Exhibit 1
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October 3, 2000
Mr. Joe Baksha
President
Outlook Group Corp.
1180 American Drive
Neenah, Wisconsin 54957-0748
Dear Joe,
As per our recent phone conversation, I strongly believe in the
long-term potential valuation of Outlook Group and have been impressed
with the recent improvements to the financials. The cash flow and
earnings improvements are impressive and should allow the company to
pursue strategic options for continued earnings growth.
As you know, I have been purchasing shares of Outlook in the open
market, when available. I believe the company has great potential, and
I was particularly happy to see that the company's cash flows have been
sufficient to pay down debt, as well as repurchase shares.
I believe that at these levels Outlook's stock is priced attractively
and I recommend additional stock repurchasing by Outlook Group. The
repurchase of shares at these price levels will inure to the benefit of
all of the stockholders It is my intention to continue buying shares of
the company as market conditions allow, and at prices that are deemed
favorable. At this time I have plans to purchase 1.1 million shares in
addition to the number of shares already held by me.
Sincerely,
/s/Ronnie Shemesh
Ronnie Shemesh
Interested Outlook Shareholder
