SOURCE: Nashua

March 30, 2006 16:30 ET

Nashua Corporation Announces New Financing Agreement

NASHUA, NH -- (MARKET WIRE) -- March 30, 2006 -- Nashua Corporation (NASDAQ: NSHA) today announced that it has signed a new three-year secured financing agreement with LaSalle Bank N.A. and Bank of America that provides the Company with a revolving line of credit of up to $35 million. This agreement, which is effective on March 30, 2006, replaces the Company's existing credit facility with these banks, which was scheduled to expire in February 2007.

John Patenaude, Nashua's vice president finance, chief financial officer and treasurer stated, "Both of these institutions have been long-time supporters of Nashua, and we are pleased that we are extending our relationship with them. The new agreement will provide Nashua with the financial flexibility it requires for the future."

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:
    Andy Albert/John Patenaude
    Nashua Corporation
    603-880-2206/603-880-2145

    Rich Coyle
    Citigate Sard Verbinnen
    212-687-8080