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City of New York Awards Envelope Contract to Workflow Management, Inc.


Business Editors

PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 20, 2000

3-Year Contract Expected to Deliver

Approximately $4.5 Million in Revenues

Workflow Management, Inc. (Nasdaq:WORK), a leading outsourcer of print and office products and supply chain management services, announced today that its Fulfillment ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 Division has been awarded a 3-year envelope contract with the City of 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
.

Under the terms of the contract, Workflow Management will be a major supplier of white envelopes to the City of New York. The 3-year contract, effective November 1, 2000, is expected to yield approximately $4.5 million in revenues for Workflow Management.

Steve Gibson, Co-President of Workflow Management, commented, "With the envelope market as competitive as it has been, it's gratifying grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 to see Workflow continue to land significant clients like the City of New York. I consider single product contracts to be Workflow's entree into customers who would greatly benefit from our entire product offering, as well as the iGetSmart(TM) electronic supply chain management and virtual fulfillment system. With that perspective, contracts like this represent the foundation of greater things to come. We look forward to serving the City of New York."

About Workflow Management, Inc.

Serving over 32,000 businesses throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Workflow Management, Inc. is an outsourcer of business products and services. Through the innovative electronic outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  and facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises.  system, iGetSmart(TM), Workflow's customers realize time and cost savings by outsourcing much of the non-core operations typically associated with the purchasing, management and fulfillment of print, office consumables and a variety of other core and non-core business products.

Workflow Management has integrated business service operations and fulfillment centers located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Canada, with more than 3,000 employees. Its client roster includes businesses that range in size from small and home offices to large and multi-national corporations like AT&T, Grainger, Dreyfus Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 Corporation, Corning, Aetna, Veryfine Products, Brookstone Company and Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. .

This press release contains "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
," within the meaning of federal securities laws, that involve risks and uncertainties. All statements herein, other than those consisting solely of historical facts, that address activities, events or developments that the company expects or anticipates will or may occur in the future, including such things as business strategy, measures to implement strategy, competitive strengths, goals, references to future success and other events, may be forward-looking statements. Statements herein are based on certain assumptions and analyses by the company in light of its experience and its perception of historical trends, current conditions and potential future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results, events and developments will conform with the company's expectations is subject to a number of risks and uncertainties and important factors could cause actual results, events and developments to differ materially from those referenced in, contemplated by or underlying any forward-looking statements herein, including, among others, the company's ability to integrate acquired businesses into its existing operations, the continued development and viability of the company's operations, the company's ability to manage its growth, the impact of industry and economic conditions, competition and other factors, many of which are beyond the control of the company. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language set forth in the company's most recent Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 report and other documents filed with the Securities and Exchange Commission, and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 20, 2000
Words:588
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