Upfront 2-01

Court OKs Master Graphics' Plan
MEMPHIS, TN—Master Graphics has been given the OK on its reorganization plan by the U.S. Bankruptcy Court, and has also approved the sale of three non-core divisions valued at approximately $18 million. Proceeds from the sale will be used to reduce the company's secured bank debt. Under terms of the plan, Master Graphics' secured bank debt will be refinanced and the general unsecured creditors of Premier Graphics—the company's wholly owned operating subsidiary—will receive all the common stock in the reorganized Master Graphics. Existing common stock will be canceled.