Bowne Reports Increases in Revenue, Profit in Fourth Quarter

Bowne continues to be proactive in reducing its fixed costs and consolidating operations, which positions the Company to respond to changing economic conditions and to compete more effectively.

Balance Sheet and Cash Flow: During 2009, the Company was successful in completing significant improvements to its capital structure. The Company completed a public equity offering in August 2009 that raised net proceeds of $67.8 million. These proceeds were used to pay down debt.