14 jan: Massiv interesse for at se salgspriser
02 feb: Stort behov for mini-MBA i bestyrelsesuddannelse
15-01-2010 22:00:00

Courier Boosts Customized Textbook Capabilities With Acquisition of Highcrest Media

Courier Corporation (Nasdaq: CRRC), one of America’s leading book

manufacturers and specialty publishers, today announced that it has

acquired Highcrest Media LLC, a provider of software and solutions that

streamline the production of customized textbooks for use in colleges,

universities and businesses. Founded in 2006 and based in Wilmington,

Massachusetts, Highcrest has grown quickly through its combination of

easy-to-use Web-based technology and strong focus on the highest-growth

segment of the textbook market.

Courier’s acquisition of Highcrest complements its recent investment in

digital printing technology, which is also ideally suited to the

capacity and efficiency needs of this growing market. Together, the two

initiatives significantly strengthen Courier’s capabilities in digital

book manufacturing. Highcrest’s largest customer is also a Courier

customer.

“College professors around the country are flocking to this new

technology,” said Courier Chairman and Chief Executive Officer James F.

Conway III. “Using Highcrest’s software, they can create a textbook that

contains only the information they want to teach from—eliminating waste

and reducing costs. By bringing Highcrest Media to Courier, we are

placing ourselves at the forefront of this trend as a strategic resource

for a key customer base. Highcrest’s expertise fits perfectly into our

vision and portfolio.”

Highcrest President Michael Shea has been spearheading advances in

on-demand and Web-based technology for over a decade. “Our software has

won wide acceptance by making it easy for users to control the whole

process of generating customized content,” said Shea. “By joining forces

with Courier, we will extend our production capabilities by an order of

magnitude. At the same time, we add a significant capability to

Courier’s already industry-leading credentials in the textbook market.”

The acquisition is expected to be modestly accretive to Courier earnings

for its 2010 fiscal year. Acquisition terms were not disclosed.

About Courier Corporation

Courier Corporation prints, publishes and sells books. Headquartered in

North Chelmsford, Massachusetts, Courier has two business segments,

full-service book manufacturing and specialty book publishing. For more

information, visit www.courier.com.

This news release includes forward-looking statements. Statements

that describe future expectations, plans or strategies are considered

“forward-looking statements” as that term is defined under the Private

Securities Litigation Reform Act of 1995 and releases issued by the

Securities and Exchange Commission.

The words “believe,”

“expect,” “anticipate,” “intend,” “estimate” and other expressions which

are predictions of or indicate future events and trends and which do not

relate to historical matters identify forward-looking statements.

Such

statements are subject to risks and uncertainties that could cause

actual results to differ materially from those currently anticipated.

Factors that could affect actual results include, among others,

changes in customers’ demand for the Company’s products, including

seasonal changes in customer orders and shifting orders to lower cost

regions, changes in market growth rates, changes in raw material costs

and availability, pricing actions by competitors and other competitive

pressures in the markets in which the Company competes, consolidation

among customers and competitors, success in the execution of

acquisitions and the performance and integration of acquired businesses

including carrying value of intangible assets, restructuring and

impairment charges required under generally accepted accounting

principles, changes in operating expenses including medical and energy

costs, changes in technology including migration from paper-based books

to digital, difficulties in the start up of new equipment or information

technology systems, changes in copyright laws, changes in consumer

product safety regulations, changes in environmental regulations,

changes in tax regulations, changes in the Company’s effective income

tax rate and general changes in economic conditions, including currency

fluctuations, changes in interest rates, changes in consumer confidence,

changes in the housing market, and tightness in the credit markets.

Although

the Company believes that the assumptions underlying the forward-looking

statements are reasonable, any of the assumptions could be inaccurate,

and therefore, there can be no assurance that the forward-looking

statements will prove to be accurate.

The forward-looking

statements included herein are made as of the date hereof, and the

Company undertakes no obligation to update publicly such statements to

reflect subsequent events or circumstances.

Courier Corporation

James F. Conway III, Chairman,

President

and Chief Executive Officer

or

Peter M. Folger

Senior

Vice President and

Chief Financial Officer

978-251-6000

www.courier.com

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
15 feb
 
En debat i forum i dag løb lidt af vejen, og moderator måtte slette rigtig mange indlæg ”fordi indlæ..
136
14 feb
VWS
Nu har jeg haft lidt tid til at kigge på det nyligt offentliggjorte regnskab for 2016. Baseret på de..
82
14 feb
FING-B
Investering er umiddelbart blevet til en vittighed. Før i tiden investerede man i et selskab, man tr..
26
15 feb
FING-B
erikanthon .... ANON ....   Nu er det da vist tiden, at du får et lødigt, ud fra den viden jeg har. ..
25
13 feb
VWS
  Dette er de aktier som er til produktion i 2017, der er ikke indregnet nogen form for produktion f..
25
18 feb
OMXC25
Den rammer da noglenlunde godt.      http://finans.dk/live/opinion/ECE9365426/den-stoerste-trussel-m..
23
14 feb
E:PROTCT
  Jeg har flere gange analyseret det norske forsikringsselskab, Protector, som er et yderst interess..
22
13 feb
NOVO-B
det er grundlæggende noget vrøvl. Aktilbagekøb mindsker risikoen i en aktie fordi de kortsigtede uds..
15
15 feb
PNDORA
Tak for det svinske svar. Det gav mig muligheden for at se hvor jeg havde misforstået regnestykket. ..
14
17 feb
 
omglol,   Hvis du er valueinvestor, er Maj Invests Kurt Karas spritnye: "Den rationelle investor" en..
13

Boligejendomme giver din portefølje rygrad

03-02-2017 15:50:43
Sponsoreret indhold:Lave obligationsrenter, politisk uro og dyre aktier får professionelle til at investere i ejendomme. Ny guide viser, hvordan private også ka..

DFDS: Stærk resultatfremgang, øget udbytte og nyt aktietilbagekøb

07-02-2017 08:41:33
Rederiet DFDS har haft betydelig resultatfremgang i 2016 og forkæler aktionærerne ved at øge udbyttet med en tredjedel og starte aktietilbagekøb for op til 800 ..

Maersk Line: Tysk opkøb får foden inden for i containeralliance

06-02-2017 15:01:11
Maersk Line har indgået en samarbejdsaftale med det tyske containerrederi Hamburg Süd, som Mærsk-koncernen købte i slutningen af 2016, men som kører videre unde..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
19. februar 2017 22:10:00
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170217.2 - EUROWEB4 - 2017-02-19 22:10:00 - 2017-02-19 22:10:00 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x