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Mail-Well Provides More information about Restructuring Plans

Press release from the issuing company

September 12, 2002 -- (WhatTheyThink.com) -- Mail-Well filed details regarding their restructuring plan this week with the Securities and Exchange Commission. The Associated Press says the company may be headed for another round of plant closings and layoffs. The filing states that Mail-Well will close or sell its New York printing plant, curtail its printing operations in Philadelphia and Seattle and transfer Web presses from Indianapolis and Portland, Oregon, to new locations. The move is a result of lower sales in its commercial printing business. The company discussed the plan in a conference call with analysts recently, but did not provide details. The restructuring plan was approved in August by the company's management.