Verso Paper Reports Price Increases Produce Smaller Net Loss

• Net loss before items of $18.1 million in 2011, compared to a net loss before items of $52.0 million in 2010.

Overview

Verso’s net sales for the first quarter of 2011 increased $53.0 million, or 14.6 percent, as the average sales price for all of its products increased 13.3 percent compared to the first quarter of 2010 and increased 2.5 percent compared to the fourth quarter of 2010.