CDMS Cadmus Communication (MM)

Graham Lawley Joins Cadmus as Senior Director, Europe RICHMOND, Va., Oct. 24 /PRNewswire-FirstCall/ -- Cadmus Communications Corporation (NASDAQ:CDMS) announced today the hiring of Graham Lawley as senior director, Europe for Cadmus' Publisher Services Group. He will be responsible for promoting and establishing business relationships between Cadmus and UK and European-based professional publishers. Initially, he will be concentrating his time and attention on selling content and editorial services provided by Cadmus' India-based operations, KnowledgeWorks Global Ltd., and web, sheet-fed, and digital print services provided by Cadmus-affiliated print sites in Asia. Mr. Lawley also will assist in strategic activities related to Cadmus' future plans in the UK and Europe. Before joining Cadmus, Mr. Lawley was chief executive of The Charlesworth Group in the UK and was responsible for developing and managing The Charlesworth Group's publisher services activities in China, the UK, and the US. He will report to Robert Kidd, Cadmus' vice-president of Global Content Services, and will reside in the UK. Commenting on this new addition, Bruce Thomas, Cadmus' president and chief executive officer, stated, "The addition of Graham, based in the UK, demonstrates Cadmus' commitment to developing and growing our presence in the UK and Europe. We could not be more pleased at having an executive of Graham's experience and reputation within the scientific, medical, and technical publishing community to help guide and execute our plans in this part of the world." Robert Kidd, vice-president of Global Contents Services adds, "Graham will bring Cadmus the energy, focus, and insight into Europe that we need to be both competitive and successful. I expect Graham's presence will have an immediate and highly positive impact on our current initiatives in the UK, and will allow Cadmus to aggressively and immediately extend its reach in Europe and the UK." "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 and government services markets, (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, (11) our ability to realize the tax benefits associated with certain transactions, and (12) our ability to implement and realize the expected benefits associated with our increased operations in Asia and the business opportunities available to the PeriscopeCadmus joint venture. 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 & 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

Copyright