Ennis, Inc. Reports Improvement in Overall Quarterly Financial Results

"We will also have the challenge, in this coming fiscal year, of bringing on line our new apparel manufacturing facility in Agua Prieta, Mexico. This facility once completed and fully operational is expected to significantly reduce our apparel manufacturing costs; however it will not be without it challenges and adverse costs to get it to that point. So while much work was done and much was accomplished this past year, in an extremely challenging environment, much still needs to be accomplished in fiscal year 2011. Again, while many challenges remain, we will continue to stay focused on the task at hand. And we again enter this year with excellent liquidity, an even lower leverage ratio and stronger balance sheet, which should allow us to take advantage of other unique opportunities should they present themselves."