WALNUT CREEK, CA--(Marketwire - December 19, 2007) - American Reprographics Company (NYSE: ARP), the nation's leading provider of reprographics services and
technology, today announced the acquisition of the assets of NGI USA, Inc.
and its subsidiaries, the largest provider of reproduction, document
management and related services in Florida. The acquisition further
strengthens ARC's presence in key markets on the Southeast, and advances
the company's strategy of obtaining a leading position in major
metropolitan areas across the country.
NGI operates eight locations in Tampa, St. Petersburg, Orlando, Ocala, and
Jacksonville, Florida, as well as Atlanta, Georgia. Consistent with
American Reprographics Company's operating philosophy, NGI provides
reprographic equipment and services at their customers' sites, a practice
frequently referred to as "facilities management" or "FMs." Year-end
revenues in 2006 for NGI were approximately $23 million. Terms of the
acquisition were not disclosed.
Martha Korman, Chairman of NGI, said, "During the past 20 years we built
our company from the ground up into a strong, multi-million dollar regional
operation. Joining forces with ARC gives us the ability to take the
business to new heights. We will be able to offer our clients new
technological solutions, as well as provide a more comprehensive,
nationwide service."
"There are tremendous synergies as a result of bringing our companies
together," said Greg Williams, President & COO of NGI. "With the depth of
resources and experience ARC can provide, we will strengthen the leadership
we offer in each of our markets, and provide new career opportunities for
our employees."
"NGI is a great addition to ARC and we are delighted by this acquisition,"
said K. "Suri" Suriyakumar, President and CEO of American Reprographics
Company. "NGI's management is well known in the industry and they have a
reputation for running a very professional organization. We welcome them to
the team and look forward to advancing their progress. The combination of
our existing Florida operations with NGI gives us a very strong presence
throughout the state, and enhances our Southeastern footprint as a whole."
About American Reprographics Company
American Reprographics Company is the leading reprographics company in the
United States providing business-to-business document management technology
and services to the architectural, engineering and construction, or AEC
industries. The Company provides these services to companies in non-AEC
industries, such as technology, financial services, retail, entertainment,
and food and hospitality, which also require sophisticated document
management services. American Reprographics Company provides its core
services through its suite of reprographics technology products, a network
of more than 300 locally-branded reprographics service centers across the
U.S., and on-site at more than 4,000 customer locations. The Company's
service centers are arranged in a hub and satellite structure and are
digitally connected as a cohesive network, allowing the provision of
services both locally and nationally to more than 140,000 active customers.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that fall within the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 regarding future events and the future financial performance of the
Company. Words such as "will," "take the business to new heights" and
"advancing their progress," and similar expressions also identify
forward-looking statements. We wish to caution you that such statements are
only predictions and actual results may differ materially as a result of
risks and uncertainties that pertain to our business. These risks and
uncertainties include, among others:
-- Future downturns in the architectural, engineering and construction
industries could diminish demand for our products and services;
-- Competition in our industry and innovation by our competitors may
hinder our ability to execute our business strategy and maintain our
profitability;
-- Failure to anticipate and adapt to future changes in our industry
could harm our competitive position;
-- Failure to manage our acquisitions, including our inability to
integrate and merge the business operations of the acquired companies, and
failure to retain key personnel and customers of acquired companies could
have a negative effect on our future performance, results of operations and
financial condition;
-- Dependence on certain key vendors for equipment, maintenance services
and supplies, could make us vulnerable to supply shortages and price
fluctuations;
-- Damage or disruption to our facilities, our technology centers, our
vendors or a majority of our customers could impair our ability to
effectively provide our services and may have a significant impact on our
revenues, expenses and financial condition;
-- If we fail to continue to develop and introduce new services
successfully, our competitive positioning and our ability to grow our
business could be harmed.
The foregoing list of risks and uncertainties is illustrative but is by no
means exhaustive. For more information on factors that may affect future
performance, please review our SEC filings, specifically our annual report
on Form 10-K for the year ended December 31, 2006, our final prospectus
supplement dated March 8, 2007, and our quarterly reports on Form 10-Q for
the quarters ended March 31, 2007, June 30, 2007, and September 30, 2007.
These documents contain important risk factors that could cause actual
results to differ materially from those contained in our projections or
forward-looking statements. These forward-looking statements are based on
information as of December 19, 2007, and except as required by law, the
Company undertakes no obligation to update or revise any forward-looking
statements.
Contact Information: Contacts:
David Stickney
VP of Corporate Communications
Phone: 925-949-5100
Email:
David Pasquale
The Ruth Group
Phone: 646-536-7006
Email: