SOURCE: Nashua

August 01, 2006 16:30 ET

Michael Leatherman Elected to Nashua Corporation Board

NASHUA, NH -- (MARKET WIRE) -- August 1, 2006 -- Nashua Corporation (NASDAQ: NSHA), a manufacturer of labels and thermal and specialty papers, today announced that it has elected Michael T. Leatherman to its Board of Directors. Mr. Leatherman, whose term begins immediately, has held a number of senior management positions in the paper and printing industry during a 25-year career. He currently is a business consultant specializing in strategic planning, organizational effectiveness, internal process control, financial modeling and acquisitions.

Prior to retiring, Mr. Leatherman was the Executive Vice President, Chief Financial Officer and Chief Information Officer at Wallace Computer Services, located in Lisle, Illinois from 1998 to 2000. Previously at Wallace he served as Senior Vice President and Chief Information Officer (1994-1998) and Vice President of Information Technology (1990-1994). From 1984 to 1990, Mr. Leatherman was employed by FSC Paper Corporation in Alsip, Illinois and served as the Company's Chief Executive Officer (1985-1990) and Chief Financial Officer (1984-1985). He earned a B.A. in Business Administration from Elmhurst College in 1976 and is a Certified Public Accountant in Illinois.

Commenting on the announcement, Andrew Albert, Chairman of the Board of Directors, said, "Mike has a wealth of executive, financial and information technology experience and expertise in the paper and printing industry that will be a great asset to Nashua as we continue to strive to enhance shareholder value. We are delighted he has joined our board and look forward to working closely with him."

About Nashua

Nashua Corporation manufactures and markets a wide variety of specialty imaging products and services to industrial and commercial customers to meet various print application needs. The Company's products include thermal coated papers, pressure-sensitive labels, bond, point of sale, ATM and wide format papers, entertainment tickets, and ribbons for use in imaging devices. Additional information about Nashua Corporation can be found at www.nashua.com.

Forward-looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "will," "estimates," "expects" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the Company's ability to consummate the transaction, the Company's future capital needs and resources, fluctuations in customer demand, intensity of competition from other vendors, timing and acceptance of new product introductions, delays or difficulties in programs designed to increase sales and profitability, general economic and industry conditions, the resolution of certain litigation matters, and other risks set forth in the Company's filings with the Securities and Exchange Commission, and the information set forth herein should be read in light of such risks. In addition, any forward-looking statements represent the Company's estimates only as of the date of this press release and should not be relied upon as representing the Company's estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, even if its estimates change.

Contact Information

  • Contact:
    Tom Brooker/John Patenaude
    Nashua Corporation
    847-318-1797/603-880-2145

    Rich Coyle
    Citigate Sard Verbinnen
    212-687-8080