosen to fully retire effective
with the May 2003 stockholders’ meeting. We are very fortunate for
Frank’s service to SCP and the swimming pool industry. His strong
character, leadership abilities, and business instincts are well
regarded by all who have known him. We wish Frank the very
best as he enjoys his family, his boat, and his many friends.
|