Ennis Business Forms, Inc. Announces Letter of Intent to Acquire Calibrated Forms Co., Inc

Business Wire, August 26, 2002

Business Editors

DESOTO, Texas--(BUSINESS WIRE)--Aug. 26, 2002

Ennis Business Forms, Inc. (NYSE:EBF) announced today that they have signed a letter of intent to acquire Calibrated Forms Co., Inc., a business forms manufacturer, headquartered in Columbus, Kan. Terms of the transaction were not disclosed.

Keith S. Walters, Chairman, President and Chief Executive Officer commented, "We are very pleased with the opportunity that an acquisition of Calibrated presents. They are a formidable competitor with a history of success. It is our intent to capitalize on their operational efficiencies, and continue with their strong management team and product offering which will help to strengthen Ennis in the wholesale business forms marketplace and ultimately provide the best product and services to our distributors."

Ennis Business Forms, Inc., (NYSE:EBF) is one of the largest private-label printed business product suppliers in the United States. Headquartered in DeSoto, Texas, the Company has 29 production facilities located in 12 states, strategically located to serve the Company's national network of distributors. Ennis offers an extensive product line from simple to complex forms, laser cut-sheets, negotiable documents, internal bank forms, tags, labels, presentation folders, commercial printing, advertising specialties, screen printed products, and point-of-purchase display advertising that can be custom designed to customer needs. In addition, Ennis maintains highly proficient regional Customer Sales Centers to support distributors in their business efforts.

Management's comments contain forward-looking statements that reflect the Company's current view with respect to future revenues and earnings. These statements are subject to numerous uncertainties, including (but not limited to) the rate at which the traditional business forms market is contracting, the application of technology to the production of business forms, demand for the Company's products in the context of a contracting market, variability in the prices of paper and other raw materials, and competitive conditions associated with the Company's products. Because of such uncertainties readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of August 26, 2002.