NAPL Releases Sobering Industry Outlook for 2009

• Industry sales will decline by as much as 3% in 2009, after having declined by approximately 2% in 2008.

• Profits are expected to remain under severe pressure. Pre-tax profitability fell for 54.9% of the Printing Business Panel in October 2008, the highest reading in over six years.

• The gap between industry leaders and all others will continue to widen. For example, from 2000 to 2008 NAPL Leaders’ sales grew a total of 71.6%, nearly nine times the industry’s 8.2% growth, with the gap widening dramatically after the deep recession of 2001-2003.