CDMS Cadmus Communication (MM)

RICHMOND, Va., April 13 /PRNewswire-FirstCall/ -- Cadmus Communications Corporation (NASDAQ:CDMS) today named Peter R. Hanson as Chief Operating Officer of Cadmus' Publisher Services Group, an approximately $350 million segment of Cadmus providing full service content processing, printing, and distribution services to scholarly, special interest, and book publishers. In this role, Mr. Hanson will have day-to-day operational responsibility for Cadmus' content and publications print operations in the United States, India, and Asia and will report to Bruce V. Thomas, Cadmus' President and Chief Executive Officer and Acting President of the Publisher Services Group. "Peter is an experienced executive with vast knowledge of our markets," said Mr. Thomas. "Peter has spent his entire career serving the publications market and will bring a very high level of operational experience and expertise to Cadmus. Particularly as we move toward completion of the comprehensive upgrade of our North American print platform, Peter will help us obtain maximum benefit from our new and much more efficient manufacturing capabilities. I am confident that he will be a strong and welcome addition to our team who will bring passion and enthusiasm for the business in his interactions with both customers and associates." Mr. Hanson, who served most recently as President of Banta Corporation's Publication Group, began his career at Combined Communications Service, where he served in various service and sales roles. In 1990, he joined Banta Corporation as a Regional Vice President of Sales in the Publication Group, was promoted to Group Vice President of Sales & Marketing, and finally was named President of the Publication Group in 2000. During his tenure as President, the Banta Publications Group achieved rapid growth and generated industry-leading margins, despite often difficult market conditions. Also during that time, Mr. Hanson successfully led several significant plant expansions and oversaw numerous and highly successful capital additions and equipment upgrades to Banta's publication print, distribution, and pre-press platforms. Mr. Hanson received a Bachelor of Science from the University of Illinois and currently resides in Chicago. He will be relocating and operate out of Cadmus' corporate headquarters in Richmond, Virginia. "Cadmus ... Serving Education, Science, Health" Cadmus Communications Corporation provides end-to-end, integrated graphic communications services to professional publishers, not-for-profit societies and corporations. Cadmus is the world's largest provider of content management and production services to scientific, technical and medical journal publishers, the fifth largest periodicals printer in North America, and a leading provider of specialty packaging and promotional printing services. Additional information about Cadmus is available at http://www.cadmus.com/. Statements contained in this release relating to Cadmus' future prospects and performance are "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause actual results to differ materially from management's expectations include but are not limited to: (1) the overall economic environment, (2) the equity market performance and interest rate environment, which can impact our pension liability, (3) the impact of price increases for energy and other materials and services affected by higher oil and fuel prices, (4) our ability to grow revenue and market share in the educational market, (5) significant price pressure in the markets in which we compete, (6) the loss of significant customers or the decrease in demand from customers, (7) our ability to continue to obtain improved efficiencies and lower production costs, (8) the financial condition and ability to pay of certain customers, (9) our ability to implement and realize the expected benefits associated with our equipment replacement and consolidation plan, including our ability to successfully complete certain consolidation initiatives and effect other restructuring actions, (10) our ability to operate effectively in markets outside of North America, and (11) our ability to realize the tax benefits associated with certain transactions. Other risk factors are detailed from time to time in our Securities and Exchange Commission filings. The information provided in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements made herein. DATASOURCE: Cadmus Communications Corporation CONTACT: Paul K. Suijk, Senior Vice President and CFO of Cadmus Communications Corporation, +1-804-287-5694 Web site: http://www.cadmus.com/ Company News On-Call: http://www.prnewswire.com/comp/115581.html

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