Exhibit 99.1
Ennis Business Forms, Inc. Announces Completion of Acquisition of
Shares of Northstar Computer Forms, Inc.
DESOTO, Texas-(BUSINESS WIRE)-June 6, 2000-Ennis Business Forms,
Inc (NYSE:EBF) announced today it has completed its acquisition
of the outstanding stock of Minneapolis-based Northstar Computer
Forms, Inc.
Northstar Computer Forms designs, manufactures and markets
printed forms with an emphasis on machine-readable MICR (Magnetic
Ink Character Recognition) printing. Northstar's two business
concentrations are custom business/negotiable forms and internal
bank forms.
Northstar becomes a wholly-owned subsidiary and will operate as
the Financial Solutions Group within Ennis. Northstar's
President, Ken Overstreet, has been appointed the President of
the Group and will lead it with the support of the Northstar
management team.
Keith S. Walters, Chairman, President and Chief Executive Officer
of Ennis commented, "We are pleased to have the acquisition of
Northstar completed and that the Northstar management will
continue to operate this successful business. Northstar's
products complement our strategy of broadening our distributor
channel offering."
Ennis Business Forms, Inc., is one of the largest private-label
printed business product suppliers in the United States.
Headquartered in DeSoto, Texas, the Company has 30 production
facilities located in 14 states, strategically located to serve
the Company's national network of distributors. Ennis offers an
extensive product line from simple to complex forms, laser cut-
sheets, negotiable documents, internal bank forms, tags, labels,
presentation folders, commercial printing, advertising
specialties, screen printed products, and point-of-purchase
display advertising that can be custom designed to customer
needs. In addition, Ennis maintains highly proficient regional
Customer Sales Centers to support distributors in their business
efforts.
This press release contains forward-looking statements which
involve known and unknown risks, uncertainties and other factors
that could cause actual results to materially differ from the
results, performance or other expectations implied by these
forward-looking statements. Ennis' expectations regarding run-
rate revenues assume, among other things, completion of the
pending acquisition, general economic conditions, continued
demand for its product, the availability of raw materials,
retention of its key management and operating personnel, as well
as other factors detailed in Ennis' fillings with the Securities
and Exchange Commission.
CONTACT: Ennis Business Forms, Inc., DeSoto
Keith S. Walters, 800/752-5386
