CADMUS COMMUNICATIONS ANNOUNCES ACQUISITION OF COLLECTOR'S WORLD OF RACING.RICHMOND, Va.--(BUSINESS WIRE)--July 17, 1995--Cadmus Communications Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. : CDMS CDMS Cryogenic Dark Matter Search CDMS Certified Disability Management Specialist CDMS Certification of Disability Management Specialists CDMS Clinical Data Management System CDMS Climate Data Management System ) today announced that it has acquired Collector's World of Racing, a leading magazine and price guide for racing collectibles, from Na-Tex Publishing, based in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. . James D. Causey Causey is a village in County Durham, in England. It is situated a short distance to the north of Stanley. , president of the Cadmus Publishing Group said, "This acquisition is the latest step in our efforts to grow the Cadmus consumer publishing division. Collector's World of Racing is a perfect fit with our other niche consumer titles and we anticipate that it will experience good growth as NASCAR racing continues to increase in popularity." C. Stephenson Gillispie, Jr., Cadmus chairman 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. added, "Collector's World of Racing is a logical addition to our roster of leading collectibles magazines, including Tuff Stuff and Collect. This acquisition is consistent with our corporate strategy to acquire publications in niche markets which offer good growth and high margins with minimal capital investment." Diane McClure, publisher of Na-Tex, and Chad McClure, president of Na-Tex, will continue as consultants to Cadmus. "We are very excited to be joining forces with the publishers of Tuff Stuff," said the McClures. "Cadmus' resources and reputation as a publisher of authoritative guides for collectors will make it possible for Collector's World of Racing to reach its maximum potential." The terms of the transaction were not disclosed. Headquartered in Richmond, Virginia, Cadmus Communications Corporation is a graphic communications company specializing in printing, marketing, and publishing. CONTACT: Cadmus Communications Corporation, Richmond David E. Bosher, 804/287-5685 |
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