Michael Schmicke

PALM BEACH, FL—Workflow Management executives are currently exploring their refinancing options in light of concern from the company's auditors that it will not be able to meet its December 31 deadline for repaying $50 million in bank debt. Company officials are said to be exploring several options that include refinancing, restructuring and even the outright sale of the company. "We are actively working with our financial advisors to strengthen and stabilize our capital structure," says Gary W. Ampulski, CEO, adding that they have received several third-party inquiries regarding the company. "Our lenders are fully supportive of the decision of our board of directors to pursue various

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