Valassis' Pretrial Brief in ADVO Matter Available on Company Web Site
04 Diciembre 2006 - 2:22PM
PR Newswire (US)
LIVONIA, Mich., Dec. 4 /PRNewswire-FirstCall/ -- Valassis
Communications, Inc. (NYSE:VCI) announced that a public version of
its pretrial brief regarding its litigation with ADVO, Inc.
(NYSE:AD) has been posted on the Company's web site,
http://www.valassis.com/ . Valassis filed suit on August 30, 2006,
seeking to rescind its $1.3 billion merger agreement with ADVO
based on fraud and material adverse changes. Proceedings are
scheduled to begin December 11, 2006. About Valassis Valassis
offers a wide range of marketing services to consumer packaged
goods manufacturers, retailers, technology companies and other
customers with operations in the United States, Europe, Mexico and
Canada. Valassis' products and services portfolio includes:
newspaper-delivered promotions and advertisements such as inserts,
sampling, polybags and on-page advertisements; direct-to-door
advertising and sampling; direct mail; Internet-delivered
marketing; loyalty marketing software; coupon and promotion
clearing; and promotion planning and analytic services. Valassis
has been listed as one of FORTUNE magazine's "Best Companies to
Work For" for nine consecutive years. Valassis subsidiaries include
Valassis Canada, Promotion Watch, Valassis Relationship Marketing
Systems, LLC and NCH Marketing Services, Inc. For additional
information, visit the company Web site at http://www.valassis.com/
. Safe Harbor and Forward-Looking Statements Certain statements
found in this document constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks and uncertainties and other factors which may cause the
actual results, performance or achievements of Valassis to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following:
price competition from Valassis' existing competitors; new
competitors in any of Valassis' businesses; a shift in customer
preference for different promotional materials, strategies or
coupon delivery methods; an unforeseen increase in Valassis' paper
costs; economic disruptions caused by terrorist activity, armed
conflict or changes in general economic conditions; changes which
affect the businesses of Valassis customers and lead to reduced
sales promotion spending; the uncertainty with respect to, and the
ultimate outcome of, the ongoing litigation initiated by Valassis
to rescind the merger agreement with ADVO; and if Valassis does not
prevail in such litigation, risks associated with the availability,
timing and cost of financing the acquisition, the failure to
achieve synergies in connection with the merger and the failure to
successfully integrate ADVO's operations. Valassis disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. DATASOURCE: Valassis CONTACT: Media Contact: Robert
Ferris of Ruder Finn/RF|Binder, +1-212-994-7505; Andy Hopson of
Ruder Finn, +1-312-329-3916, ; Investor Relations Contact: Sherry
Lauderback, +1-734-591-7374, , or Mary Broaddus, +1-734-591-7375, ,
both of Valassis Investor Relations Web site:
http://www.valassis.com/
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