TBC services all of Hawaii's major islands and is headquartered on the island of Oahu, in Honolulu. The acquisition of the firm not only furthers the ARC strategy of establishing a leading position in major metropolitan areas across the country, but also helps close the geographical gap between the Company's U.S.-based operations, eastern Asian markets, and UDS, ARC's joint venture with Beijing-based Unisplendour in China.
Allan Dowsett, President of TBC, said, "We continue to see tremendous opportunities in Hawaii and joining ARC will help us pursue them. With nearly 100 years in this market, we're excited to be growing here on the islands, and also to be able to look across the Pacific in both directions for new business. As a part of ARC, we're going to be able to offer our clients all the services of a global reprographics firm on the mainland to the east, as well as to the west in Asia and the Far East."
"TBC fits in perfectly with our global expansion plans," said K. "Suri" Suriyakumar, President and CEO of American Reprographics Company. "The company is remarkably well-established in its home market of Hawaii, but there's still plenty of room for growth. And with its location nearly half-way across the Pacific, TBC has a natural advantage in helping us bring our services into Asia. We're very happy to have them on board."
About American Reprographics Company
American Reprographics Company is the leading reprographics company in the United States providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. The Company provides these services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality, which also require sophisticated document management services. American Reprographics Company provides its core services through its suite of reprographics technology products, a network of more than 300 locally branded reprographics service centers across the U.S., and on-site at more than 5,000 customer locations. The Company's service centers are arranged in a hub and satellite structure and are digitally connected as a cohesive network, allowing the provision of services both locally and nationally to more than 140,000 active customers.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that fall within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 regarding future events and the future financial performance of the Company. Words such as "will, " plans" and "see," and similar expressions also identify forward-looking statements. We wish to caution you that such statements are only predictions and actual results may differ materially as a result of risks and uncertainties that pertain to our business. These risks and uncertainties include, among others:
-- The current downturn or a future general downturn in the architectural, engineering and construction industries could diminish demand for our products and services; -- Competition in our industry and innovation by our competitors may hinder our ability to execute our business strategy and maintain our profitability; -- Failure to anticipate and adapt to future changes in our industry could harm our competitive position; -- Failure to manage our acquisitions, including our inability to integrate and merge the business operations of the acquired companies, and failure to retain key personnel and customers of acquired companies could have a negative effect on our future performance, results of operations and financial condition; -- Dependence on certain key vendors for equipment, maintenance services and supplies, could make us vulnerable to supply shortages and price fluctuations; -- Damage or disruption to our facilities, our technology centers, our vendors or a majority of our customers could impair our ability to effectively provide our services and may have a significant impact on our revenues, expenses and financial condition; -- If we fail to continue to develop and introduce new services successfully, our competitive positioning and our ability to grow our business could be harmed.
The foregoing list of risks and uncertainties is illustrative but is by no means exhaustive. For more information on factors that may affect future performance, please review our SEC filings, specifically our annual report on Form 10-K for the year ended December 31, 2007, and our quarterly reports on Form 10-Q for the quarter ended March 31, 2008. These documents contain important risk factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. These forward-looking statements are based on information as of July 11, 2008, and except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements.
Contact: David Stickney VP of Corporate Communications Phone: 925-949-5100 Email: Email Contact