Big Flower To Acquire Gamma One, Inc.; Digital Premedia Provider Will Increase Laser Tech Division's Presence in New York City and Northeast Markets.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of CITY--(BUSINESS WIRE)--October 14, 1997-- Big Flower Press Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :BGF BGF Black Guerrilla Family (Afro-American prison gang symbol/tattoo) BGF Boursier du Gouvernement Français (French) BGF Black Guerilla Family (gang) BGF Best Guy Friend ) announced today it has signed an agreement to acquire Gamma One, Inc., one of New England's leading digital premedia service companies. Privately-owned, Gamma One is headquartered in North Haven, CT and posted revenues in 1996 of approximately $19 million. Terms of the acquisition were not disclosed. Big Flower President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Edward T. Reilly said: "Gamma One's proprietary digital image database management system, its strategic location, and strong customer base will be valuable additions to Laser Tech's operations and will significantly increase our premedia presence in the New York and New England markets. "Gamma One adds broad state-of-the-art digital premedia services, including digital photography, digital prepress and content management," Reilly continued. "Gamma One's image management programs and facilities management services will also add scope and reach to our existing operations." Big Flower is a leading advertising and marketing services company specializing in advertising insert programs, circulation-building newspaper products, digital image and content management, customized direct mail products and fragrance samplers. For the 12 months ended June 30, 1997, Big Flower's sales were approximately $1.5 billion, pro forma for the recently announced acquisitions of Olwen, a full-service, UK-based direct mail producer; Columbine columbine, in botany columbine (kŏl`əmbīn), any plant of the genus Aquilegia, temperate-zone perennials of the family Ranunculaceae (buttercup family), popular both as wildflowers and as garden flowers. JDS See Java Desktop System. , a leading computer-based management service provider for the broadcast industry; and Riverside County Publishing Company, a leading West Coast-based advertising insert producer. CONTACT: Big Flower Press, New York Nancy Murray 212-521-1606 |
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