Michael Bemis

MEMPHIS, TN—There is light at the end of the bankruptcy tunnel for Master Graphics. The company announced that its First Amended Joint Plan of Reorganization became effective March 7, marking the company's emergence from its voluntary Chapter 11 cases filed in July 2000. Creditors voting on the reorganization plan approved the plan, with 89 percent of the creditors who voted and 99 percent of the dollar amount of the claims voting in favor of the plan. The plan was confirmed by the U.S. Bankruptcy Court for the District of Delaware in Wilmington on January 25. Master Graphics has met all requirements to emerge

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

CORDOVA, TN—Master Graphics and its wholly owned subsidiary, Premier Graphics, have filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code with the U.S. Bankruptcy Court in Wilmington, DE, to restructure the company's $205 million debt. Michael Bemis, CEO and chairman of the board of directors of Master Graphics, has tried to reassure customers that all will be business-as-usual at the 23 facilities Master Graphics operates in 14 states. "Our customers should expect to receive the same high quality products and service for which each of our divisions have become known. Although federal law prohibits the payment of prefiling debt without a court

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