Champion’s Printing and Newspaper Segments Drag Revenues Down

HUNTINGTON, WV—March 11, 2011—Champion Industries announced first quarter 2011 net income of $73,000 on a basic and diluted basis. This compares to a net loss of $213,000 for the three months ended Jan. 31, 2010. Income from operations improved to $1.1 million in the first three months of 2011 from $0.9 million in 2010, resulting primarily from lower selling, general and administrative costs partially offset by lower gross margin dollars and percentage, as well as charges related to a restructuring and profitability enhancement plan.