Burton Disappointed with Cenveo's Choice of CEO
Burton Capital Management LLC, Greenwich, Conn., said that it's "very disappointed" with Cenveo™ Inc.'s choice of its CEO James R. Malone. Malone was appointed CEO June 27.
In a June 24 letter to Cenveo Chairman Susan Rheney, Robert G. Burton, chairman, CEO and managing member of Burton Capital Management, said: "As Cenveo's largest shareholder, we are very disappointed with your choice of Cenveo's new Chief Executive Officer, particularly given that he does not have any printing industry experience. We believe Cenveo needs a senior manager with direct industry experience and a successful track record in printing, not an individual who will take time (time we believe Cenveo does not have) to get up to speed on the industry. Cenveo shareholders are now left with a company that has both a Chairman and a Chief Executive Officer with no hands-on printing industry experience, a situation we find unacceptable. We find this very troubling given Cenveo's recent financial performance and believe that you have once again failed Cenveo's shareholders. Accordingly, this leaves us no choice but to continue to seek to remove and replace the current board of directors at the special meeting of shareholders to be held in September. We continue to believe this is in the best interests of Cenveo's shareholders."
Earlier, Englewood, Colo.-based Cenveo announced that in response to a request by certain shareholders, it has set Sept. 14 as the date of the special meeting of shareholders. On June 10, Cenveo received a letter from Burton Capital Management, Goodwood Inc., and others, calling for a special meeting of Cenveo's shareholders. In May, Cenveo rejected a proposal from Burton Capital Management that would have resulted in the appointment of Burton as the firm's chairman and CEO.
Attention Manufacturers: Free Bar Code Testing
Auto ID Solutions, Minneapolis, implemented a new policy to improve bar codes in the supply chain. It offers complimentary testing of bar code verification tools. During the previous two fiscal quarters, 76 percent of verifiers received were out of tolerance, the company said. Out of the 76 percent, most reported lower grades than they should. If a bar code verifier is overly critical, it means that printers are producing extra scrap at a time when raw materials are more expensive than ever. Conversely, if the verifier gives passing grades when it shouldn't, companies are exposed to receiving fines or penalties. For more information, call (866)-8-AutoID.
Quality Park, Four51 Renew Agreement
Quality Park, Englewood, Colo., announced that it has renewed its e-commerce agreement with Minneapolis-based software supplier Four51 Inc. The agreement allows Quality Park to use Four 51's technology platform for its distributor customers in exchange for print volume. After two years of successful growth, both companies agreed to continue their relationship.
Ward/Kraft Installs HP Indigo 3050
Ward/Kraft Inc., based in Fort Scott, Kan., began using its new HP Indigo 3050 in full capacity. The upgrade offers faster speed, higher quality digital output and variable capabilities. The company also added additional offline equipment for folding, die cutting, punching, binding and transfer tape applications.
PrintXcel(SM) Updates Education Market Brochure
PrintXcel(SM), a Quality Park brand based in Englewood, Colo., introduced its updated education market brochure featuring forms, labels, promotional products and envelopes for the education market. Designed as a handout, this non-branded piece can be imprinted with the distributorship's name and logo in quantities ranging from 25 to 500.
R.R. Donnelley Launches Project Management Software
R.R. Donnelley & Sons Company, Chicago, launched Pipeline(SM), a set of online project planning and status tracking tools that allow customers to gain greater control over the management of marketing, advertising and publishing projects. It allows customers to define projects, plan workflow and establish timelines and milestones online. Job status on every aspect of the project from creative to photography to final release is constantly and automatically streamed into the customer database, the company said.
Hirschmann Promoted
Diversified Labeling Solutions, Itasca, Ill., announced that Joe Hirschmann has been promoted to general manager of its Reno, Nev., manufacturing facility.
Top 100 Distributors Correction
Data Flow Media Systems LP, Plano, Texas, acquired (rather than merged with) F&E Business Graphics. The information appeared incorrectly in the June issue of Print Solutions. Data Flow Media Systems ranked No. 76 in fiscal 2004 sales and is now an $8 million distributorship.
SOLUTION OF THE WEEK
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Statement Processing Fuels Savings
Carroll Independent Fuel Company in Baltimore provides heating oil and other petroleum products to 30,000 residential and business clients. Several times a month, employees process invoices and statements. "The people that were asked to do that have other duties," says Dan Cahill, vice president of sales for Webb/Mason, a Hunt Valley, Md.-based distributorship. "So their other jobs were put on hold for statement processing."
The task wasn't simple. The statements varied: Some clients wanted bimonthly ones, while others asked for budget statements to spread their payments evenly over 12 months. Also, the laser printer Carroll used to process the statements sometimes malfunctioned, adding days to the cycle, increasing maintenance costs and limiting the fuel company to a generic statement. "They had to design forms around the limitations of their equipment," Cahill says. Full story.
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WHAT'S NEW AT DMIA?
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Print Solutions 2005 Conference and Expo
The nation's premier show for the business printing industry will be held Oct. 18-20 at the Orange County Convention Center, Orlando, Fla. This year, the emphasis is on in-depth training and usable solutions. You will gain the expertise and know-how to do your job better and grow your business, whether you're in management or sales. For details, visit www.printsolutionsshow.com.
Train First
If you have new employees or veterans who need a refresher course on the basics of our industry, check out the Business Printing Curriculum at DMIA's Print University. The courses combine distance learning with residence training, and the results will put your company far ahead of the "do it yourself " training curve. Don't wait! Class size is limited for this once-a-year opportunity held in conjunction with the Print Solutions Conference and Expo in Orlando, Florida, Oct. 18-20. Click here or call Harriet Carter, CDC, at 800-336-4641.
TOP TEN
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Here are this week's top unusual source requests received by DMIA:
- Hand Fans; imprints 1 color; QTY=150M
- Rubber Key Tags; prints 1/1; bleeds one side; QTY=1M
- Braille Cassette Labels; QTY=1M
- Gumball Machine to dispense turtle food and vending machines to dispense chips; QTY=2
- Foil Envelopes; 10" x 13" and 9" x 12"; open end; peel n' seal fastening; QTY=500-1M
- Bottle Glorifiers (to illuminate and display bottles); 4 color logo; battery operated; QTY=5,000
- Thermal Receipt paper with sensor marks for an Opteva 500 ATM; roll is 3.14" wide; 6" diameter; 900 ft.; 4.8" form length
- Large Bells; for sales office use; will ring bells when a new account is established; QTY=5
- IEEE 1284 bi-directional parallel data cable; imprintable; mid to high range quantities
- Integrated Cards; 11" x 17" with full bleeds; 2-up; blank integrated stock; customer will add 4cp and variable imaging; QTY=250M
If you have a source request—for anything—call the Hotline at (800) 333-2828 between 9 a.m. and 5 p.m. Eastern Time, or use the Source Hotline Database online. For new sales ideas every day, try our 1,000 Sales Ideas Database. Manufacturers, if you produce any of these items and would like to check your listing with the Source Hotline, please email Cheryl Rush.
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