HEIDELBERG Establishes New Platform for Digital Transformation of Print Shops

CJK Group, Inc. is pleased to announce that it has acquired Accucoms, the leading provider of sales and marketing services to academic and professional publishers, and integrated it with its comprehensive content solutions subsidiary, KnowledgeWorks Global Ltd. (KGL). Based in the Netherlands with teams operating in the UK, Europe, North America, Latin America, Middle East and North Africa, Turkey, India, China, South Korea and Southeast Asia, Accucoms specializes in global representation, tele-sales, training, and business intelligence services for clients ranging from large publishing houses to specialist society publishers. With a strong presence in key markets, Accucoms connects publishers with libraries and other information users to help expand their reach and impact.

Second Quarter 2021 Financial and Segment Highlights *Revenue was $67.8 million higher than the previous year. All four segments experienced year-over-year revenue growth. Not including the First American acquisition, which closed on June 1, 2021, revenue increased $40.5 million, or 9.9 percent year-over-year. *The Payments segment delivered revenue growth of 43.1 percent over the previous year, $27.3 million of which was from First American. *Net income of $12.1 million includes $15.9 million of costs related to the First American acquisition during the quarter. *Cash flow from operations for the first half of 2021 was $83.8 million and capital expenditures were $46.6 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $37.2 million, a decrease of $45.4 million as compared to 2020, largely attributable to capital investments this year and costs related to the First American transaction.

Cenveo, Inc. announced that it has reached an agreement with its major stakeholders to clear the path for approval of the Company's first amended plan of reorganization, which will enable the Company to emerge from Chapter 11 this summer. The Plan of Reorganization has the support of over 70% of the Senior Secured Noteholders, the holders of certain funds and accounts under management that collectively own or control a percentage of the Company's senior secured first-in, last-out notes, who also hold a percentage of the first lien notes, second lien notes, and senior unsecured notes, as well as the support of the Unsecured Creditors Committee whose members consist of trade creditors, the Pension Benefit Guaranty Corporation, certain unions, and the indenture trustee for the unsecured noteholders. A hearing before the United States Bankruptcy Court for the Southern District of New York is scheduled for June 7, 2018 for the Company to seek approval of its first amended disclosure statement and to establish the voting procedures for the Plan of Reorganization. The terms of the Plan of Reorganization will enable the Company to exit Chapter 11 with a highly deleveraged balance sheet, which will allow the Company to focus on its operations and grow its businesses. Click Read More below for additional information.