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Pregis Announces First Quarter 2008 Financial Results
Date:5/9/2008

es 10,037 9,389

Other 7,277 7,124

Stockholder's equity:

Common stock - $0.01 par

value; 1,000 shares

authorized, 149.0035

shares issued and

outstanding at March

31, 2008 and December

31, 2007 - -

Additional paid-in

capital 149,843 149,659

Accumulated deficit (19,860) (16,588)

Accumulated other

comprehensive income 20,878 20,586

Total stockholder's

equity 150,861 153,657

Total liabilities and

stockholder's equity $890,754 $855,319

Pregis Holding II Corporation

Consolidated Statements of Operations

Unaudited

(dollars in thousands)

Three Months Ended March 31,

2008 2007

Net sales $259,322 $239,017

Operating costs and

expenses:

Cost of sales, excluding

depreciation

and amortization 202,494 178,002

Selling, general and

administrative 34,739 31,982

Depreciation and

amortization 13,540 12,676

Other operating expense

(income)
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SOURCE Pregis Corporation
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