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Mail-Well Bags Huge Treasury Department Order, Up To 63 Million Rebate Envelopes

Press release from the issuing company

ENGLEWOOD, Colo., July 10 -- Mail-Well, Inc. confirmed today that the Department of the Treasury has ordered over 47 million envelopes for mailing tax rebate checks to taxpayers, with an order for at least 16 million more expected soon, and that Mail-Well expects to deliver all of the envelopes on time or ahead of schedule. Mail-Well's Cleveland and Chicago plants are handling the order, and have already delivered over 23 million of the tax rebate envelopes according to schedule. The remaining 40 million envelopes are scheduled for delivery on various dates through September. Mail-Well expects to meet or beat the agreed upon delivery dates. "We have had an excellent working relationship with the Department of the Treasury over the years, and we are excited for another opportunity to provide them the level of quality, value and service that have made Mail-Well the world's leader in the envelope business,'' said Bob Hart, President of Mail- Well's Envelope Division. The Internal Revenue Service is currently scheduled to mail out the first rebate checks for arrival during the week of July 23rd. The mailings will continue through September, according to a schedule tied to the last two digits of taxpayers' Social Security numbers. The schedule and other information about the tax rebate are available on the web at www.irs.gov/ind_info/apinfo/index.html. Mail-Well specializes in four growing multibillion-dollar market segments in the highly fragmented printing industry: commercial printing, envelopes, labels and printed office products. Mail-Well currently has approximately 15,000 employees and more than 140 printing facilities and numerous sales offices throughout North America and the United Kingdom. Mail-Well reported sales of $2.4 billion in 2000. The company is headquartered in Englewood, Colo.

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