July 16, 2004

A.B.Dick to be Sold to Presstek Via Chapter 11 Reorganization

A.B.Dick also announced that it, its parent company, Paragon Corporate Holdings, Inc., and Paragon subsidiaries Itek Graphix, Inc., Interactive Media Group, and Multigraphics LLC today filed voluntary petitions for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. During the Chapter 11 process, A.B.Dick and all its units will continue to manufacture and deliver products and provide services to customers as usual.

A.B.Dick Company celebrates 120 years as a leading worldwide supplier to the graphic arts and printing industry in 2004.
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