Verso Paper Reports Price Increases Produce Smaller Net Loss

Net sales for the “other” segment increased 24.4 percent to $29.2 million in the first quarter of 2011 from $23.4 million in the first quarter of 2010. The improvement in 2011 was due to a 15.1 percent increase in the average sales price per ton combined with an increase of 8.0 percent in sales volume, reflecting the continued development of new paper product offerings for our customers.