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Goss International reports sales and earnings growth in 2006

Press release from the issuing company

April 25, 2007 – Goss International recorded a third consecutive year of sales and earnings growth in 2006. Sales of Goss web offset presses, print finishing systems and aftermarket Lifetime Support services totaled $1.14 billion. Pre-tax earnings were $61 million, and each of the company’s worldwide operating entities achieved profitability. “Opportunities to enhance the effectiveness, application range and overall value of web offset printing are extensive,” explains Goss International CEO, Bob Brown. “We are grateful for the chance to work with printers and publishers around the world in pursuing this potential.” Goss International received orders from 46 countries in 2006. “Customers ordered or installed every one of our major press and finishing systems in 2006, demonstrating the value of our diverse portfolio,” according to Brown. Highlights in the newspaper sector included three orders for new Goss Flexible Printing System (FPS) presses and completion of the first installation at Independent News and Media in Northern Ireland. The company also earned key double-width press orders in the North American Market from The New York Times and The Fredericksburg (Virginia) Free Lance-Star. Continued success of Universal and Community presses, along with the introduction of new Magnum press models in four- and eight-page formats, gave Goss International an industry leading share of global single-width press orders. The Goss International facility in Nantes, France shipped more than 700 Universal and Uniliner printing units and folders in 2006. In the commercial web sector, Goss International shipped more than 50 Sunday press printing units equipped with its exclusive combination of Automatic Transfer (AT) and Autoplate technology in 2006, up from a dozen units the previous year. AT technology allows job changes to be completed without stopping a press, reducing waste, downtime and run-length thresholds. Transcontinental in Canada and Stark Druck in Germany were among the printers to commission Goss AT presses in 2006, and installation of two highly automated Sunday 4000 AT press systems began at Cox Target Media in the U.S. The Goss M-600 press remained a world market leader in the 16-page sector, with new orders placed by printing companies in 18 countries. Orders for Goss newspaper inserting systems in the U.S. more than quadrupled in 2006, boosted by demand for shaftless Magnapak packaging systems for high speed and automated zoning of newspaper supplements. Chicago Tribune, the third largest newspaper in the U.S., ordered six Magnapak systems. Goss International also launched new-generation Pacesetter saddlestichers now consistently delivering net productivity in excess of 25,000 books per hour. “We are proud of the market and technology leadership positions the Goss International team has achieved,” explains Brown. “We have created a truly global company with an innovative and comprehensive product and support portfolio that our customers are applying to enhance the value proposition of print.”