Courier's Revenues, Net Income Rebound in First Quarter

“Meanwhile, we continue to seek out ways to serve both new and current customers better. On January 15, we acquired Highcrest Media LLC, a provider of Web-based software that streamlines the production of customized textbooks used in colleges, universities and businesses. Together with our forthcoming installation of digital printing technology, this acquisition will strengthen our capabilities in the highest-growth segment of the textbook market. For the balance of the year, we do not expect Highcrest to have an appreciable impact on Courier earnings; however, as previously noted, startup costs associated with the digital print operation will likely reduce fiscal 2010 income by between $.05 and $.10 per share. These costs have been factored into our fiscal 2010 guidance.