Bowne Reports Increases in Revenue, Profit in Fourth Quarter

Average days sales outstanding was 69 days for 2009 compared to 70 days in 2008. Work-in-process inventory was $18.1 million at December 31, 2009, compared to $17.9 million at December 31, 2008.

Business Outlook for 2010:

The Company is optimistic about its operating performance outlook for 2010 and expects significantly improved operating results in 2010 in comparison to 2009 and 2008. The Company also expects that capital markets activity will continue to strengthen and regulatory requirements will expand in 2010, driving revenue growth.