CLARIFICATION of BW0039, TRADETICKER.Business Editors CLARIFICATION by... Printing News --(BUSINESS WIRE) Printing News had reported in a Business Wire brief that Kodak Polychrome pol·y·chrome adj. 1. Having many or various colors; polychromatic. 2. Made or decorated in many or various colors: polychrome tiles. n. Graphics was undergoing a Chapter 11 debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: . This statement is incorrect. The company announced a reorganization on July 21 to include strategic new investments and an increased focus on key market opportunities, as well as reductions in cost. Kodak Polychrome Graphics, formed in January 1998, originally retained some redundant systems to ensure that customers experienced no disruption in service. Company sales remain robust. Kodak Polychrome Graphics is a market leader in graphic arts films, digital color proofing and conventional and thermal CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. printing plates. The company's Kodak Approval Recipe Color software just won the GATF (Graphic Arts Technical Foundation, Sewickley, PA, www.gain.net) A membership organization for the printing and graphics arts industries. Founded in 1924 as the Lithographic Technical Foundation, GATF supports offset lithography and other mechanical press technologies as well as the 2000 InterTec Technology Award. Printing News apologizes for the error. |
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