WALNUT CREEK, CA--(Marketwire - October 29, 2007) - American Reprographics Company (
NYSE:
ARP), the nation's leading provider of reprographics services and
technology, today announced the acquisition of the assets of eBlueprint
Holdings, Inc. and its subsidiaries, the largest provider of reproduction,
document management and related services in the Northeastern Ohio market.
The operating divisions of eBlueprint include Lakeside Blueprint in
Cleveland, Market Street Blueprint in Akron, and Abadan Blueprint in the
Denver, Colorado area. eBlueprint's product and service mix mirrors that of
American Reprographics Company with its primary focus on serving the
construction market. Year-end revenues in 2006 for the company were
approximately $11 million. Terms of the acquisition were not disclosed.
Andrew Ziegler, President of eBlueprint, said, "This is a great opportunity
for us to continue growing. ARC always seems to take a good business and
make it better, so we're very enthusiastic about the benefits we can bring
to our customers, and the future of our company."
"We welcome eBlueprint to the ARC family," said K. "Suri" Suriyakumar,
President and CEO of American Reprographics Company. "They are a
technology-savvy firm with a great brand, an excellent reputation and a
committed management team. It also offers us a strong operating base on
which to build, and allows us to better serve both the Ohio and Denver,
Colorado, markets. It's a great fit for both companies."
About American Reprographics Company
American Reprographics Company is the leading reprographics company in the
United States providing business-to-business document management technology
and services to the architectural, engineering and construction, or AEC
industries. The Company provides these services to companies in non-AEC
industries, such as technology, financial services, retail, entertainment,
and food and hospitality, which also require sophisticated document
management services. American Reprographics Company provides its core
services through its suite of reprographics technology products, a network
of more than 290 locally branded reprographics service centers across the
U.S., and on-site at more than 4,000 customer locations. The Company's
service centers are arranged in a hub and satellite structure and are
digitally connected as a cohesive network, allowing the provision of
services both locally and nationally to more than 140,000 active customers.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that fall within the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 regarding future events and the future financial performance of the
Company. Words such as "opportunity," and "on which to build," and similar
expressions also identify forward-looking statements. We wish to caution
you that such statements are only predictions and actual results may differ
materially as a result of risks and uncertainties that pertain to our
business. These risks and uncertainties include, among others:
-- Future downturns in the architectural, engineering and construction
industries could diminish demand for our products and services in the U.S
and China;
-- Competition in our industry and innovation by our competitors may
hinder our ability to execute our business strategy and maintain our
profitability;
-- Failure to anticipate and adapt to future changes in our industry
could harm our competitive position;
-- Failure to manage our foreign business units including our inability
to integrate and merge the business operations of partner companies, and
failure to retain key personnel and customers of partner companies could
have a negative effect on our future performance, results of operations and
financial condition;
-- Dependence on certain key vendors for equipment, maintenance services
and supplies, could make us vulnerable to supply shortages and price
fluctuations;
-- Damage or disruption to our facilities, our technology centers, our
vendors or a majority of our customers could impair our ability to
effectively provide our services and may have a significant impact on our
revenues, expenses and financial condition;
-- If we fail to continue to develop and introduce new services
successfully, our competitive positioning and our ability to grow our
business could be harmed.
The foregoing list of risks and uncertainties is illustrative but is by no
means exhaustive. For more information on factors that may affect future
performance, please review our SEC filings, specifically our annual report
on Form 10-K for the year ended December 31, 2006, our final prospectus
supplement dated March 8, 2007, and our quarterly reports on Form 10-Q for
the quarters ended March 31, 2007, and June 30, 2007. These documents
contain important risk factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. These forward-looking statements are based on information as of
October 26, 2007, and except as required by law, the Company undertakes no
obligation to update or revise any forward-looking statements.
Contact Information: Contacts:
David Stickney
VP of Corporate Communications
Phone: 925-949-5100
Email:
David Pasquale
The Ruth Group
Phone: 646-536-7006
Email: