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ADVO Once Again Hides Behind Legalities claims Valassis

Friday, September 08, 2006

Press release from the issuing company

LIVONIA, Mich., Sept. 7 -- Valassis Communications, Inc. today made the following statement in response to a news release issued yesterday by ADVO, Inc. regarding Valassis' challenge to ADVO to waive its confidentiality agreement and release to the public the complete version of the lawsuit filed by Valassis: "Valassis fully understands its obligations under its confidentiality agreement with ADVO. This is not about Valassis wanting to litigate in the press instead of the courtroom -- the latter has already commenced. It is about learning the truth. Just as ADVO hid behind strained legal arguments to block Valassis from learning about the true state of ADVO's financial condition, ADVO now refuses to agree to unseal Valassis' complaint. By making selective and incomplete disclosures, ADVO is continuing to withhold the truth from shareholders and the public. What is ADVO hiding?"

 

 

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