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Exhibit 99.1
NEWS RELEASE
Contacts:
Formula
Maria Amor or Kelly Hamor
619.234.0345
Formula
Maria Amor or Kelly Hamor
619.234.0345
Vertis Communications
Grace Platon
800.365.8957
Grace Platon
800.365.8957
VERTIS COMMUNICATIONS AND AMERICAN COLOR GRAPHICS
SIGN LETTER OF INTENT TO MERGE
SIGN LETTER OF INTENT TO MERGE
BALTIMORE (July 23, 2007) — Vertis Communications (“Vertis”) and American Color Graphics (“ACG”)
today announced that they have signed a letter of intent to merge the operations of ACG, one of the
largest printing and premedia companies in North America, into Vertis’ nationwide marketing and
printing services platform.
The combined company will be led by Mike DuBose, chairman and CEO of Vertis. Steve Dyott, ACG’s
current CEO, is expected to remain with the combined company to help with the transition and
integration of the two companies. As a result of the merger, the owners of ACG will receive 10
percent of the combined company’s common equity and 8 percent of the mezzanine subordinated notes
of Vertis Holdings. At the closure of the merger, ACG will become a wholly-owned subsidiary of
Vertis.
Mike DuBose, chairman and CEO of Vertis, said, “This acquisition will bring together two industry
leaders and we expect it to be well received by our clients and stakeholders. Our commitment to our
customers’ success will be further enhanced in the combined organization as a result of the
increased talent, financial strength, technology and other resources of a larger Vertis. This
combination will allow us to better address today’s advertising insert and premedia services
marketplace as well as further complement Vertis’ Direct Marketing, Media Services, Technology and
Creative Service businesses.”
He continued, “Vertis will now have a significantly larger footprint to better serve existing and
future clients. We look forward to working with the ACG management team to finalize integration
plans as well as realize improvements in cost efficiencies and further enhancements in product
breadth, innovation and customer service.”
The two privately held companies have complementary service offerings and clients, promoting the
combined organization’s expertise in advertising inserts and premedia services. The merger will
integrate ACG’s eight production facilities, with capabilities in commercial offset and
flexographic printing, as well as six premedia service centers into Vertis. Vertis believes that
the combined company will realize significant synergies as the operations are restructured to
increase operational efficiencies and improve service offerings across the platform and product
lines.
(more)
The following information was filed by Acg Holdings Inc on Tuesday, July 24, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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856710 Quarterly Reports
- 10-Q Quarterly Report February 2008
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10-Q Quarterly Report August 2007
- 10-Q Quarterly Report February 2007
- 10-Q Quarterly Report November 2006
