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Cenveo Updates Shareholders, Comments on Banta and other possible targets

Tuesday, October 03, 2006

Press release from the issuing company

STAMFORD, Conn., Oct. 2 -- Robert G. Burton, Sr., Chairman and Chief Executive Officer of Cenveo, Inc., today gave shareholders of Cenveo the following update: "As we close the third quarter, we continue to see strength across all of our business units. Our performance this quarter was highlighted by record backlogs in our envelope business and solid operational improvement in our commercial segment. It is clear to me that the benefits of our cost saving initiatives are yielding their desired effect. The strong momentum that we have gained throughout the year is strengthening in the back half. I look forward to sharing with our shareholders all of the company's recent positive successes in more detail on our third quarter conference call on November 9th. "We remain committed to successfully completing the Banta acquisition which we first proposed in August. I believe that our proposal is in the best interests of both companies' respective shareholders and will create a dynamic print powerhouse better able to serve the needs of our customers. We continue to wait for Banta's response to our proposal to acquire Banta for $47 per share. Besides Banta, we currently are evaluating several other strategic acquisition opportunities. As I have previously stated, we will continue to look to grow the company both organically and through thoughtful, strategic acquisitions of quality companies in higher growth sectors of the printing marketplace. "Personally, I am extremely pleased about the progress the Company has made in the year since our management team arrived, and I remain as optimistic about Cenveo's 2006 performance and its long term prospects. As the Company's senior manager and largest individual shareholder, owning approximately 7% of the Company's shares, I remain focused on delivering the type of results that our shareholders expect."

 

 

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