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Jet Soars Forward under New Corporate Structure, Owner

Wednesday, March 03, 2004

Press release from the issuing company

Downers Grove, IL (March 2, 2004) – As one of Chicago's leading custom printers and plastic card manufacturers, we are proud to announce a change in corporate ownership. President George Bogdanovic became majority shareholder after purchasing all interests owned by the family of company founder Fred Dominick. George’s consolidating move follows two years of breakthrough achievements. We are named among the nation’s top card manufacturers in 2002, and the company received the highest level, “Best of the Best”, recognition in the 2003 Best Workplace in America competition. In addition, we opened both a Cleveland, Ohio and Sacramento, CA sales office, and were awarded a certificate of merit for demonstrating superior teamwork in creating the 2003 American Red Cross of Greater Chicago calendar. “My new position will allow us to build on successes such as these by creating a more streamlined and efficient management structure,” Bogdanovic said. “It will also enhance our ability to respond rapidly to changing technology and marketplace conditions. At the same time, the company will continue to benefit from the expertise and commitment of its skilled, longtime trades people and consultants.” Fred Dominick founded Jet Lithocolor in 1947. George came aboard in 1960 and became a shareholder in 1969. Dominick's son, Philip Dominick, later joined him in the business. The company, recently re-branded as Jet, has expanded over the years from a storefront operation to more than 100,000 square feet of state-of-the-art facilities that include an electronic prepress, sheetfed presses and UV printing equipment. With finishing, lamination, card production and fulfillment services, we project $34M in sales for 2004, as we add new digital technology and expand our fulfillment capabilities. George serves on the board of the Printing Industry of Illinois and Valley Industrial Association. In addition to his leadership role in the printing industry, George is a community leader and supports local philanthropy like the Fairygodmother Foundation.

 

 

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