Workflow Management, Inc. Parent Company of WorkflowOne, to Acquire The Relizon Company

Greenwich, CT - Workflow Management, Inc., parent company of WorkflowOne, one of North America's largest providers of printing and promotional products announced today that they signed an agreement to acquire the Dayton, Ohio-based Relizon Company, a leading North American supplier of business process solutions for document outsourcing, billing and marketing. Upon the completion of the acquisition, WorkflowOne and Relizon will stand as an over $1 billion powerhouse in the North American document management solution market, with unsurpassed client-focused capabilities. In addition, over 5,000 employees and 25,000 combined clients from WorkflowOne and Relizon will mutually benefit from a broader portfolio of products and services.

"Workflow Management, Inc.'s acquisition of Relizon combines the strengths of our two organizations, our clients will continue to receive outstanding service from a progressive company with even deeper resources in production, sourcing and logistics," said Greg Mosher, chairman and CEO of Workflow Management, Inc. and WorkflowOne. "We look forward to exploring new ways to make our client's business lives easier and more efficient."

"Both companies share a passion for driving measurable returns for clients by developing innovative solutions and effective sourcing," said Rodney Hedeen, Relizon's president and CEO. "This acquisition creates a powerful new enterprise with even greater expertise to help clients optimize their supply chain."

Both Relizon and WorkflowOne will leverage their respective strengths to provide clients with:

• An extensive range of offerings, with stronger capabilities


• Unmatched buying power in print, promotional products and related products and services


• Deeper expertise in analytics, creative services, marketing, fulfillment, commercial print and promotional products


• Broad North American footprint in manufacturing, warehousing and distribution


• Large, experienced workforce strategically located across North America


• Flexible, powerful technology platform for streamlined supply management


• The commitment to deliver creative solutions that impact clients' businesses positively

Relizon has been a portfolio company of The Carlyle Group, a private equity firm, since August 2000. Relizon was advised in the transaction by CIBC World Markets Corp and Banc of America Securities. Latham & Watkins LLP provided legal counsel to Relizon.

Workflow Management, Inc. is a portfolio company of Perseus, L.L.C., a merchant bank and private equity fund management company with offices in Washington D.C. and New York; and The Renaissance Group, LLC. Workflow Management Inc. was advised in the transaction by Credit Suisse First Boston and has obtained financing commitments from Credit Suisse, National City Bank and Royal Bank of Canada in connection with the acquisition. Hogan & Hartson L.L.P. provided legal counsel to Workflow Management, Inc. Workflow Management, Inc. recently announced a re-branding of their portfolio companies to WorkflowOne, consolidating a number of Workflow Management, Inc.'s holdings under one brand.

The terms of the agreement were not disclosed. The closing of the transaction is subject to satisfaction of customary closing conditions, receipt of all necessary regulatory approvals and is expected to occur in October 2005.

About Relizon

Relizon helps customers achieve measurable results through business process improvements in document management, billing, and marketing fulfillment services. Through serving more than 12,000 customers across a wide variety of industries for nearly 20 years, Relizon has created a leading portfolio of "best practices" in each of its solution areas. Customers who source key processes from Relizon are better able to meet their business objectives, whether it's improved cash flow, revenue growth, or bottom-line savings. Applying a unique combination of deep process knowledge, operational and industry expertise, and attention to detail, Relizon solves business communications problems and delivers measurable results, year after year. Relizon is headquartered in Dayton, Ohio. Visit us at www.relizon.com.

About WorkflowOne

WorkflowOne is a full-service print and promotional products provider focused on the delivery of service-oriented, cost-effective solutions that clients and prospects value in their business acceleration efforts. As a 78-year-old industry leader, WorkflowOne services include marketing services, print production and promotional products, as well as warehousing, fulfillment and distribution of printed and non-printed materials. Its supply chain expertise allows the company to streamline client processes with a unique business model that combines extensive hands-on account services with an unmatched global sourcing network. For more information on WorkflowOne, visit www.workflowone.com or call (770) 441-3288.

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