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THE SANGAMON COMPANY COMPLETES THE SALE OF ITS GREETING CARD DIVISION TO IMAGECRAFT, INC. AND ACQUIRES NEW FINANCING

November 6, 1998

On November 6, 1998, The Sangamon Company completed the sale of its Greeting Card Division and certain other assets to Imagecraft, Inc. New financing including both a term loan and a revolving credit facility for ongoing operations was also acquired through The CIT Group during this quarter. Conway, Del Genio, Gries & Co. served as advisors in both of these transactions.

Together, these transactions allow Sangamon to focus its efforts on its burgeoning Service Advantage business as well as its traditional stationery manufacturing and distribution division.

The sale of Sangamon’s Greeting Card Division provides for the integration of Sangamon’s quality line of cards with that of Imagecraft for distribution throughout the United States and Canada.

For further information, please contact Robert A. Del Genio of Conway, Del Genio, Gries & Co., LLC, a firm specializing in corporate finance advisory services with a focus on restructurings and mergers and acquisitions. Mr. Del Genio’s telephone number is (212) 813-1300.