EXHIBIT 99.1
FOR: Consolidated Graphics, Inc.
CONTACT: Tara Taranto
Consolidated Graphics, Inc.
Investor Relations Manager
(713) 787-0977
Betsy Brod/Karen Pagonis
Media: Steve DiMattia
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS ANNOUNCES NEW SOURCING AGREEMENTS
HOUSTON, TEXAS- October 27, 2000 - Consolidated Graphics, Inc (NYSE:CGX)
today announced that it has signed separate, three-year agreements with xpedx,
its primary paper merchant, and with NetPrint, a group of eleven affiliated,
independent paper merchants.
Consolidated Graphics, with its extensive geographic coverage and wide
range of printing capabilities, has formed these alliances to ensure a
consistent, cost effective supply of paper and paper-related products.
Charles White, President and Chief Operating Officer commented, "These new
alliances, combined with our existing paper mill agreements including Westvaco,
Consolidated Paper, Sappi, International Paper and Wayerhaeuser, will allow
Consolidated Graphics to bring increased value to our customers through improved
pricing and product availability."
Mr. White continued, "Both strategic alliances help to solidify our
national sales initiative by streamlining our supply chain and ensuring the
lowest possible price on paper without regard to geographic limitations. We will
work closely with xpedx and NetPrint to help make the paper distribution and
inventory process as efficient as possible, in turn, passing these efficiencies
and benefits on to our customers."
Consolidated Graphics, Inc is the largest sheet-fed commercial printing
company in the United States. Through its network of locally managed printing
companies in 25 states, the Company produces high-quality, customized printed
materials for a broad customer base that includes many of the most recognized
companies in the country. Consolidated Graphics also offers an extensive and
growing range of digital and Internet-based services and solutions marketed
through CGXmedia. Consolidated Graphics is focused on adding value to its
operating companies by providing financial and operational strengths, management
support and technological advantages associated with a national organization.
For more information, visit the Company's Web site at
www.consolidatedgraphics.com.
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Consolidated Graphics Announces New Sourcing Agreements Page -2-
xpedx, an International Paper company with approximately $7.5 billion in
annual sales, is a customer-driven distributor of printing paper, packaging
supplies and equipment, facility supplies and graphic imaging prepress equipment
and supplies. xpedx delivers customer solutions through 120 wholesale
distribution centers and 175 stores serving retail customers and small printers.
NetPrint is the premier member-owned alliance of independent, regional
printing paper merchants, marketing printing and imaging papers to the
commercial and business printing markets from over 130 local distribution points
throughout North America. NetPrint competes in the national account marketplace
by offering economies of scale derived from the aggregate size of its member
owners while retaining all of the service advantages of being local merchants.
This press release contains 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. Consolidated Graphics' expectations
regarding future sales and profitability assume, among other things, stability
and reasonable growth in the economy and in the demand for its products, the
continued availability of raw materials at affordable prices, retention of its
key management and operating personnel, as well as other factors detailed in
Consolidated Graphics' filings with the Securities and Exchange Commission.
