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):
June 3, 1999
CUNNINGHAM GRAPHICS INTERNATIONAL, INC.
(Exact name of Registrant as specified in Charter)
New Jersey 0-24021 22-3561164
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
629 Grove Street, Jersey City, New Jersey 07310
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(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)
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Item 5. Other Events
On June 3, 1999, Cunningham Graphics International, Inc. (the "Company")
announced the completion of the acquisition of Bengal 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 June 3,
1999, related to the completion of the acquisition of Bengal 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.
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(Registrant)
Dated: June 17, 1999 By: /s/ Robert M. Okin
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Name: Robert M. Okin
Title: Senior Vice President
and Chief Financial Officer
NEWS RELEASE
FOR IMMEDIATE RELEASE Contact: Michael Cunningham
Chairman, CEO
201-217-1990 Ext. 215
Vince Daniels / John Nesbett
Lippert/Heilshorn & Associates
212-838-3777
Cunningham Graphics International Acquires New York Printer
JERSEY CITY, NJ - June 3, 1999 - Cunningham Graphics International, Inc.
(NASDAQ NM: CGII) announced today that it has completed the acquisition of
Bengal Graphics, Inc., a full service commercial printing company located in New
York City, New York.
Bengal Graphics, which is located on "printer's row" on Varick Street in
New York City, is a high quality sheetfed printer which provides high end
digital prepress, six color sheetfed printing, bindery and fulfillment services
to major customers in the New York metropolitan area. Al Nussbaum, the founder
and president of Bengal Graphics will continue to be responsible for the over
all operations of Bengal Graphics.
Michael Cunningham, Chairman and Chief Executive Officer of Cunningham
Graphics International, commented, "The acquisition of Bengal Graphics is very
exciting to me personally. I have known Al Nussbaum for over 15 years and he has
been a mentor of mine and clearly is a `Printer's Printer'. The combination of
our firms will allow us to offer significant value to all our clients, both
technologically and operationally."
Management expects Bengal Graphics' 1999 revenues to be in excess of $6
million and to be accretive to Cunningham Graphics International's 1999
earnings. Terms of the transaction were not disclosed
Al Nussbaum, President of Bengal Graphics, commented "The combination of
Bengal with Cunningham Graphics will allow us to offer our trade clients
enhanced capabilities and services. Utilizing the financial resources of
Cunningham Graphics and their extensive printing and binding equipment
capabilities will allow us to greatly enhance our ability to supply more
complete and comprehensive services to our clients."
Cunningham Graphics International is a leading consolidator in the graphic
communications industry. Bengal Graphics is the Company's fifth 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.
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