Valassis' Reply to ADVO's Pretrial Brief Available
08 Diciembre 2006 - 8:10AM
PR Newswire (US)
LIVONIA, Mich., Dec. 8 /PRNewswire-FirstCall/ -- Valassis
Communications, Inc. (NYSE:VCI) announced that a public version of
its reply to ADVO's (NYSE:AD) pretrial brief 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, Ruder Finn/RF|Binder, +1-212-994-7505, , Andy Hopson, Ruder
Finn, +1-312-329-3916, ; Investor Relations Contact: Sherry
Lauderback, Valassis Investor Relations, +1-734-591-7374, , Mary
Broaddus, Valassis Investor Relations, +1-734-591-7375, Web site:
http://www.valassis.com/
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