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Shenzhen Press Group invests in five Newsliner 90 presses

Press release from the issuing company

October 17th, 2005 – China’s leading newspaper group Shenzhen Press Group in Shenzhen Special Zone, China has signed a contract with Goss International for five Newsliner 90 presses. This is the largest single newspaper web press order by contract amount in the Chinese newspaper industry. The order consists of five Goss double width shaftless Global Newsliner 90 presses with a total of twelve four-high printing towers, five 2:5:5 jaw folders and sixteen Goss CT50P reelstands. The presses can produce up to 90,000 copies per hour with single delivery. They will be equipped with Goss DigiRail digital inking systems for ultimate color quality and minimum waste. The presses will be built in Goss’ ISO 9001 certified factory in Sayama, Japan. Shipment of all four presses is scheduled for the end of 2006. The presses will be installed in a new 40,000 m² printing center being built in the suburbs of Shenzhen City. Shenzhen Press Group is the dominant newspaper publishing and multimedia company in the Southern China region. The Group publishes eight newspapers and four magazines. The flagship newspaper Shenzhen Special Zone Daily is a full color newspaper with 58-84 pages a day, enjoying a circulation of 480,000 copies daily. Its main business paper Shenzhen Economic Daily also has a circulation of over 550,000. Other big titles include Shenzhen Evening News (490,000 copies daily) and The Daily Sunshine (600,000 copies per day). “The new presses will give Shenzhen the latest high-speed newspaper technology and the capacity to continue its growth into the next level. It will provide its readers with the best color, the latest news and simultaneously provide Shenzhen with great economic efficiency, which sets standards for the newspaper industry in China,” stated Seiji Kato, Executive Representative and General Manager of Goss Graphic Systems Japan Corporation, at the contract signing ceremony on September 29, 2005. Due to its versatile design, high efficiency and compact modular structure, the Goss Global Newsliner press has been very popular in the worldwide market, especially in China, Japan and Korea. President of Shenzhen Press Group, Mr. Huang Yang Lue, commented, “We chose Goss Newsliner for its flexibility and also reliable service from Goss. With experience with different press suppliers and press models, we have made the conclusion that Goss is the right choice for us. We are confident that Goss is the ideal partner to help us smoothly transition to our new facility.” Mr. Huang Yang Lue, continued, “The reproduction print quality and reliability of Goss presses gave us confidence to move forward. This project will allow high efficiency and early deadlines to meet our busy production schedules.” Shenzhen Special Zone was the first area in China that was opened to the Western world in the early 1980s. As a leading model for China’s industrial, technology and commercial development, Shenzhen has attracted many enterprises and investments from home and abroad. The city has also become a visitor’s destination with exquisite architecture, rich cultural atmosphere, beautiful environment and great hospitality. Richard Sutis, President of Goss International, summarized, “Shenzhen was the first economic miracle of China. The Shenzhen Press Group has contributed greatly to the creation of this economic and cultural success. Goss has been honored to be a part of Shenzhen’s growth. Evidencing a long-standing partnership, Shenzhen has been a user of Goss brand presses over the past 25 years. We congratulate Shenzhen on this fantastic investment! The investment recognizes the existing growth of Shenzhen Press Group and will be part of the continued economic growth well into the future.”