PALM BEACH, Fla., September 7, 2000 - Workflow Management, Inc. (Nasdaq:WORK), the nation's largest single-source provider and supply chain manager of business printing and office consumables, today announced financial results for the first quarter of fiscal year 2001. Total revenues for the first quarter, ended July 31, 2000, increased 19.7% over the prior year to $141.8 million. Before e-commerce investments, operating income and net income for the quarter were $7.5 million and $2.4 million respectively, compared to $8.2 million and $3.4 million in the prior year. This translated, on a per share basis, to earnings of $0.18 per diluted share for the first quarter, compared to $0.26 per diluted share in the same period last year. Steve Gibson, Workflow Management's Chief Executive Officer and President, commented, "As previously announced, due to weakness in the envelope and direct mail sectors of the print industry, we saw the first quarter of this fiscal year substantially below the performance of one year ago. While it appears that the softness in these sectors may continue, we are encouraged that developments in other Workflow operations will help to fill a good portion of this shortfall – namely, the increased number of iGetSmart system sales that are being recorded in our Integrated Business Services Division, and the bottom line improvements which we expect from the completion of our backroom consolidation efforts.” Mike Schmickle, Workflow Management's Chief Financial Officer, stated, “We previously stated that our investment in Workflow’s e-commerce, iGetSmart.com subsidiary would have an earnings impact of approximately $0.07 per share. At final tally, the total pre-tax investment this quarter was $1.6 million which reduced our after tax earnings per share by $0.07 as expected. In subsequent quarters, we anticipate iGetSmart’s impact to be more favorable to Workflow’s bottom line.” Tom D'Agostino, Sr., Workflow Management's Chairman, commented, "The downturn in the envelope market furthers our dedication to expanding our iGetSmart.com strategy. Connecting clients with the iGetSmart system provides an electronic platform for our “one-stop-shop” approach which reduces much of the vulnerability and pricing pressure that typically occurs with a singular product focus. I’m confident that, as we continue to convert more of our 32,000 clients to become multi-product purchasers utilizing our iGetSmart system, we will see substantial and consistent improvements in our results.”