StarrToof Printing Makes Innovative Charitable Donation

Press release from the issuing company

MEMPHIS, Tenn.--May 22, 2003-- McFadden Communications, parent company of StarrToof Printing Company today announced that it has signed an agreement with the Memphis Biotech Foundation and the Memphis Academy of Science and Engineering to provide an innovative charitable bequest of $100,000 over the next five years. Under the agreement, StarrToof has committed to an annual contribution of $20,000 in graphic and printing services to the Foundation and the Academy beginning in 2003. As a result, the Foundation and the Academy have named StarrToof a corporate sponsor, and designated the company a preferred service provider. Steven J. Bares, Ph. D., Foundation and Academy director, said, "We are thrilled that StarrToof printing is donating their time and resources to a project that will benefit the entire Memphis community. This generous contribution will be extremely beneficial to the Foundation as we continue to build the bioscience activities in the Memphis Region." Stillman McFadden, StarrToof president, said, "As Memphis' fourth oldest company, we wanted to make a commitment to two of Memphis' newest and most promising ventures, the Memphis Biotech Foundation and the Memphis Academy of Science and Engineering. We see their efforts as the genesis of an exciting new era in business and civic development in our community, much as the positioning of Memphis as America's distribution center revitalized our economy 20 years ago," McFadden explained. "By publicly committing our resources to these organizations on an extended basis, we are signing on as partners in their admirable effort to make a profound difference in our city. We are delighted to do so, and hope that others will follow suit." The Memphis Biotech Foundation was formed in 2001 to support The University of Tennessee Health Science Center by developing Memphis into an internationally recognized center for biomedical and biotechnology research. It is currently building the processes, organization, infrastructure and partnerships to foster biotechnology initiatives by developing a research park adjacent to The U.T. Health Science Center in the heart of the medical district in Memphis. The Memphis Academy of Science and Engineering is Tennessee's first charter school, targeted to 7th -12th grade students seeking a focused, hands-on science and engineering experience rather than a conventional classroom curriculum. The school, which opens this August, will be Memphis' most integrated effort to fuse the immense academic potential of the local community with world-renowned life science, biotechnology, and engineering companies of the Memphis medical district. StarrToof is the oldest and largest commercial printing company in the mid-South. It offers customers throughout the United States sheet fed and web printing, conventional and digital photography, a full line of electronic pre-press services, foil stamping, embossing and die cutting from two Memphis plants totaling 120,000 square feet. StarrToof currently has 130 employees and has been in continuous operation since 1864.