Valassis' Proposed Acquisition of ADVO Receives Regulatory Clearance

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Valassis' Proposed Acquisition of ADVO Receives Regulatory Clearance

Thursday, August 17, 2006

Press release from the issuing company

LIVONIA, Mich., Aug. 16 -- Valassis, the leading company in marketing services and Connective Media, and ADVO, the nation's leading direct mail media company, announced today that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the previously announced agreement to acquire ADVO by Valassis. The consummation of the acquisition is subject to approval by ADVO's shareholders and other customary closing conditions.

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