HOUSTON, April 12 -- Consolidated Graphics, Inc. announced today that its Board of Directors has initiated a formal process to explore a range of strategic alternatives to enhance shareholder value, including a potential sale or other change of control transaction. The Company has retained UBS Investment Bank to act as its exclusive financial advisor in this process. In making the announcement, the Company stated that there can be no presumption that this process will result in the Company completing any transaction or altering its current strategy for achieving long term growth in sales and profits. The Company does not intend to disclose developments with respect to any outcome of the process unless and until its Board of Directors has approved a specific transaction or otherwise has reached a definitive conclusion.