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Flint Ink is not on the auction block

Wednesday, May 18, 2005

Press release from the issuing company

May 18, 2005 – (WhatTheyThink.com) -- Despite vague reporting from an industry newsletter and an item in The New Deal about Flint Ink being for sale, the company says it is not on the “auction block.” “We have always explored and will continue to explore opportunities with respect to consolidation in the ink industry,” said Dave Frescoln, Vice Chairman and CEO of the Ann Arbor, MI-based company, which manufactures inks for conventional, digital and printed electronic applications. “Current over-capacity has put the industry at an economic disadvantage, particularly in the face of significant and ongoing increases in raw materials costs. “We’re looking for opportunities where there are complementary benefits -- either geographic or in product compatibilities -- that will allow us to maintain profitability in spite of rising costs and other challenges facing the ink and printing industries,” he explained.




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