Consolidated Graphics: Charles White Resigns, Completes S&S Acquistion
Press release from the issuing company
HOUSTON--June 24, 2002--Consolidated Graphics, Inc. today announced the completion of the acquisition of S&S Graphics, a premier half-web and sheet-fed printing company serving the Baltimore/Washington metropolitan area.
"We continue to see outstanding opportunities to strengthen our market position through acquisitions and recruiting of experienced sales professionals," commented Joe R. Davis, Chairman and Chief Executive Officer. "And while we have not yet seen a substantial improvement in prevailing market conditions, we remain comfortable with our previously stated expectations for the current quarter and are confident about our long-term sales and profit growth prospects as a result of our ability to capitalize on these opportunities."
Consolidated Graphics also announced that Charles F. White, President and Chief Operating Officer, has submitted his resignation effective July 31, 2002. "I greatly appreciate the many valuable contributions Charles has made to the Company and wish him well in the pursuit of his other personal interests," stated Mr. Davis. "At the same time, I am looking forward to working directly with our Group Vice Presidents and individual Company Presidents, while undertaking both an internal and external search for a new Chief Operating Officer."
In addition, Consolidated Graphics announced the launch of its new Web site at www.consolidatedgraphics.com. The new site features enhanced presentation of the Company's operating locations and capabilities and the ability for prospective employees to learn more about career opportunities with the Company.
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