Courier Sells Creative Homeowner

  Courier Sells Creative Homeowner

       Publisher of Home & Garden Titles Goes to Fox Chapel Publishing

Business Wire

NORTH CHELMSFORD, Mass. -- September 3, 2014

Courier Corporation (Nasdaq: CRRC), one of America’s leading innovators in
book manufacturing, publishing and content management, today announced the
sale of certain of its Creative Homeowner publishing assets to Fox Chapel
Publishing of East Petersburg, Pennsylvania. Acquired by Courier in 2006,
Creative Homeowner’s assets include more than 100 active titles in home
design, home improvement, landscaping and gardening. Fox Chapel publishes
books, magazines, patterns, and videos in areas ranging from woodworking,
jewelry making and sewing to boating, farming and beer-making. Terms of the
transaction were not disclosed.

About Courier Corporation

Courier Corporation is America’s second largest book manufacturer and a leader
in content management and customization in new and traditional media. It also
publishes books under two brands offering more than 10,000 titles. Founded in
1824, the company is headquartered in North Chelmsford, Massachusetts. For
more information, visit

This news release includes forward-looking statements, including statements
relating to the Company's financial expectations for fiscal year 2014,
including sales, EBITDA and earnings per share. 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.
Some of the factors that could affect actual results include, among others,
pricing actions by competitors and other competitive pressures in the markets
in which the Company competes, consolidation among customers and competitors,
changes in customers’ demand for the Company’s products, including seasonal
changes in customer orders and shifting orders to lower cost regions,
increased concentration with a few customers, success in the execution of
acquisitions and the performance and integration of acquired businesses
including carrying value of intangible assets and contingent consideration,
performance of investments in foreign subsidiaries and exposure to risks of
operating internationally, restructuring and impairment charges required under
generally accepted accounting principles, insolvency of key customers or
vendors, changes in technology including migration from paper-based books to
digital, changes in market growth rates, changes in obligations of
multiemployer pension plans 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, changes in raw material costs and availability, changes in the
Company’s labor relations, changes in operating expenses including medical and
energy costs, difficulties in the startup 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 and changes in the Company’s effective income tax rate. 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.


Courier Corporation
James F. Conway III, 978-251-6000
Chairman, President and Chief Executive Officer
Peter M. Folger, 978-251-6000
Senior Vice President and Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.