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Pregis Announces Fouth Quarter and Full Year 2007 Financial Results
Date:3/19/2008

ized,

149.0035 shares issued

and outstanding at

December 31, 2007 and

2006 - -

Additional paid-in

capital 149,659 149,101

Accumulated deficit (16,588) (11,809)

Accumulated other

comprehensive income 20,586 6,968

Total stockholder's

equity 153,657 144,260 Total liabilities and

stockholder's equity $855,319 $797,032

Pregis Holding II Corporation

Consolidated Statements of Operations

Unaudited

(dollars in thousands)

Three Months Ended Year Ended

December 31, December 31,

2007 2006 2007 2006

Net sales $253,689 $235,341 $979,399 $925,499

Operating costs and

expenses:

Cost of sales,

excluding

depreciation

and amortization 192,933 180,445 740,235 713,550

Selling, general and

administrative 39,691 34,346 137,180 125,944

Depreciation and

amortization 15,063 13,981 55,799 53,179

Other operating

expense, net 1,074 363 190 234

Total operating costs

and expenses 248,761 229,135 933,404 892,907

Operating income 4,928 6,206 45,995 32,592

Interest expense 11,953 10,944 46,730 42,535

Interest income (428) (6) (1,325) (246)

Foreign exchange loss

(gain), net 1,188 (2,266) (2,339) (6,139)

Income (loss) be
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SOURCE Pregis Corporation
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