Cunningham Graphics International Named One Of The Top 50 Fastest Growing Printers For The Fifth Consecutive Year.

JERSEY CITY, NJ--(BUSINESS WIRE)--June 22, 1999--

Cunningham Graphics International, Inc. (NASDAQ NM: CGII) has been named to American Printer Magazine's list of the Top 50 Fastest Growing Printers.

It is the fifth consecutive year Cunningham Graphics International has made the list and is only the second company to achieve this distinction since the Top 50 program inception.

Companies were selected based on sales growth from 1996 to 1998. During that period Cunningham Graphics International was the sixth fastest growing printer with a 129% increase in revenues to $53.1 million, primarily through internal growth. The Company currently has annualized revenues of approximately $100 million.

Michael Cunningham, Chairman and CEO, commented, "We are very pleased with American Printer's recognition of our rapid growth. We have been able to achieve this high level of success through a combination of organic growth, the assimilation of in-plant operations and through strategic acquisitions. We continue to purse our aggressive growth strategy and recently acquired Apollo Limited, the Company's sixth acquisition this year."

Cunningham Graphics International continues to seek complementary operations in the United States, the United Kingdom and other international markets which possess attractive characteristics, including major customers with significant document needs, such as insurance companies, publishing companies and universities. The Company is targeting acquisition candidates with; (i) annual net sales ranging from $3 to $25 million; (ii) attractive growth prospects within their respective markets; (iii) complementary technological capabilities; (iv) opportunities for economies of scale and synergies with existing operations; (v) a solid reputation with established customer relationships; and (vi) an experienced management team.

The Company is also pursuing "tuck-in" acquisitions in the New York metro market as means to expand its existing operations, add product lines and services as well as expand its customer base. Cunningham Graphics International acquired a 150,000 square foot facility in Jersey City, NJ for $5.5 million and is in the process of consolidating its midtown New York and New Jersey operations into one facility.

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, 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.