WALNUT CREEK, CA--(Marketwire - July 11, 2008) - American Reprographics Company (
NYSE:
ARP), the nation's leading provider of reprographics services and
technology, today announced the acquisition of the assets of The Blueprint
Company (TBC), a major provider of reproduction, document management and
related services to the architectural, engineering and construction
industry in Hawaii. The acquisition extends ARC's presence into a premiere
tropical design center, and a market well-known for supplying Eastern Asia
with design- and construction-related services. Terms of the acquisition
were not disclosed.
TBC services all of Hawaii's major islands and is headquartered on the
island of Oahu, in Honolulu. The acquisition of the firm not only furthers
the ARC strategy of establishing a leading position in major metropolitan
areas across the country, but also helps close the geographical gap between
the Company's U.S.-based operations, eastern Asian markets, and UDS, ARC's
joint venture with Beijing-based Unisplendour in China.
Allan Dowsett, President of TBC, said, "We continue to see tremendous
opportunities in Hawaii and joining ARC will help us pursue them. With
nearly 100 years in this market, we're excited to be growing here on the
islands, and also to be able to look across the Pacific in both directions
for new business. As a part of ARC, we're going to be able to offer our
clients all the services of a global reprographics firm on the mainland to
the east, as well as to the west in Asia and the Far East."
"TBC fits in perfectly with our global expansion plans," said K. "Suri"
Suriyakumar, President and CEO of American Reprographics Company. "The
company is remarkably well-established in its home market of Hawaii, but
there's still plenty of room for growth. And with its location nearly
half-way across the Pacific, TBC has a natural advantage in helping us
bring our services into Asia. We're very happy to have them on board."
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 300 locally branded reprographics service centers across the
U.S., and on-site at more than 5,000 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 "will, " plans" and "see," 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:
-- The current downturn or a future general downturn in the
architectural, engineering and construction industries could diminish
demand for our products and services;
-- 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 acquisitions, including our inability to
integrate and merge the business operations of the acquired companies, and
failure to retain key personnel and customers of acquired 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, 2007, and our quarterly
reports on Form 10-Q for the quarter ended March 31, 2008. 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
July 11, 2008, and except as required by law, the Company undertakes no
obligation to update or revise any forward-looking statements.
Contact Information: Contact:
David Stickney
VP of Corporate Communications
Phone: 925-949-5100
Email: