Courier Acquires FastPencil

  Courier Acquires FastPencil

           Advanced Content Management and Self-Publishing Platform

Business Wire

NORTH CHELMSFORD, Mass. -- April 30, 2013

Courier Corporation (Nasdaq: CRRC), one of America’s leading innovators in
book manufacturing and content management, today announced that it has
acquired FastPencil, Inc., a developer of end-to-end, cloud-based content
management technology. A startup headquartered in Campbell, California,
FastPencil serves authors and publishers with full-featured, open-platform
solutions spanning content, workflow, marketing and distribution. It also
provides simple automated systems to help self-publishers get to market
quickly and effectively in both print and e-book form, including the
technology behind Barnes & Noble’s new NOOK Press™, introduced earlier this
month.

With its FastPencil acquisition, Courier builds on its leadership in content
management and customization for educational publishers while bringing a
comparable offering to a broader market. Since 2010, the combination of
proprietary software and state-of-the-art digital printing technology has made
Courier Digital Solutions a nationwide leader in the production of textbooks
customized to the specific needs of individual professors, courses and
institutions. The FastPencil platform brings a similar degree of flexibility
and control to general trade publishers, established authors, and the rapidly
expanding universe of self-publishers. At the time of its acquisition by
Courier, FastPencil had relationships with more than 60,000 self-publishing
content creators involving over 50,000 active projects.

“FastPencil is both a great fit for our existing customer base and a superb
means of entry into one of the fastest-growing segments of our industry,” said
Courier Chairman and Chief Executive Officer James F. Conway III. “Our current
publishing customers will appreciate the extra options presented by
FastPencil’s cloud-based collaborative platform, intuitive design and
development tools for both print and e-books, and integrated use of social
media at every stage from concept to distribution. And self-publishers, who
are already taking advantage of FastPencil’s easy-to-use technology and
licensing expertise, will gain tremendous added value on the print side
through Courier’s ability to deliver top-quality books at attractive prices,
on short order and in virtually any run length.”

For FastPencil, the agreement also means access to Courier’s nationwide
publishing sales force and relationships with thousands of retailers, from
major booksellers to museums, crafts shops and gift stores. “We are thrilled
to be joining forces with Courier,” said FastPencil co-founder and CEO Steve
Wilson. “In doing so, we are not only gaining a world-class print partner, but
also enabling our authors to reach out to a far wider audience and increase
their potential sales by an order of magnitude.

“We expect this combination to be attractive to more and more self-publishers,
and Courier’s resources and perspective will be a vital asset as we scale up,”
added Wilson. “In addition, by coupling FastPencil’s next-generation Silicon
Valley technology to Courier’s long-standing presence and reputation in the
major publishing centers in the eastern United States, we expect comparable
synergies on behalf of the larger customers of both companies.”

Terms of the acquisition were not disclosed.

AboutCourier Corporation

Courier Corporationis America’s third largest book manufacturer and a leader
in content management and customization in new and traditional media. It also
publishes books under three brands offering award-winning content and
thousands of titles. Founded in 1824, Courier is headquartered inNorth
Chelmsford, Massachusetts. For more information, visit www.courier.com.

This news release includes forward-looking statements, including statements
relating to the continuation of the Company’s dividend for fiscal year 2013,
expansion into e-books and digital content offerings, and the Company’s
financial expectations for fiscal year 2013, including sales, EBITDA, earnings
per share and capital expenditures.Statements that describe future
expectations, plans or strategies are considered “forward-looking statements”
as that term is defined under the Private Securities Litigation Reform Act of
1995 and releases issued by the Securities and Exchange Commission.The words
“believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions
which are predictions of or indicate future events and trends and which do not
relate to historical matters identify forward-looking statements.Such
statements are subject to risks and uncertainties that could cause actual
results to differ materially from those currently anticipated.Factors that
could affect actual results include, among others, changes in customers’
demand for the Company’s products, including seasonal changes in customer
orders and shifting orders to lower cost regions, changes in market growth
rates, changes in raw material costs and availability, pricing actions by
competitors and other competitive pressures in the markets in which the
Company competes, consolidation among customers and competitors, insolvency of
key customers or vendors, changes in the Company’s labor relations, changes in
obligations of multiemployer pension plans, success in the execution of
acquisitions and the performance and integration of acquired businesses
including carrying value of intangible assets, restructuring and impairment
charges required under generally accepted accounting principles, changes in
operating expenses including medical and energy costs, changes in technology
including migration from paper-based books to digital, difficulties in the
start up of new equipment or information technology systems, changes in
copyright laws, changes in consumer product safety regulations, changes in
environmental regulations, changes in tax regulations, changes in the
Company’s effective income tax rate and general changes in economic
conditions, including currency fluctuations, changes in interest rates,
changes in consumer confidence, changes in the housing market, and tightness
in the credit markets. Although the Company believes that the assumptions
underlying the forward-looking statements are reasonable, any of the
assumptions could be inaccurate, and therefore, there can be no assurance that
the forward-looking statements will prove to be accurate.The forward-looking
statements included herein are made as of the date hereof, and the Company
undertakes no obligation to update publicly such statements to reflect
subsequent events or circumstances.

Contact:

Courier Corporation
James F. Conway III, 978-251-6000
Chairman, President and Chief Executive Officer
or
Peter M. Folger, 978-251-6000
Senior Vice President and Chief Financial Officer
www.courier.com