SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 14, 1999
CUNNINGHAM GRAPHICS INTERNATIONAL, INC.
(Exact name of Registrant as specified in Charter)
New Jersey 0-24021 22-3561164
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
629 Grove Street, Jersey City, New Jersey 07310
(Address of principal executive office) (Zip Code)
Registrant's telephone number including area code: (201) 217-1990
(Former name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events
On June 14, 1999, Cunningham Graphics International, Inc. (the "Company")
announced the completion of the acquisition of MVP Graphics, Inc. A copy of the
press release is attached hereto as Exhibit 99.
The attached press release may contain forward-looking information. Readers
are cautioned that such information involves risks and uncertainties, including
the possibility that events may occur which preclude completion of pending or
future acquisitions by the Company.
Item 7. Financial Statements and Exhibits
(a) Exhibit
The following exhibit is filed herewith:
99 Press release of Cunningham Graphics International, Inc. dated July
14, 1999, related to the completion of the acquisition of MVP
Graphics, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Cunningham Graphics International, Inc.
(Registrant)
Dated: August 2, 1999 By: /s/ Robert M. Okin
---------------------------
Name: Robert M. Okin
Title: Senior Vice President
and Chief Financial Officer
NEWS RELEASE
[LOGO]
CUNNINGHAM
GRAPHICS INTERNATIONAL, INC.
NEW YORK o NEW JERSEY o LONDON o HONG KONG
629 Grove Street o Jersey City, New Jersey 07310 o 201/217-1990
CUNNINGHAM GRAPHICS INTERNATIONAL ACQUIRES
LOS ANGELES COUNTY PRINTER
JERSEY CITY, NJ - July 14, 1999 - Cunningham Graphics International, Inc.
(NASDAQ NM: CGII) announced today that it has completed the acquisition of MVP
Graphics, Inc., a premier commercial sheetfed printer located in Santa Fe
Springs, California serving the Los Angeles and Orange County markets.
MVP Graphics is a high quality sheetfed printer which provides prepress,
six color sheetfed printing, bindery and complete in-house die cutting services
to a broad range of commercial and industrial clients. George Chou, Brown Tsui,
Wayne Hsieh and William Shaw, the founders of MVP Graphics, will continue to be
responsible for the day-to-day operations of MVP Graphics.
Michael Cunningham, Chairman and Chief Executive Officer of Cunningham
Graphics International, commented, "The acquisition of MVP Graphics will allow
us to utilize MVP's third shift production capacity to offer significant value
to our global clients who need print distribution on the West Coast. MVP
Graphics will become an integral part of the World Research Link(TM)."
Management expects MVP Graphics' 1999 revenues to be in excess of $7
million and to be accretive to Cunningham Graphics International's 1999
earnings. Terms of the transaction were not disclosed.
George Chou, President of MVP Graphics, commented "The combination of MVP
with Cunningham Graphics will allow us to utilize their financial resources and
expertise to grow our business to the next level which will in turn enhance our
services to our existing clients. The opportunity to join such a successful fast
growing company is very exciting to me and to all of the employees at MVP
Graphics."
Cunningham Graphics International is a leading consolidator in the graphic
communications industry. MVP Graphics is the Company's seventh acquisition
completed this year.
Cunningham Graphics International provides time-sensitive graphic
communications services and outsourcing solutions to a blue chip client base.
The Company currently operates in select international markets through its
facilities in the United States, the United Kingdom, Hong Kong, Singapore and
Canada. Graphic communication services provided by the company include, digital
communications, document management, offset and digital printing, data output,
bindery, fulfillment and mailing services.
This press release may contain forward-looking statements, which involve
known and unknown risks, uncertainties or other factors that could cause actual
results to materially differ from the results, performance or other expectations
implied by these forward-looking statements. Factors which could cause or
contribute to such differences include, but are not limited to, continued demand
for its services, the availability of raw materials, the impact of competitive
services and pricing, risks in technology development, changing economic
conditions and other risk factors detailed in the Company's filings with the
Securities and Exchange Commission.
CONTACT: Gordon Mays Robert M. Okin
Executive Vice President Chief Financial Officer
201-217-1990 Ext. 225 (201) 217-1990 Ext. 305
Vince Daniels / John Nesbett
Lippert / Heilshorn and Associates
(212) 838-3777