EXHIBIT 99.1


                                 FOR:   Consolidated Graphics, Inc.
                         APPROVED BY:   Ronald E. Hale, Jr.
                                        Vice President & Treasurer
                                        (713) 529-4200
                             CONTACT:   Betsy Brod/Nancy Healy
                                        Media: Stan Froelich
                                        Morgen-Walke Associates, Inc.
                                        (212) 850-5600


                        CONSOLIDATED GRAPHICS TO ACQUIRE
               AUSTIN PRINTING COMPANY, INC. IN ATLANTA, GEORGIA

     HOUSTON, TEXAS -- JULY 8, 1997 -- CONSOLIDATED GRAPHICS, INC. (NYSE/CGX)
today announced the signing of a letter of intent to acquire Austin Printing
Company, Inc. in Atlanta, Georgia in a non-taxable stock-for-stock transaction.
Other terms were not disclosed.

     Austin Printing Company is a high-quality sheet-fed commercial printer
serving many of Atlanta's leading companies. The company was founded in 1967 by
Charles Austin, who will continue as Chairman of the Board. Commenting on his
company's decision to join Consolidated Graphics, Mr. Austin said, "After
spending thirty years growing this company, I am pleased to see it will continue
under its existing name and be a part of the best group of printing companies in
America." Mike Strickland, President of Austin Printing, stated, "Speaking for
myself and our employees, we are very excited to be joining the Consolidated
Graphics family of companies. As part of a larger organization, we look forward
to utilizing the resources that will become available to us to increase our
already strong level of customer service."

     Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented "We are very pleased that Austin Printing has decided to
join Consolidated Graphics as our first entry into the Atlanta market -- a very
important U.S. printing market. Austin Printing has a dedicated group of
employees who, together with Charlie Austin and Mike Strickland and their
management team, have successfully established a reputation for quality
craftsmanship and superior customer service. Austin Printing will be an
excellent addition to our already strong group of companies."

     Consolidated Graphics, Inc. is one of the fastest growing printing
companies in the U.S. It is a consolidator in a highly fragmented industry,
adding value to its acquisitions through its managerial and operational
expertise, financial strength, and economies of scale. Upon completion of
pending announced acquisitions, Consolidated Graphics will operate 22 companies
in 17 markets with annualized run-rate revenues in excess of $200 million.