Bank Revolver Provides Added Layer of Financial Resources on Already Strong Balance Sheet LIVONIA, Mich., Nov. 7 -- Valassis, the leader in marketing services and Connective Media(TM), today announced a new four-year, $125 million revolving credit facility with Standard Federal Bank N.A., a subsidiary of ABN AMRO North America, Inc. Also participating are Comerica Bank, Harris Trust and Savings Bank, a subsidiary of Bank of Montreal, and Fifth Third Bank. The agreement is an unsecured floating rate credit facility that is Eurodollar based. "We are pleased with the pricing, terms and flexibility provided by the new credit facility," commented Executive Vice President and Chief Financial Officer Robert L. Recchia. "This is a testament to our strong franchise and tremendous cash flow." The credit facility will be used for general corporate purposes and replaces the previous $125 million credit facility that expired on October 31, 2002. Currently, there are no borrowings under this credit facility and the company had $66.6 million cash on hand on September 30, 2002.