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APPLIED GRAPHICS TECHNOLOGIES FINALIZES ACQUISITION OF FLEETWOOD LITHO & LETTER CORPORATION

 NEW YORK, Nov. 15 /PRNewswire/ -- Applied Graphics Technologies (AGT) has completed the acquisition of the assets of Fleetwood Litho & Letter Corporation, a leading pre-press and commercial sheetfed and web printer with offices in New York City and New Jersey. Under the terms of this acquisition, Fleetwood Graphics will operate as a division of AGT.
 For the last eighteen months AGT has implemented an aggressive marketing strategy, focusing on integrating multiple technologies to offer clients a wide range of products and services through one source. The Fleetwood acquisition reflects this strategy and positions AGT as the largest sheetfed printing operation on the East Coast. Additionally, Fleetwood is well-positioned in the financial, fashion and sports industries which strengthens AGT's client base.
 Peter Faucetta, AGT's President and Chief Operating Officer, commented, "This acquisition will be beneficial for all our clients. It will allow Fleetwood's clients wider access to AGT's extensive nationwide networked pre-press capabilities and state-of-the-art technology, including digital imaging services. Additionally, AGT's clients will benefit from Fleetwood's extensive sheetfed and full and half web press capabilities and their manufacturing plant in New Jersey. AGT will continue to be customer focused and provide the highest level of service to our clients."
 AGT is a worldwide provider of integrated graphic communications and is the largest facilities management supplier to the publishing and advertising industries in the United States. AGT has annual sales of more than $200 million with more than 1,700 employees at 14 locations in New York, New Jersey, California, Illinois, Michigan, Colorado, and Washington, D.C. AGT's services include: commercial printing, color separations, black and white services, electronic and conventional retouching, flexo/packaging services, electronic imaging, four-color satellite transmission, digital image management, including Photo CD, recordable CD and image archiving, creative design services, as well as consultancy, training and support of clients' electronic creative production systems.
 -0- 11/15/93
 /CONTACT: Maureen Beirne of Applied Graphics Technologies, 212-727-6301/


CO: Applied Graphics Technologies ST: New York IN: CPR SU: TNM

SH -- NY051 -- 4345 11/15/93 11:09 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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