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Workflow Management Merger Cash Increased to $5.56 Per Share

Friday, April 09, 2004

Press release from the issuing company

PALM BEACH, Fla.--April 8, 2004-- Workflow Management Inc. announced today that WF Holdings, Inc., an entity formed and controlled by Perseus, L.L.C. and The Renaissance Group, LLC, has agreed to increase the cash amount to be paid for shares of Workflow common stock from $5.375 per share to $5.56 per share. WF Holdings and Workflow have further amended their Merger Agreement, dated January 30, 2004, as amended, to provide for the increased merger consideration. A special meeting of stockholders to vote upon the merger transaction with WF Holdings had been scheduled for 10:00 a.m., EDT on April 9, 2004. In order to allow Workflow stockholders additional time to consider the increased merger consideration, the meeting has been postponed to 5:00 p.m., EDT on April 9, 2004, at the Hilton Palm Beach Airport, 150 Australian Avenue, West Palm Beach, Florida, 33406. The Company does not anticipate any further postponements of the special meeting.

 

 

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