Standard Register Sells Its ExpeData(R) Digital Writing Business Unit
23 Abril 2007 - 4:00PM
PR Newswire (US)
DAYTON, Ohio, April 23 /PRNewswire-FirstCall/ -- Standard Register
(NYSE:SR), a leading provider of document and print management
services, today announced that it has sold its digital writing
business unit to Exped LLC, a subsidiary of DoubleDay Acquisitions
II, a Dayton-based investment firm. Terms of the deal will be
disclosed in the company's forthcoming Form 8-K. "This emerging
technology has made great strides. DoubleDay will be an outstanding
owner and is in a position to take this business to the next
level," said Dennis Rediker, Standard Register's president and
chief executive officer. "For us, ultimately, it is about
priorities and we will direct our investment toward our core
document services strategy." "We are excited about our acquisition
of the ExpeData business," said Brian Kohr, chief financial officer
of DoubleDay Acquisitions II. "Digital writing is a technology in
its early stages of adoption. We believe ExpeData has the most
advanced digital writing solution available in the world and a very
strong network of partners to deliver it." ExpeData will remain
headquartered in the Dayton, Ohio area. About Standard Register
Standard Register is a premier document services provider, trusted
by companies to manage the critical documents they need to thrive
in today's competitive climate. Relying on nearly a century of
industry expertise, Lean Six Sigma methodologies and leading
technologies, the company helps organizations increase efficiency,
reduce costs, mitigate risk, grow revenue and meet the challenges
of a changing business landscape. It offers document and label
solutions, technology, consulting and print supply chain services
to help clients manage documents throughout their enterprises. More
information is available at http://www.standardregister.com/. About
ExpeData ExpeData has the most advanced digital writing solution
available in the market. Through its network of channel partners,
print partners and integrators, ExpeData's digital writing solution
is available in both a hosted and enterprise model. It is used by
thousands of mobile and remote workers in healthcare, banking,
insurance, and in trades such as plumbing to capture and interpret
data, immediately and remotely. This data is then sent back
wirelessly to the customers' network for automatic and secure
interpretation. More information on the solution is available at
http://www.expedata.net/. About DoubleDay Acquisitions II DoubleDay
Acquisitions II is a privately-held investment management company
based in Dayton, Ohio. Safe Harbor Statement This report includes
forward-looking statements covered by the Private Securities
Litigation Reform Act of 1995. Because such statements deal with
future events, they are subject to various risks and uncertainties
and actual results for fiscal year 2007 and beyond could differ
materially from the Company's current expectations. Forward-looking
statements are identified by words such as "anticipates,"
"projects," "expects," "plans," "intends," "believes," "estimates,"
"targets," and other similar expressions that indicate trends and
future events. Factors that could cause the Company's results to
differ materially from those expressed in forward-looking
statements include, without limitation, variation in demand and
acceptance of the Company's products and services, the frequency,
magnitude and timing of paper and other raw-material-price changes,
general business and economic conditions beyond the Company's
control, timing of the completion and integration of acquisitions,
the consequences of competitive factors in the marketplace,
cost-containment strategies, and the Company's success in
attracting and retaining key personnel. Additional information
concerning factors that could cause actual results to differ
materially from those projected is contained in the Company's
filing with The Securities and Exchange Commission, including its
report on Form 10-K for the year ended December 31, 2006. The
Company undertakes no obligation to revise or update
forward-looking statements as a result of new information since
these statements may no longer be accurate or timely. DATASOURCE:
Standard Register CONTACT: Media, Lesley Sprigg, +1-937-221-1825, ,
or Investors, Robert J. Cestelli, +1-937-221-1304, , both of
Standard Register Web site: http://www.standardregister.com/
http://www.expedata.net/
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