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Roy Grossman Named Chief Executive Officer of Sandy Alexander, Inc.

Press release from the issuing company

Clifton, NJ - July 15, 2002 -- Sandy Alexander, Inc., the country’s largest independent high-quality commercial printing company, announced today that the Board of Directors has named Roy Grossman, 50, Sandy Alexander’s Chief Executive Officer, effective January 1, 2003. Frank Stillo will remain with the company as Chairman of the Board, and will focus on strategic initiatives for the company. Mr. Grossman most recently has been President of Sandy Alexander, having been named to the position in 1995. Mr. Grossman will also continue to serve on the board of directors. "Roy has been working along side me for the past ten years. He has an in-depth understanding of our industry and knows what it takes to lead this company and continue its path of success," said Mr. Stillo. According to Mr. Grossman, "While the state of the economy has been quite challenging over the past two years, Sandy Alexander is one of the preeminent brand names in the graphic communications industry. In spite of the current softness in advertising and marketing support levels throughout the business community, we have actually been able to increase our capacity [with the addition of the only eight color web in the east,] expand our sales organization, and continue to actively pursue strategic business acquisitions. We are well positioned to capitalize on the opportunities ahead." Mr. Grossman began his professional career in 1974 with the Procter and Gamble Company, after graduating Bucknell University. He entered P&G as a sales associate, and was promoted to the position of unit sales manager. In 1991, Mr. Grossman joined Sandy Alexander as a managing director.