Cunningham Graphics International Acquires Goldhawk Reprographics Limited.JERSEY CITY, NJ--(BUSINESS WIRE)--April 1, 1999-- Cunningham Graphics International, Inc. (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 NM: CGII CGII Canadian Government Information on the Internet CGII Capital Group International, Inc. ) announced today that it has completed the acquisition of Goldhawk Reprographics Duplicating printed materials using various kinds of printing presses and high-speed copiers. Limited and affiliates ("Goldhawk"), a full service commercial printing company located in London, England. Goldhawk is a high quality graphic communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. which operates three production facilities in London. Services provided by the Company include: graphic design, on demand color digital printing, high speed copying, bubble jet Canon's trade name for its thermal drop on demand inkjet printer technology. The ink is heated, which produces a bubble that expands and ejects the ink out of the nozzle. As the bubble cools, the vacuum created draws fresh ink back into the nozzle. printing, digital archiving, large format multi-color offset printing and complete binding and fulfillment. Goldhawk also offers outsourcing and facility management services. Michael Cunningham Michael Cunningham (born November 6, 1952) is an award-winning American writer, best known for his 1998 novel The Hours, which won the Pulitzer Prize for Fiction and the PEN/Faulkner Award in 1999. , Chairman and Chief Executive Officer of Cunningham Graphics International, commented, "Goldhawk is a high tech printing company in a strong market and has great growth potential. The acquisition of Goldhawk complements our London based division, Roda Print, exceptionally well. This acquisition will diversify our product offerings and allow us to offer our clients complete digital and offset document solutions in the United Kingdom." Management expects Goldhawk's 1999 revenue to be in excess of $6 million and to be accretive to Cunningham Graphics International's 1999 earnings. Terms of the transaction were not disclosed Cunningham Graphics International is a leading consolidator in the graphic communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. . Goldhawk is the Company's fourth acquisition completed this year. Cunningham Graphics International provides time-sensitive graphic communications services and outsourcing solutions to a blue chip client base. The Company currently operates in select international markets through its facilities in the United States, the United Kingdom, Hong Kong, Singapore and Canada. Graphic communication services provided by the company include, digital communications, document management, offset and digital printing, data output, bindery A NetWare file used for security and accounting in the early NetWare 2.x and 3.x versions. The bindery pertained only to the server it resided in and contained the names and passwords of users authorized to log in to that server. , fulfillment and mailing services. This press release may contain 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. Factors which could cause or contribute to such differences include, but are not limited to, continued demand for its services, the availability of raw materials, the impact of competitive services and pricing, risks in technology development, changing economic conditions and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. |
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