Champion Industries Returns to Profitability on Lower Sales

Marshall T. Reynolds, chairman of the board and CEO, said, “2010 represented the positive outcome of our cost reduction initiatives implemented over the last two years. We believe our operating model has been adjusted to allow the company to react to a continued period of economic uncertainty without relinquishing our capacity for growth with the advent of an economic recovery. If necessary, we have additional options to reduce our cost structure and still provide best-in-class products and services to our customers.