Huntsville, AL

MEMPHIS, TN—What's in a name? One company hopes it's a new lease on life. Master Graphics, fresh from exiting Chapter 11 bankruptcy, has added a new moniker for the 10-division conglomerate: Premier Print Holdings. According to Calvin W. Aurand Jr., chairman and CEO of the company, the new name underscores the importance of the operating divisions in the communities they serve. "The real strength of our company comes from the ability of our managers and employees to secure and serve customers in their local markets better than anyone else around," Aurand states. "Many of our operators have been doing that for a long, long time. Some

CORDOVA, TN—Master Graphics has announced the principal terms of a comprehensive business plan for the restructuring of its operating subsidiary, Premier Graphics. Under the new business plan, Premier Graphics' operations will be restructured around a core group of 11 of its divisions. Proceeds from the sale or other disposition of the company's remaining, non-core divisions will be used to reduce Master Graphics' secured indebtedness and for working capital purposes. "This business plan forms the basis of our Chapter 11 plan of reorganization, which will be filed and announced by year end (2000) as planned," notes Michael Bemis, Master Graphics chairman and CEO. "The reorganized Master Graphics