Luke Judge

Press Release Source: Cenveo, Inc. on Tuesday February 1, 2011, 4:15 pm EST

STAMFORD, Conn., Feb. 1, 2011 /PRNewswire/ — Cenveo, Inc. (NYSE:CVO – News) announced today that it completed its previously announced acquisition of the Envelope Products Group of MeadWestvaco (NYSE:MWV – News). the Envelope Products Group manufactures and distributes envelope products for the billing, financial and direct mail markets and has approximately 900 employees. the combined companies will form the largest, most innovative envelope company in the world.

Robert G. Burton, Sr., Chairman and Chief Executive Officer stated:

“Today marks an important milestone in achieving our goal of significantly enhancing and solidifying our industry leading envelope platform.  This acquisition brings together two industry leaders, both of which have much to offer one another and creates a platform that will truly be the envy of the industry. we are impressed by the degree of synergy that is available and are working to ensure that we combine the best of both organizations. I want to personally welcome the employees of the Envelope Products Group to the Cenveo family.  The acquisition is expected to be accretive to earnings in 2011 and will be deleveraging to our balance sheet.”

Cenveo (NYSE:CVO – News), 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) recent U.S. and global economic conditions have adversely affected us and could continue to do so; (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) a decline of our consolidated or individual reporting units operating performance could result in the impairment of our assets; (viii) our continuing SEC compliance; (ix) intense competition in our industry; (x) the general absence of long-term customer agreements in our industry, subjecting our business to quarterly and cyclical fluctuations; (xi) factors affecting the U.S. postal services impacting demand for our products; (xii) the availability of the Internet and other electronic media affecting demand for our products; (xiii) increases in paper costs and decreases in its availability; (xiv) our labor relations; (xv) our compliance with environmental rules and regulations; and (xvi) 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 cenveo.com.  

Inquiries from analysts and investors should be directed to Robert G. Burton, Jr. at (203) 595-3005.

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By: Dawn Koffler
 

A defining ‘moment of truth’ occurs when after weeks or months of planning you distribute your chosen promotional gifts. This critical juncture in a promotional campaign is sometimes one of the least thought out and can dramatically affect the overall impact intended. Get it right and the benefits are exponentially positive but get it wrong and things can start to go down hill very quickly. There are two fundamental aspects to consider for promotional gifts – packaging and distribution.

Packaging is a fundamental aspect to consider. We all look at promotional items on websites but few consider the impact of packaging. Clients may be environmentally conscious and looking for biodegradable packaging. The type of packaging used will also vary dependant upon the form of the promotional items in question.

The primary role of packaging is to protect a product in transit. This is a fundamental and for promotional gifts this means not just protecting from breakage but also ensure that there is no rubbing or chafing of the imprint. For this reason gifts tend to be bulk packed but with a level of protection that is defined by their fragility and imprint method.

Promotional pens tend to be bulk packed in large polythene bags containing say 150 pieces. These bags are then placed in a wooden box for shipment. The imprint is generally screen-printed and it is highly unlikely that the pens will suffer wear in transit. It is common for gadgets such as USB flash drives and MP3 Players to be individually packed into a polythene bag with a cardboard outer. These are then once again put into a larger box for distribution to the client. This will protect the product in transit and the imprint itself. Electronic items may also be packed with a small hygroscopic bag of crystals to protect them from

moisture. More fragile items such as ceramic mugs may also have moulded polystyrene fitments to protect them. For large weights the packaging may be shrink-wrapped to a pallet and this in itself will require off-loading facilities at the final point of delivery.

Packaging can also have a secondary role – that of reinforcing a brand and marketing message and the promotional campaign itself. Here the packaging may be printed and personalised to add another dimension of expectancy for the recipient. Basically, retail point of sale marketing theory is applied. A classic example would be promotional mice and mouse mats packaged together in a sealed clear cover with a printed cardboard insert. Outer packaging in the form of envelopes and mailers can also be personalised with a logo and marketing message. Even the colour of the packaging can affect the overall impression – brown envelopes tend to infer bills and invoices, where as white seem somehow more official and professional.

Distribution is the delivery of items to a client. This may be done direct or through a third party mailing house. It is more important if using the latter to ensure there is an agreed process for the mailing including all special storage and processing instructions. For example, if supplying confectionery, storage prior to despatch may be an important consideration.

The timing of the distribution is just as critical. If a consumer-orientated campaign then you probably want the goods to arrive for a Saturday morning. If a work-related campaign then a Tuesday or Wednesday is probably better. Within commerce, research shows that Monday and Friday campaigns produce the least impact as most people are preparing for the week or winding down from it. Other important factors to consider include public holidays, potential bad news days, school holidays and religious festivals. Check out a promotional gifts calendar or use the internet to find out what could be happening within a timeframe of say 5-10 days around your planned delivery date.

Product packaging and distribution are therefore key aspects to consider in promotional gifts marketing. The packaging should be designed to ensure the products get safely to the recipients and should reinforce perceived values. Distribution methods and timing are also critical aspects to consider if a campaign is to hit at ‘top of the bounce’.

Dawn Koffler is the MD of Redbows Ltd – one of the UK’s leading promotional gift suppliers. Redbows started in 2005 and has experienced tremendous growth in its internet related activities. As well as running her own business Dawn is a working mum, house renovator, taxi driver, life-coach to 3 wonderful kids and somewhat eccentric husband, and dog trainer. Dawn also writes the Promotional Gifts Blog and provides marketing consultancy and services to an ever growing client base.

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The ongoing world chess championship has its exciting moments.

IT HAS been a week since the start of the world chess championship match between defending champion Viswanathan Anand and his challenger, Veselin Topalov. After all the drama of Anands overland journey from Frankfurt to Sofia, the match was put off for a day and it kicked off last Saturday instead of Friday.

I was a little miffed to learn that the Bulgarian Chess Federation and the match organisers had refused to meet Anand halfway. A lot of reasons were given but I think they were only trying to make it difficult for the world champion. Initially, Anand had requested for a three-day postponement but a one-day postponement would have been reasonable enough.

In the end, it was left to the World Chess Federation (Fide) to find an amicable solution and they decided that the first game would start on Saturday. However, it doesnt seem to be the end of the story because the latest word from Sofia is that Silvio Danailov, who is Topalovs manager, is contemplating suing Fide for the late start.

Of course, he is well within his rights to seek legal redress but I think it also paints him in a bad light. After all, it was no fault of anybody that the volcano in Iceland erupted and caused air traffic chaos in Europe.

Everybody knows that this is a very high-stake match in Bulgaria. All the more reason that if Danailov really wants Topalov to win the world championship title, let him win it fair and square from Anand over the board.

Unfortunately, the match rules stipulate that there should be a rest day after every two games. As the schedule would have it, Monday was a rest day. The players are resting or preparing themselves for more battles ahead, but we chess followers can only wait impatiently for the next day to come.

The only consolation is that the two games have been very exciting and decisive. At the opening ceremony three days earlier, Topalov drew the white envelope, meaning that he would play the first game of this match with the white pieces. That was the first stir of excitement. With the white pieces, we can expect the Bulgarian grandmaster to kick off the match in his aggressive style.

True enough, Topalov was first off the block. He came out fighting and slugging. Remarkably, Anand tried to match him blow for blow. When I was following this game live through the Internet, my first thought was whether both players were playing blitz chess or world championship chess.

For this particular match, they had agreed on a time control of 40 moves in two hours, followed by 20 moves in one hour, and then a final 15 minutes for a play-to-death session. Theres lots of time to think and yet, Topalov and Anand sailed through their first 18 moves in barely 10 minutes.

It was only on the 19th move that Topalov paused long enough to think. Here was where the real battle began. Unfortunately, the game ended early, after another 11 moves. Anand made an uncharacteristic blunder in the game. He made his position more difficult for himself by walking into a piece sacrifice. This is the game:

Veselin Topalov Viswanathan Anand, Game 1

1. d4 Nf6 2. c4 g6 3. Nc3 d5 4. cxd5 Nxd5 5. e4 Nxc3 6. bxc3 Bg7 7. Bc4 c5 8. Ne2 Nc6 9. Be3 O-O 10. O-O Na5 11. Bd3 b6 12. Qd2 e5 13. Bh6 cxd4 14. Bxg7 Kxg7 15. cxd4 exd4 16. Rac1 Qd6 17. f4 f6 18. f5 Qe5 19. Nf4 g5 20. Nh5+ Kg8 21. h4 h6 22. hxg5 hxg5 23. Rf3 Kf7? (Black needs to tread carefully in this position. His knight and one of the rooks are terribly out of play on the queenside and his king is rather exposed. On the other hand, White has good chances on the kingside and theres always a danger of him infiltrating through the c-file. Blacks 23rd move is a blunder and allows a decisive stroke from White. The best resistance may be 23Bd7.) 24. Nxf6 (After this sac, which White played almost immediately, Blacks position is untenable.) 24.Kxf6 25. Rh3 Rg8 26. Rh6+ Kf7 27. Rh7+ Ke8 28. Rcc7 Kd8 29. Bb5 Qxe4 30. Rxc8+ 1-0

People like me watching from afar were shell-shocked. Why was it so easy for Topalov to dismantle Anands game? Has Topalovs preparation been so superior that Anand had no answer? Or, was the Indian grandmaster still suffering from his overland drive?

It was also almost impossible to gauge Anands frame of mind after this loss. Would he brush it aside as an aberration? Certainly, it came as a shock to his system and to his world-wide fan base. Most people would be demoralised to have lost in only 30 moves. However, Anand is made of sterner stuff and he came back with a firm resolve on the next day. In the second game, he gave Topalov no opportunity at all for open tactical play and scored a fine win to level the match at 1-all. Here it is:

Viswanathan Anand Veselin Topalov, Game 2

1. d4 Nf6 2. c4 e6 3. Nf3 d5 4. g3 dxc4 5. Bg2 a6 6. Ne5 c5 7. Na3 cxd4 8. Naxc4 Bc5 9. O-O O-O 10. Bd2 Nd5 11. Rc1 Nd7 12. Nd3 Ba7 13. Ba5 Qe7 14. Qb3 Rb8 15. Qa3 Qxa3 16. bxa3 (Shades of Bobby Fischer. Inspirational. I still remember one of Fischers games with Spassky in 1972 when he willingly saddled himself with a doubled pawn on the h-file. Likewise in this game, Anand accepted the doubled pawns on the a-file. However, in return, he keeps up the pressure on the queenside.) 16.N7f6 17. Nce5 Re8 18. Rc2 b6 19. Bd2 Bb7 20. Rfc1 Rbd8 21. f4 Bb8 22. a4 a5 23. Nc6 Bxc6 24. Rxc6 h5 25. R1c4 Ne3? (This move is considered a mistake. Black showed impatience with the position.) 26. Bxe3 dxe3 27. Bf3 g6 28. Rxb6 Ba7 29. Rb3 Rd4 30. Rc7 Bb8 31. Rc5 Bd6 32. Rxa5 Rc8 33. Kg2 Rc2 34. a3 (At this stage, Black is probably already lost. This unassuming pawn will ultimately decide the game.) 34.Ra2 35. Nb4 Bxb4 36. axb4 Nd5 37. b5 Raxa4 38. Rxa4 Rxa4 39. Bxd5 exd5 40. b6 Ra8 41. b7 (I hope you remember that this was the pawn that was originally on the a2 square) 41.Rb8 42. Kf3 d4 43. Ke4 1-0

Up next

Selangor open

The nations longest-running chess tournament, the 37th Selangor open chess tournament, started yesterday at the Datuk Arthur Tan Chess Centre, Wilayah Complex in Kuala Lumpur, and will continue daily until May 2.

KL rapid grand prix

The Kuala Lumpur Chess Association (KLCA) and Polgar Chess Asia will jointly organise the fourth leg of the KL rapid grand prix on May 8 and 9. Venue: the Royal Selangor Club Card Room at Dataran Merdeka, Kuala Lumpur. Details on KLCA website (klchess.com/)

Perak grand prix

The Manjung leg of the Tan Sri Lee Loy Seng Perak grand prix chess tournament, sponsored by Kuala Lumpur Kepong Bhd, will be played at the SMK Methodist (ACS) in Sitiawan on May 16.

Entries close on May 13. To register, contact Yunus (013-390 8129) or Hamisah (012-500 8723). Details on perakchess.blogspot.com.

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(4 of 4)

Bob Rushlow, a plumber for the Lee County School District, said he has his 30 years of service in but would like to work four more years in DROP, until he’s 67. But he said employees feel squeezed.

“They’re making a lot of people nervous,” Rushlow said. “I’m talking about our police, firefighters, EMS, our county employees. Even our administrators are worried about this thing.”

Retirees worried

The biggest worry among retirees is losing the health-insurance subsidy.

Ida Smith, who retired from the Department of Transportation in 2001, said she was paying $58.10 a month as an active employee, but her premium for family coverage went to $342.86 when she quit. It’s now $1,127.74 and, in May, it rises to $1,184.14 a month.

“What the legislators are doing is pushing more of the retirees to Medicaid, or they do not have any insurance at all,” Smith said. “How can we have a government so (uncompassionate) to allow our retirees to have worked hard in their youth, for 30 or more years, and then to have this type of burden put upon them?”

Former state Rep. Mitch Needelman, R-Melbourne, has organized an Internet link to rally retirees and employees to pressure the Legislature. The retired Florida Marine Patrol officer set up a website -Floridaretiredworkers.com – and came to Tallahassee last week to call on his old House colleagues to reconsider what they are doing.

“Everything they want to do with special-risk retirement and contributions is what they did back in the 1970s, when my paycheck was $401 a month and I was paying 5 percent into retirement,” Needelman said.

But for about 30 years, the Legislature’s annual problem was how to spend new revenue, either from economic growth or occasional tax increases. Now, after years of tax cuts and slumping collections in a bad economy, the belt- tightening is felt all over state government.

Majorca McQueen, a fourth-grade teacher at West Pensacola Elementary School, said “it sounds like they don’t respect what we do.” She said the state is lucky that many in her profession find rewards in places other than their pay envelopes.

“Teachers probably are the most nurturing people out there. We’ll work hard for very little,” McQueen said. “It’s still a great profession; the reward is not monetary. The rewards are satisfaction in what you do.”

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