SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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):
September 10, 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.)
5 Burma Road, Jersey City, New Jersey 07305
(Address of principal executive office) (Zip Code)
Registrant's telephone number including area code: (201) 217-1990
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(Former name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events
On September 10, 1999, Cunningham Graphics International, Inc. (the
"Company") announced the completion of the acquisition of Golden Crane, Inc.
(d/b/a Colorfast Printing, 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
September 10, 1999, related to the completion of the acquisition of
Colorfast Printing, 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: September 16, 1999 By: /s/ Robert M. Okin
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Name: Robert M. Okin
Title: Senior Vice President
and Chief Financial Officer
NEWS RELEASE Contact:Michael Cunningham
FOR IMMEDIATE RELEASE Chairman, CEO
201-217-1990 Ext. 215
Vince Daniels / John Nesbett
Lippert/Heilshorn & Associates
212-838-3777
Cunningham Graphics International Acquires San Francisco Printer
JERSEY CITY, NJ - September 10, 1999 - Cunningham Graphics International,
Inc. (NASDAQ NM: CGII) announced today that it has completed the acquisition of
Colorfast Printing, Inc., a premier commercial sheetfed printer serving the San
Francisco market.
Colorfast Printing is a high quality sheetfed printer which provides
prepress, six color sheetfed printing and bindery to major commercial customers.
Eddie Ngai, the founder of Colorfast Printing, will continue to be responsible
for the overall operations of Colorfast Printing.
In conjunction with the closing of the transaction, the Company appointed
Fred Sojka to the position of Director of Sales and Marketing in the San
Francisco area. Mr. Sojka has over 15 years experience in the publication
departments of major investment banks.
Michael Cunningham, Chairman and Chief Executive Officer of Cunningham
Graphics International, commented, "The acquisition of Colorfast Printing will
allow us to offer significant value to our global clients who need print
distribution in the San Francisco area. Colorfast Printing will become an
integral part of the World Research Link(TM)."
Mr. Cunningham continued, "I am equally pleased with the addition of Fred
Sojka to head up sales and marketing in San Francisco. Fred's vast experience
and managerial expertise will assist us in expanding our west coast operations."
Management expects the acquisition of Colorfast Printing to be accretive to
Cunningham Graphics International's 1999 earnings. Terms of the transaction were
not disclosed.
Eddie Ngai, President of Colorfast Printing, commented, "We are pleased to
join such an outstanding organization and will benefit from being part of a
large and well-run, growth oriented company that has unique distribution and
print capabilities and extensive document management services. Their
considerable financial and managerial resources will allow us to expand services
to our customers and we look forward to our future with Cunningham Graphics."
Colorfast Printing is the Company's ninth acquisition completed this year.
Cunningham Graphics International is a leading provider of graphic
communication services and provides document management 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.
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