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Valassis Named to Best Manufacturers List

Friday, July 30, 2004

Press release from the issuing company

LIVONIA, Mich., July 29 -- Valassis, the leading company in marketing services and Connective Media(TM), announced today it was named to IndustryWeek's "50 Best Manufacturing Companies" list. A first-time company to this list, Valassis ranked 50 out of a pool of 500 publicly traded manufacturing companies in the United States. "Valassis continues to invest in the latest operations technology and equipment permitting us to minimize costs and maximize profits," said William F. Hogg, Jr., Executive Vice President of Manufacturing for Valassis. "In addition to the latest hardware and database management tools, these investments include the use of digital workflows, manufacturing equipment upgrades and the addition of several new state-of-the-art printing presses. Even with the latest technology, it's the people who make the difference. As Valassis has continued to grow its business, our operations and manufacturing employees have kept pace by finding innovative ways to improve our processes and workflow." Financial measures over the past three years demonstrating both operational efficiency and market success were considered for this list. Companies were chosen by comparing revenue growth, return on equity (ROE), profit margin, asset turnover, inventory turnover and return on assets (ROA). In addition to the company's recent reporting of $256.8 million in record quarterly revenues, Valassis' annual revenue has steadily increased since the company went public in 1992. According to IndustryWeek, "Every company in IndustryWeek's Top 50 has done more than survive during difficult times. Each has grown through innovation, acquisition or by operating more intelligently and efficiently than its competitors."




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