Arsenal Capital Partners Invests in DG3 ( Partners with Management to Create ...)

Arsenal Capital Partners Invests in DG3

Date:4/9/2008

Partners with Management to Create Leading, Full-Service Global Graphic

Communication Services Organization

NEW YORK, April 9, 2008 /PRNewswire/ -- Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare and financial services companies, today announced that it has completed its acquisition of Diversified Global Graphics Group ("DG3"). Arsenal and the company's management team, led by CEO Dr. Michael Cunningham, acquired DG3 in a proprietary transaction directly from Peter Furlonge the majority shareholder and former Chairman.

DG3 is a leading, global provider of commercial printing and graphic communication services and has annual revenues of $150 million. DG3 markets its services to a diverse base of blue-chip customers in the financial, pharmaceutical, academic and corporate markets, and serves these customers on a global basis from operations in North America, Europe and Asia.

Dr. Michael Cunningham, who founded DG3, formerly known as Cunningham Graphics International Inc. in 1989 and took it public in 1998 (Nasdaq:CGII), recently re-joined the company. Dr. Cunningham, who received his doctorate from New York University, is a Clinical Professor of Entrepreneurship at the San Diego State University College of Business Administration, where he teaches international business strategy and business planning. He is also a Research Professor from Industry at Cal Poly's graphic communications department and an Adjunct Associate Professor at New York University.

The management team and Board of the company will be strengthened with the addition of Laurence H. Bloch as its new Chairman. Mr. Bloch is a publishing industry
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SOURCE Arsenal Capital Partners
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