Valassis Announces it Will Release Fourth Quarter 2006 Results on Feb. 7
29 Enero 2007 - 7:30AM
PR Newswire (US)
Provides Update on Integration Planning Efforts LIVONIA, Mich. Jan.
29 /PRNewswire-FirstCall/ -- Valassis (NYSE:VCI), the leading
company in marketing services and Connective Media(TM), announced
today that in anticipation of its pending acquisition of ADVO, Inc.
(NYSE:AD), it will release its fourth-quarter 2006 results on
Wednesday, Feb. 7, 2007, prior to market open. Valassis management
will host an investor call at 11 a.m. (EST) on that date and
expects to provide guidance on the combined company during that
time. The company also expects to file its 2006 Form 10-K with the
Securities and Exchange Commission on or about Feb. 12. Valassis
management is actively working on integration planning to ensure a
smooth transition upon the close of the ADVO transaction.
Management noted they are pleased with the integration planning
progress as well as the cooperation from ADVO management since the
settlement of the litigation. "The integration planning process has
further strengthened our belief in the strategic rationale of this
acquisition," said Alan F. Schultz, Valassis Chairman, President
and CEO. "We clearly see a path to provide optimized media planning
for our customers. The combined company will be positioned for
growth and will create a competitive advantage in the marketplace."
The ADVO transaction is subject to certain closing conditions,
including the approval of ADVO's shareholders. The company
anticipates the transaction to close in the first half of March
2007. 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; risks associated with the availability,
timing and cost of financing Valassis' proposed acquisition of
ADVO, Inc., which may affect the timing of the closing of the
acquisition; the failure of ADVO's shareholders to approve
Valassis' proposed acquisition of ADVO; and the challenges and
costs of achieving synergies in connection with the proposed ADVO
acquisition and integrating 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. 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/. DATASOURCE: Valassis CONTACT: Investor
Relations, Sherry Lauderback, Director, Investor Relations,
+1-734-591-7374, or , or Media, Mary Broaddus, Manager, Corporate
Communications, +1-734-591-7375, or , both of Valassis Web site:
http://www.valassis.com/
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