Champion’s Printing and Newspaper Segments Drag Revenues Down

“We will continue to aggressively review our operations and maximize any additional cost initiatives we deem available that will not reduce long-term revenue prospects. In addition, we are working on new initiatives to expand our market share and drive additional volume through our plants.”

Revenues for the three months ended Jan. 31, 2011 were $31.9 million vs. $32.4 million in the same period in 2010. This change represented a decrease in revenues of $0.5 million or 1.5 percent.