Bowne Reports Increases in Revenue, Profit in Fourth Quarter

Marketing communications services revenue decreased $5.8 million, or 14%, to $36.4 million during the fourth quarter of 2009, and decreased $21.6 million, or 13%, to $145.1 million during the full year of 2009. The decline is primarily due to: the loss of certain accounts; lower volumes and activity levels from existing clients, as companies reduced their marketing spending in the current economic downturn. It also reflects a decline in enrollment activities for health care and financial products, such as 401(k) enrollments as unemployment levels increased.