Verso Paper Reports Price Increases Produce Smaller Net Loss

Selling, general, and administrative expenses were $18.6 million in the first quarter of 2011 compared to $16.2 million for the same period in 2010, primarily due to inflation of personnel related costs.

Interest expense for the first quarter of 2011 was $32.4 million compared to $32.3 million for the same period in 2010.