Verso Paper Reports Price Increases Produce Smaller Net Loss

Net sales for the first quarter of 2011 increased 14.6 percent to $416.6 million from $363.6 million in the first quarter of 2010, as the average sales price for all of our products increased 13.3 percent, reflecting price increases implemented during 2010 as the economy began to recover and demand for our products improved. Total sales volume grew 1.1 percent compared to the first quarter of 2010.