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DMIA's Award-Winning E-Mail Newsletter for Members Only May 27,
2005
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Open this issue in your browser: http://www.dmia.org/sol_center/enewsletter/05may27.html
NEWS
Rejected Again, Burton Calls Cenveo Meeting a
'Sham' <http://www.cenveo.com> Cenveo Inc.,
Englewood, Colo., again rejected a proposal from <http://www.burtonmg.com> Burton Capital
Management LLC, Greenwich, Conn., that would have resulted in the appointment of
Robert G. Burton as the firm's chairman and CEO, according to <http://www.burtonmg.com/news/052505.asp>
this letter Burton wrote May 25 to Cenveo Interim Chairman Susan O. Rheney.
According to the letter, Burton met May 6 with Rheney, Cenveo board member
Jerry Pickholz, and legal and financial advisors, to give an hour-long
presentation about his company's plan to increase Cenveo's shareholder value.
"We were very disappointed in being turned down again by your board," Burton
said in the letter. He said no Cenveo board member asked a question during the
presentation and that his company believes Cenveo "met with us solely in an
attempt to preclude a future claim that you refused to meet with us. We now feel
that our meeting was a sham." He continued: "Your illusory offer for us to
'participate' in a process that is undefined as to its timing and potential
outcome, and to require us to sign a confidentiality agreement that we believe
would prevent us from fully communicating with Cenveo's shareholders, is
completely unacceptable."
Burton Capital Management (BCM) and individual members of its group are
Cenveo's largest shareholders, owning 5,396,234 shares of its common stock. In
April, BCM increased its ownership in Cenveo from 9.6 percent to approximately
10.8 percent of outstanding common stock. That move came after <http://www.cenveo.com/media/05Releases/040805Burton.pdf>
Cenveo responded to this <http://www.burtonmg.com/news/040705_letter.asp>
letter from Burton, in which he outlines the history of BCM's attempt to acquire
and run Cenveo.
Cenveo repeatedly has said it's seeking "strategic alternatives" to improve
shareholder value, including selling the company. According to Burton's May 25
letter, an investor group that Cenveo had solicited called Burton to gauge
his interest in managing Cenveo if the investor group bought it. "We expect to
receive other such calls as you solicit interest from financial buyers and
others with no printing industry experience," Burton said in the letter. He
added: "We feel the only way to resolve these shareholder issues is the American
way—with a vote. In the very near future you will receive a request from our
group for a special meeting of shareholders to remove the existing directors and
nominate a slate of directors who will affirmatively act in the best interests
of Cenveo's shareholders."
Prior to BCM's inception in January 2004, Burton was chairman, president and
CEO of Moore Corporation Ltd. from 2000-2002, during which he cut operating
costs by $150 million and increased Moore's stock price from a low of $2.50 to a
high of $14.45 per share. Previously, he was chairman, president and CEO of
World Color Press Inc., where he led its merger with Quebecor Printing
Inc.
Champion Industries Reports 2Q Loss <http://www.champion-industries.com>
Champion Industries Inc., Huntington, W. Va., reported a loss of $97,000 in the
second quarter, compared with net income of $161,000 a year earlier. Champion
said its results were due to charges and associated expenses for various legal
issues, including the settlement of a Mississippi lawsuit and accruals totaling
$777,000. Revenue increased 10 percent to $33.6 million.
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Boise Increases Pressure Sensitive Paper
Production <http://www.bc.com>
Boise Paper, a business segment of Boise Cascade Company, Boise, Idaho,
announced that it expects to increase pressure sensitive paper production by an
additional 50,000 tons to more than 150,000 tons by the end of 2006.
Additionally, the company launched a strategic review to determine the best
means of expanding pressure sensitive production to meet customers' demand
beyond 2006.
Standard Register Introduces Software <http://www.standardregister.com>
Standard Register, Dayton, Ohio, unveiled the full scope of its Managed Services
enterprise suite. The company said it addresses customers' document requirements
from desktop printing and content management to print facilities management and
distribution services, and commercial print. The software considers supply-chain
and lifecycle expenditures to maximize efficiency and cost savings.
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Talk to Meredith, Gretchen Do you have questions or
comments for Meredith R. Smith Jr., CAE, and his wife, Gretchen, the stars of
the CBS-TV reality show "The Amazing Race?" They'll be featured speakers at
<http://www.printsolutionsshow.com>
DMIA's Print Solutions Conference and Expo, Oct. 18-20 in Orlando, Fla. Send
email to <mailto:mrsmithjr@printsolutionsmag.com>
mrsmithjr@printsolutionsmag.com.
Many DMIA members know "R" Smith from his days as executive vice president of
the National Business Forms Association, which today is DMIA. In 1963, Smith
became the first full-time staff member of NBFA. He began many of the products
and services offered by the association today, and retired in 1991. He also
hired his successor, Peter L. Colaianni, CAE, executive vice president of
DMIA.
Colaianni suggested that the Smiths come to Orlando and tell conference
attendees about their experiences on the 2-time Emmy-winning reality show. The
race started with 11 couples competing for the $1 million prize, and Uchenna and
Joyce Agu won. Meredith and Gretchen were the oldest (Meredith is 69; Gretchen
is 65) to compete in any of the show's seven seasons, and they have become
famous for their tenacity and resourcefulness.
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Print Solutions For Health Care - FormStore
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PEAK Deadline extended to June 3 <http://www.printsolutionsmag.com/peak.html>
We've had enough phone calls to know that many of you are scrambling to put
together your PEAK Awards entries. Therefore, to allow everyone to enjoy the
3-day Memorial Day Weekend, the PEAK Awards deadline is hereby extended to
Friday, June 3. Your entry must be postmarked by that date. For complete details
on the PEAK Awards competition, <http://www.printsolutionsmag.com/peak.html>
click here.
Top 100 Manufacturers Clarification <http://www.maggio.com> Maggio Data Forms
Printing Ltd., Hauppauge, N.Y., reported fiscal 2004 sales of $29,566,933.50,
ranking the firm No. 30 on Print Solutions list of Top 100 Manufacturers.
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SOLUTION OF THE WEEK
Stamping Design Sensibility on Membership Cards When the
Akron Teachers Credit Union changed its name to the Towpath Credit Union, it
turned to Alliance Plastics Company, Ferndale, Mich., to supply new membership
cards for its members in northeast Ohio. Alliance Plastics Company offers
plastic cards and promotional products to retailers, insurance providers,
hotels, libraries, banks and labor/trade unions. <http://www.dmia.org/sol_center/enewsletter/enews_articles/sow052705.html>
Full story.
Have a solution? <http://www.printsolutionsmag.com/dmia/ewklysow.html>
Click here to be featured in Solution of the Week
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WHAT'S NEW AT DMIA?
TRADEMarts The industry is moving faster than ever,
and DMIA's TRADEMarts make it easy and convenient to stay updated. Attending a
TRADEMart is your best chance to take advantage of the product innovations and
dynamic ideas that are hitting the marketplace.
Upcoming TradeMart Dates and Locations: June 7 -- Mars,
PA (Pittsburgh) June 8 -- Sharonville, OH (Cincinnati)
Mars Seminars: Selling Variable Data Solutions for a Marketing Campaign
—Wise Closing The Sale With Pressure Seal —Wilmer Don't Touch that
Stationery Order —Business Stationery Inc.
Click here for seminar descriptions: http://www.dmia.org/em/tm2005/ses_mars.html
Sharonville Seminars: Selling Variable Data Solutions for a Marketing
Campaign —Wise Don't Touch that Stationery Order —Business Stationery
Inc. Closing The Sale With Pressure Seal —Wilmer Solve Serious Business
Problems—Through Fun & Games! —Victor Printing Inc.
Click here for seminar descriptions: http://www.dmia.org/em/tm2005/ses_sharonville.html
For more information on TradeMarts, <http://www.dmia.org/em/trade_marts.html>
click here.
Print Solutions 2005 Conference and Expo <http://www.printsolutionsshow.com>
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.
TOP TEN
Here are this week's top unusual source requests received by
DMIA:
1. Continuous Forms; 2-4 parts; 9 1/2" x 11"; parts 1 & 2 prints
1/1; part 1 has an integrated label; T-Punch 19 holes left side part 2
only; QTY=42.5M-190M 2. Circular Post Card; 4 1/4" or 5" diameter;
prints 2/2 or 2/1; QTY=5M-7.5M 3. Face Stickers; prints up to 4cp;
QTY=500-5M 4. Room Service Tray Table Top Liner; 23 1/2" x 14"; prints
Black/0; Dynex Non-Ski material (or similar); QTY=50M-100M 5. Bottle
Hang Tags; 3" x 6 15/16"; prints 4cp/blk; 10pt. C1S White Cover; scores twice;
die-cut with 1 1/2" diameter circle cut with 8 points; QTY=250M 6.
Brass Tags; 1 1/2" round and 1 1/2" oval; hole punched top; consecutively
numbered; QTY=400 each of 2 7. Wall Calendar with a Plastic Sliding
Date Indicator; 1 color imprint; QTY=500-2M 8. Door to Door Services
for the entire state of Iowa; will place Door Hangers on individual door
knobs 9. Custom-Printed M&M Candies; QTY=144-500
packages 10. Sandwich Wrapper; 15" x 15" sheets; prints 1 color; one
side of sheet is tissue; the other is aluminum; QTY=100M-500M
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 <http://64.115.51.134/index.htm>
Source Hotline Database online. For new sales ideas every day, try our <http://www.dmia.org/dmiasearch/am_pm/search/index.cfm>
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 <mailto:crush@dmia.org> Cheryl Rush.
SALES AND MARKETING TIP
16 Tips on Selling Most entrepreneurs start a business
because they have a particular talent, skill or ability, and not because they
like selling. Here are 16 tips on successful selling. <http://www.workz.com/content/view_content.html?section_id=525&content_id=6828>
Full story.
E-COMMERCE SPOTLIGHT
Online Sales Grow Preliminary first-quarter 2005 retail
e-commerce statistics show a growth of 24 percent on a yearly basis, according
to the U.S. Census Bureau. <http://www.e-commerceguide.com/news/trends/article.php/3507366>
Full story.
*********************************************************************** 2005 Print Solutions Magazine PEAK Awards Deadline for
entries is June 3. Click here for more information:
http://www.printsolutionsmag.com/peak.html
***********************************************************************
PRODUCT OF THE
WEEK
Success as a CSR Written for CSRs and their managers, this guide describes
everything a CSR needs to know to succeed. It contains key challenges CSRs face
along with solutions, tools for time management, and tips to a satisfying
career. Code: SCSCSR. Member Price: $12. To order, contact <mailto:tdavis@dmia.org> Tina Davis.
HOT SITES
Roadside America Here's a collection of more than 5,000 odd and hilarious
travel destinations ready for exploration. <http://www.roadsideamerica.com>
Visit the site.
What's That Diet? With so many diet products and programs, it's hard to
know which may work for you. This site reviews common diet programs and makes
recommendations. <http://diets.marketassociate.com/>
Visit the site.
Print Education &
Research Foundation DMIA and the former International Association for Document Technologies
Foundation joined forces in 2003 and formed the Print Education & Research
Foundation (PERF). Headquartered with DMIA, PERF's mission is to provide
research and education that promote long-term growth and profitability of the
industry's organizations that embrace supply-chain options. PERF initiatives
include developing research reports on emerging products and markets;
educational and training programs; and finding ways to improve the industry's
profitability and functionality. Its staff is directed by a <http://www.dmia.org/about/foundation.html>
Board of Trustees. For more information, call (800) 336-4641.
Got News? Email your press releases to: <mailto:pvasishtha@dmia.org?cc=bholt@printsolutionsmag.com;csachs@dmia.org&subject=E-Weekly
News> E-Weekly News. Send company logos as .gif or .jpg files (20k or less).
Submissions may be edited and logos may be resized.
_____________________________________________________________________________________ ISSN1552-3667
© Copyright 2005 <http://www.dmia.org> Document Management
Industries Association; 433 E. Monroe Ave.; Alexandria, VA 22301;
(800) 336-4641 (703) 836-6232 To subscribe <http://www.dmia.org/sol_center/enewssubs.html>
click here. To unsubscribe or change your address, <http://www.printsolutionsmag.com/dmia/enewsunsub.html>
click here. To advertise, <mailto:ckelly@dmia.org> click
here.
The E-weekly is designed by Christine Sachs and edited by Preeti Vasishtha
with contributions from Darin Painter and Andy Brown. Contact us at <mailto:eweekly@printsolutionsmag.com>
eweekly@printsolutionsmag.com. Visit
Print Solutions Magazine at <http://www.printsolutionsmag.com>
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