Consolidated Graphics to Acquire Metropolitan Printing of Bloomington, Indiana.HOUSTON--(BUSINESS WIRE)--Aug. 12, 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 the signing of a letter of intent to acquire Metropolitan Printing Service, Inc., a high quality commercial printer located in Bloomington, Indiana Bloomington is a city in south central Indiana. Located about 50 miles southwest of Indianapolis, it is the seat of Monroe County. As of the 2000 U.S. Census, Bloomington had a total population of 69,291, making it the 7th largest city in Indiana. . Tad (Telephone Answering Device) An answering machine. Wilson and Charles Neumeyer, co-owners of Metropolitan Printing, will remain with the company after completion of the transaction. Other terms of the transaction were not disclosed. 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, "Tad Wilson and Charles Neumeyer, together with their employees, built their business by providing customers outstanding quality and service. Over their 30 years in business, this strategy has made them the leading printer in their market. We look forward to helping them build upon this success." Mr. Wilson commented, "We have worked hard earning and maintaining an excellent reputation with our customers. We are pleased to be joining a company that shares our service-orientedphilosophy." Mr. Neumeyer added, "With Consolidated Graphics, we are now positioned to grow our business and utilize their superior resources to improve our operating results." Consolidated Graphics is the fastest growing printing company in 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. . 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 47 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 $555 million. 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. , 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 management 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.
Vice President & Treasurer
(713) 787-0977
or
Betsy Brod/Jonathan Schaffer
Media: Eileen King
Morgen-Walke Associates, Inc.
(212) 850-5600
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