Champion Reports Net Losses for Second Quarter and First Six Months

“The key for us in 2012 will be to continue to focus on our cost structure while assuring we provide an adequate infrastructure to support our sales initiatives and address our secured lender initiatives. To accomplish this we must get better and more efficient in all components of our business.”

Revenues for the three months ended April 30, 2012 were $33.4 million, compared to $31.0 million in the same period in 2011. This change represented an increase in revenues of $2.4 million or 7.7 percent. The printing segment experienced an increase of $1.2 million or 6.1 percent while the office products and office furniture segment experienced an increase of $1.2 million or 14.6 percent. The newspaper revenues for the quarter increased $16,000 when compared to the prior period.