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A.B.Dick Relocates Press Manufacturing to Rochester

Press release from the issuing company

CHICAGO, IL -- A.B.Dick Company will relocate press manufacturing to Rochester, New York early in 2002. This move is being made to consolidate facilities and resources. More importantly, A.B.Dick will begin to apply digital engineering and manufacturing capabilities to future press development. After the move is complete, the Niles manufacturing facility will be closed. Worldwide headquarters for A.B.Dick will remain in Niles, Illinois. The move is to be completed by the end of March 2002, and will result in a reduction of up to 175 employees worldwide. There will be no interruption in product supply or support during the transition. The relocation is part of a three year strategy to sustain A.B.Dick as the leading supplier to the small commercial and in-plant printer market. Started earlier this year with considerable debt reduction, A.B.Dick continues to improve its balance sheet and technology assets with this move. “Solid financial footing and market responsiveness in creating value for our customers will be the directing compass for A.B.Dick,” said Brian Longe, President and CEO, Paragon Corporate Holdings, Inc. and A.B.Dick Company. “After 118 years of serving the small commercial and in-plant printer, A.B.Dick is now moving into the next generation of providing modern and cost effective solutions to our market,” Mr. Longe continued. A.B.Dick presently operates two manufacturing facilities. Analog presses are produced in the Niles, Illinois plant and the DPM digital direct-to-plate equipment is manufactured in the Rochester, New York facility. The DPM product line has experienced strong growth in sales during the last two years and has been awarded Product of the Year for 2001 by the British Association of Print and Communication. “As printing moves toward digital solutions, A.B.Dick intends to provide affordable and timely transition products for our customers,” said Kenneth Newton, Senior Vice President and Chief Operating Officer-Equipment. “We will continue to manufacture our high quality traditional presses and accelerate our development of digital press solutions. Manufacturing efficiencies combined with common understanding of analog and digital technologies enhance our ability to meet our customers printing needs today and tomorrow,” said Newton. A.B.Dick Company is a leading worldwide supplier to the graphic arts and printing industry, manufacturing and marketing equipment and supplies for all stages of document creation -- prepress, press and post-press --as well as continuing service and support. For more information contact Kenneth D. Newton, Senior Vice President and Chief Operating Officer-Equipment or Brian Longe, President and CEO, 7400 Caldwell Ave., Niles, IL 60714. Telephone (847) 779-1900, fax (847) 647-6940, Web: www.abdick.com.