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Workflow Management Appoints Former Moore Exec, Gary Ampulski as CEO

Friday, March 21, 2003

Press release from the issuing company

PALM BEACH, Fla---March 20, 2003--Workflow Management Inc. one of the nation's leading outsourcers of printed products announced today that Gary W. Ampulski has been appointed President and Chief Executive Officer effective immediately. Mr. Ampulski's selection was the result of a process that started in January of this year, when Chairman Thomas B. D'Agostino, Sr. announced that he was retiring as CEO. Since that time, Board member Gerald F. Mahoney has served as interim CEO. Ampulski brings to the position strong financial performance and hands on experience in printing systems and services. Most recently he served as President and CEO of TAB Products Company, Vernon Hills, Illinois, a publicly held company. There he improved operating results, enhanced the management team, reduced costs and increased shareholder value by more than 175% in less than two years. Prior to leading TAB Products, Ampulski was with Moore Corporation, Ltd. for eight years as President Moore North America, Inc. and President, Moore Business Communications Services. He has also served as managing partner of a venture capital firm and held senior management positions with the Bell & Howell Company (Chicago, IL), Delphax Systems (Toronto, Ont.), Exxon Enterprises, Inc. (New York, NY) and Xerox Corporation (Rochester, NY). A native of Grand Rapids, Michigan, Ampulski holds a B.S., M.S. and PhD. degrees in Physics, all from the University of Michigan. A thorough search led by the Search Committee of the Board of Directors and the executive search firm Heidrick & Struggles, International, involved consideration of a number of outstanding candidates. The Search Committee concluded that Ampulski has the energy, know-how and management experience to lead Workflow's team and achieve the results the Board believes are attainable. Ampulski stated, "I am gratified to be asked to lead the Workflow Management team. This is a good company with a solid business base. Working together, I am confident we can deliver a higher level of value for all our stakeholders." The Search Committee emphasized that Ampulski and the Company will benefit from the exceptional leadership shown by Gerald F. Mahoney, who has served as interim CEO since early in the year. Mr. Mahoney, the former Chairman and CEO of Mail-Well, Inc. joined the Board only last fall. He volunteered to step into the interim CEO position and achieved a smooth transition and instilled confidence in Workflow's customers and employees throughout the United States and Canada. The Company is pleased that Mr. Mahoney plans to remain on the Board and continue to share his considerable industry knowledge and leadership. Mr. Mahoney stated, "I echo Gary's sentiments. This is a solid company with wonderful potential and many competent people. I have enjoyed my role as interim CEO and look forward to working with Gary as he takes over as CEO."




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