Heritage Press, Inc.

Dallas, Texas

has been acquired by

Graphic Industries, Inc.

Atlanta, Georgia

Capital Alliance Corporation initiated
this transaction and assisted in its closing.

Heritage Press, Inc.

The Selling Company: Heritage Press is a consistently profitable, commercial printer with annual sales exceeding $15 million. This company specializes in high quality color printing for major nationwide customers.

Why the Company Was Sold: The majority stockholder was a few years from his target retirement age. He wanted liquidity for retirement and to establish an orderly transition when he retired that would ensure the continued success of the company.

Capital Alliance’s Performance: Confidential efforts by Capital Alliance resulted in several offers from qualified and screened acquirer in the weeks preceding the closing. This “silent auction” environment conducted by Capital Alliance created a competitive environment among the acquirers that caused this transaction to close 14 days after the letter of intent was signed!

Terms of the Transaction: The selling shareholders received a substantial cash down payment, notes, non-compete payments, and multi-year employment agreements. The majority shareholder was able to retire several years after the closing.

The Acquiring Company: Graphic Industries is a consistently profitable, rapidly growing public company with annual sales in excess of $150 million. They provide high quality printing services through a network of over 28 wholly-owned nationwide printing companies that have been acquired over the past 40 years. Annual sales have increased for 36 consecutive years. Graphic Industries actively seeks top quality printers in growth markets.