Americana Publishing To Purchase Universal Printing
Press release from the issuing company
ALBUQUERQUE, N.M., Jan. 22 - Americana Publishing says that a Letter of Intent to purchase has been signed with Universal Printing, a multi-media printing operation producing over $7,000,000 in annual sales. The purchase of Universal Printing, Inc. by Americana Publishing, Inc. is proposed to be a stock for stock transaction.
George Lovato, Jr., Chairman of Americana Publishing, Inc. said, "We are on a pace to produce $5-7 million in sales for 2002. The acquisition of Universal Printing, Inc. is not only a real boost to the profit and loss statement and balance sheet performance but a true benefit for Americana Publishing, Inc. with the addition of Universal Printing, Inc.'s management.''
The specific terms of the transaction have not yet been announced but are expected soon.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.