EXHIBIT (a)(1)(I)
JUNE 27, 2000
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT:
DANIEL M. JUNIUS OR
TIMOTHY D. ALTHOF AT (978) 448-6111 (NEBS)
OR
JAMES S. BURY AT 612-979-1700 (PREMIUMWEAR)
NEW ENGLAND BUSINESS SERVICE, INC. RECEIVES NOTICE OF
EARLY TERMINATION OF HART-SCOTT-RODINO WAITING PERIOD
APPLICABLE TO ITS PROPOSAL TO PURCHASE OUTSTANDING
SHARES OF PREMIUMWEAR, INC.
GROTON, MA - June 27, 2000 - New England Business Service, Inc. (NYSE: NEB)
today announced that it has received notice from the Federal Trade
Commission that early termination of all waiting periods under the
Hart-Scott-Rodino Antitrust Improvements Act applicable to its proposal to
acquire the outstanding public shares of PremiumWear, Inc. (NASDAQ: WEAR)
has been granted.
As previously announced, NEBS, through a wholly owned subsidiary, has
offered to acquire all of the outstanding shares of PremiumWear common
stock for $13.50 per share in cash. The tender offer is scheduled to expire
on Friday, July 7, 2000, unless extended.
New England Business Service, Inc. is a leading business-to-business
provider with 2.5 million active small business customers in the United
States, Canada, the United Kingdom and France. NEBS supplies a wide variety
of business products and services which are marketed through direct mail,
telesales, a direct sales force, dealers and the Internet. More information
about New England Business Service, Inc. is available at its Web site at
http://www.nebs.com.
