WALNUT CREEK, CA--(Marketwire - October 31, 2008) - American Reprographics Company (
NYSE:
ARP), the nation's leading provider of reprographics services and
technology, today announced the acquisition of Reprographics Fort Worth,
Inc., a provider of document management, document reproduction, and related
services to the architectural, engineering and construction industry in
Central Texas.
Reprographics Ft. Worth employs 61 people and operates four centralized
service facilities in Ft. Worth, Dallas, Arlington, and Roanoke, Texas. As
with the majority of ARC operating divisions, the 22-year-old firm provides
a range of both conventional and digital reprographic services including
document management and fulfillment, black & white reproduction, and bid
management services. It also operates a related business under the trade
name "Color Solutions" to provide marketing collateral and other specialty
color work to non-construction related businesses. The company reported
sales of $7.3 million in 2007. Terms of the acquisition were not disclosed.
"We've always wanted to associate ourselves with a leader in technology so
this is a perfect match for us," said Kenny Coomes, President of
Reprographics Ft. Worth. "It's just great for our people, too. There are
more opportunities to pursue for our employees by being part of ARC and I
think everyone will benefit from them."
K. "Suri" Suriyakumar, Chairman, President and CEO for American
Reprographics Company said, "Reprographics Ft. Worth is a great addition
for us. It gives us a strong presence in the Ft. Worth area, and supports
our existing operation in Dallas as well. We're looking forward to working
with Kenny and his team."
More information about this acquisition, as well as earnings results for
the third quarter of 2008, will be made on ARC's earnings call scheduled
for 5 p.m. Eastern Standard Time on November 6, 2008.
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., on-site at more than 5,000 customer locations, and through UDS, a
joint-venture company headquartered in Beijing, China. 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," "look forward to" 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:
-- Prolonged volatility in financial markets that result in restrictive
lending conditions for private construction projects and reduce business
activity in the markets in which we operate could have a negative effect on
our results of operations and financial condition;
-- The continued downturn in the architectural, engineering and
construction industries would 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, 2007, and our quarterly
reports on Form 10-Q for the quarters ended March 31, 2008, and June 30,
2008. 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 October 30, 2008, and except as required by law, the
Company undertakes no obligation to update or revise any forward-looking
statements.
Contact Information: Contact:
David Stickney
VP of Corporate Communications
Phone: 925-949-5100
Email: