Bowne Reports Increases in Revenue, Profit in Fourth Quarter

As of December 31, 2009, the Company had $14.3 million of debt outstanding, as compared to $89.2 million at December 31, 2008. The amount outstanding at December 31, 2009 includes $5.0 million outstanding under its revolving credit facility and $8.3 million outstanding under the Company's Convertible Subordinated Debentures. As previously announced, in October 2009, the Company completed an amendment of the $123.0 million revolving credit facility and extended its maturity to May 2013 and modified certain covenants to provide additional operating flexibility. The Company was in compliance with all debt covenants as of December 31, 2009.