Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: FRIDAY, June 1, 1990 TAG: 9006010273 SECTION: BUSINESS PAGE: A-5 EDITION: METRO SOURCE: Los Angeles Times DATELINE: LENGTH: Short
This week's superpower summit between Presidents Bush and Mikhail Gorbachev triggered what has become a familiar rush of ads. The advertisers range from vodka distillers to sellers of household linens out to capture some of the attention that surrounds these meetings.
During Gorbachev's meeting with President Reagan in December 1987, Parker Pens USA ran $500,000 worth of full-page ads touting the fact that the two leaders used the company's pens to sign a treaty aimed at eliminating intermediate-range nuclear weapons. The ads were topped with the headline, "The pen is mightier than the sword."
"The ads probably help the [product's] visibility, and there is certainly publicity value about it," said Lisa Kovitz, a Stolichnaya vodka spokeswoman.
But even such short-lived ad campaigns can influence sales. After Stolichnaya ads ran during the December 1987 summit, the company's sales jumped 41 percent that month, Kovitz said.
Many ad executives have questioned the long-term value of such ads.
The critics, however, have not stopped companies from spending a lot of money associating themselves with summits.
by CNB