Cenveo Acquires Clixx Direct Marketing Services Inc.
11 Février 2010 - 10:32PM
PR Newswire (US)
STAMFORD, Conn., Feb. 11 /PRNewswire-FirstCall/ -- Cenveo, Inc.
(NYSE: CVO), announced today that the Company, through one of its
subsidiaries, has acquired the assets of Clixx Direct Marketing
Services Inc. ("Clixx".) Clixx is a market leader delivering a full
suite of direct mail, data management, variable imaging and
fulfillment solutions, having served the Canadian and U.S. markets
for over 25 years. The terms of the transaction were not disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070618/CENVEOLOGO)
Robert G. Burton, Sr., Chairman and Chief Executive Officer of
Cenveo, stated: "In today's marketplace we recognize the critical
need to offer our customers the full spectrum of print-related
solutions encompassing print, direct mail, data management, and
distribution. The acquisition of Clixx enhances our full service of
offerings and I am pleased to welcome the Clixx team to the Cenveo
family while also looking forward to working with them. Clixx
complements Cenveo's existing product line offerings and will
create immediate cross-selling opportunities for both companies'
customers. The acquisition of Clixx, with its strong market
reputation and strategic niche product offerings, is an example of
how we intend to grow our company by acquiring leaders in high
growth sectors of the printing industry. We expect this acquisition
to be accretive to earnings." Cenveo (NYSE:CVO), headquartered in
Stamford, Connecticut, is a leader in the management and
distribution of print and related products and solutions. The
Company provides its customers with low-cost alternatives within
its core businesses of labels and forms manufacturing, packaging
and publisher offerings, envelope production, and printing;
supplying one-stop solutions from design through fulfillment.
Cenveo delivers everyday for its customers through a network of
production, fulfillment, content management, and distribution
facilities across the globe. Statements made in this release, other
than those concerning historical financial information, may be
considered "forward-looking statements," which are based upon
current expectations and involve a number of assumptions, risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. In view of such
uncertainties, investors should not place undue reliance on our
forward-looking statements. Such statements speak only as of the
date of this release, and we undertake no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Factors that
could cause actual results to differ materially from management's
expectations include, without limitation: (i) a decline of our
consolidated or individual reporting units operating performance as
a result of the current economic environment could affect the
results of our operations and financial position, including the
impairment of our goodwill and other long-lived assets; (ii) our
substantial indebtedness could impair our financial condition and
prevent us from fulfilling our business obligations; (iii) our
ability to service or refinance our debt; (iv) the terms of our
indebtedness imposing significant restrictions on our operating and
financial flexibility; (v) additional borrowings are available to
us that could further exacerbate our risk exposure from debt; (vi)
our ability to successfully integrate acquisitions; (vii) intense
competition in our industry; (viii) the general absence of
long-term customer agreements in our industry, subjecting our
business to quarterly and cyclical fluctuations; (ix) factors
affecting the U.S. or Canadian postal services impacting demand for
our products; (x) the availability of the Internet and other
electronic media affecting demand for our products; (xi) increases
in paper costs and decreases in its availability; (xii) our labor
relations; (xiii) our compliance with environmental rules and
regulations; and (xiv) our dependence on key management personnel.
This list of factors is not exhaustive, and new factors may emerge
or changes to the foregoing factors may occur that would impact our
business. Additional information regarding these and other factors
can be found in Cenveo, Inc.'s periodic filings with the SEC, which
are available at http://www.cenveo.com/. Inquiries from analysts
and investors should be directed to Robert G. Burton, Jr. at (203)
595-3005. http://www.newscom.com/cgi-bin/prnh/20070618/CENVEOLOGO
http://photoarchive.ap.org/ DATASOURCE: Cenveo, Inc. CONTACT:
Robert G. Burton, Jr. of Cenveo, Inc., +1-203-595-3005 Web Site:
http://www.cenveo.com/
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