Editions   North America | Europe | Magazine


NAPL Pays Off Mortgage on Headquarters, Freezes Membership Dues

Press release from the issuing company

PARAMUS, NJ, November 8, 2001 – The National Association for Printing Leadership (NAPL) has paid its mortgage in full – and well ahead of schedule – it was announced today. The final payment on the 30-year bank note, which originated in 1998, was made on September 10th, 2001, and a brief and informal “shredding ceremony” was held in early October to mark the landmark event. “The fact that we’ve accomplished an early cancellation of this major debt allows us to concentrate even more fully on the needs of our membership,” said I. Gregg Van Wert, NAPL’s president. “Paying the mortgage on our headquarters in only three and half years is not only a tremendously positive reflection of our financial stability but also indicates our members’ increasingly strong support.” In a related announcement, NAPL’s Board of Directors recently voted to freeze all membership dues for next year, said Mr. Van Wert. “By continuing to provide all pivotal benefits and services, without an increase in cost, we are enabling our corporate members, professional track members and individual members alike to succeed in a challenging economic climate,” he noted. “Just as important, we see this as a one way of contributing to the health of the industry overall.”