Consolidated Graphics Completes Acquisition of Graphic Communications, Inc. of San Diego.HOUSTON--(BUSINESS WIRE)--June 24, 1998--Consolidated Graphics, Inc. (NYSE NYSE See: New York Stock Exchange :CGX CGX Consolidated Graphics Inc. CGX Meigs Field, Chicago, Illinois (Airport Code) ) today announced that it has completed the acquisition of Graphic Communications, Inc. of San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . Terms of the transaction were not disclosed. Graphic Communications was founded in 1980, and in 1996 became the second independent commercial printing company in the U.S. and the first in the western half of the country to be ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified. John Rush, President of Graphic Communications, will continue to lead the company in his current capacity. Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics Consolidated Graphics (NYSE "CGX") is a national, commercial printing company based in Houston, Texas. Founded in 1985 by Joe R. Davis, the company has grown to over 70 locations across 26 states and is known as the leading sheetfed, web and digital printing company in North , commented, "Graphic Communications ISO certification is indicative of the strength of their management and the quality of their operation. From their location in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Graphic Communications serves a vibrant local market as well as major companies with interests in the Pacific Rim and Mexico." Consolidated Graphics, Inc. is the fastest growing printing company in the United States.A consolidator in a highly fragmented industry, the Company adds value to its acquisitions through managerial and operational expertise, financial strength and economies of scale. Upon completion of pending acquisitions, Consolidated Graphics will have 40 companies nationwide with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues in excess of $400 million. This press release contains forward-looking statements which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance or other expectations implied by these forward-looking statements. Consolidated Graphics' expectations regarding run-rate revenues assume, among other things, completion of pending acquisitions, general economic conditions, continued demand for its product, the availability of raw materials, retention of its key managemen and operating personnel, as well as other factors detailed in Consolidated Graphics' filings with the Securities and Exchange Commission.
CONTACT: Consolidated Graphics, Inc.
Ronald E. Hale, Jr., 713/787-0977
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Morgen-Walke Associates, Inc.
Betsy Brod/Jonathan Schaffer
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Media: Stan Froelich/Eileen King
212/850-5600
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