ENGLEWOOD, Colo., Aug. 15 -- Cenveo Inc., one of North America's leading providers of visual communications services, today announced that after careful and thorough review of its strategic alternatives, including expressions of interest from potential transaction partners, Cenveo's Board has concluded that at this time the best alternative to maximize value for all stockholders is to follow the strategic plan of initiatives to reduce operating expenses, streamline management functions and increase top-line revenue growth, now being implemented under the leadership of James R. Malone, Cenveo's newly appointed chief executive officer. In reaching this conclusion the Board noted that the Company has made significant progress on its strategic plan in a short amount of time, particularly in reducing operating costs. The Board also noted that it considered expressions of interest for the Company as a whole and for its various businesses from potential transaction partners of up to but not exceeding nine dollars per share. The Cenveo Board remains open to exploring all value creating alternatives that may be available to Cenveo in the future. "The industry is a consolidating industry and at the right time, the Company plans to be part of that consolidation," said Jim Malone. "I joined Cenveo in June with the commitment to see that Cenveo is restored to profitability," said Mr. Malone. "We have put in place an aggressive strategic plan and I am pleased to say that our plan is working. We have already identified $55 million in annualized cost savings that will be in place by January 1, 2006, which we believe will put us on an EBITDA run rate of $190 million. And, we continue to identify additional areas for improvement. "Cenveo has established considerable momentum in just a short period. All of us look forward to continuing that momentum and doing everything we can to maximize value for our stockholders."