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Innerworkings, Inc. Acquires Applied Graphics, Inc.

Thursday, October 12, 2006

Press release from the issuing company

Chicago, IL October 11, 2006 - InnerWorkings, Inc., a leading provider of print procurement solutions to corporate clients in the United States, announced today that it has acquired privately-held Applied Graphics, Inc., a leading West Coast provider of print management and print-on-demand services. Through sales offices in California and Hawaii, Applied Graphics' broad service offering includes print-on-demand, commercial printing and marketing solutions. In 2005, Applied Graphics had over 35 sales representatives and generated revenues of approximately $29 million. During this period, Applied Graphics served over 1,000 corporate clients, utilizing a network of over 400 supplier partners. “We believe this acquisition will allow us to continue to grow geographically, acquire sales teams with established client relationships, and broaden our domain expertise into expanded service offerings,” said Steven E. Zuccarini, Chief Executive Officer at InnerWorkings. “With its strong West Coast presence, impressive corporate client base, and web-to-print technology, Applied Graphics is an excellent strategic fit for InnerWorkings.” “We are proud to be a part of the InnerWorkings family,” said Tom Johnson, Founder and Chief Executive Officer of Applied Graphics. “We are confident that InnerWorkings’ technology and proprietary data will be a win-win for the client base and supplier network that we have built over the last 28 years.”




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