Wednesday January 13, 6:01 am Eastern Time

Company Press Release

Cunningham Graphics International Acquires Hong
Kong Printer

JERSEY  CITY,   N.J.--(BUSINESS   WIRE)--Jan.   13,  1999--Cunningham   Graphics
International,  Inc.  (NASDAQ  NM:  CGII-  news)  announced  today  that  it has
completed the acquisition of Workable Company Limited (Workable), a full service
printing  company with  operations in Hong Kong and  Singapore.  Established  in
1988, Workable has been Cunningham Graphics International's strategic partner in
Asia for more than 2 years and is the  leading  printer of  research  reports in
Hong Kong.

The purchase price of the transaction was approximately $12.3 million,  paid 50%
in cash and 50% in common  stock of the  company,  plus the  assumption  of $0.7
million of  indebtedness.  The purchase  price may increase,  depending upon the
earnings of  Workable  over the next 3 years,  up to a maximum of an  additional
$3.8 million.  Management expects the acquisition of Workable to be accretive to
Cunningham  Graphics' 1999 earnings.  Inclusive of this acquisition,  Cunningham
Graphics' annualized revenues are in excess of $70 million.

Workable,  an ISO  9001  certified  company,  has  invested  in state of the art
printing,  digital and data  communications  technology and maintains around the
clock operations to provide overnight  shipments to financial centers throughout
Asia.  Eight out of  Workable's  top ten  clients  are US &  European  financial
services companies.  Workable's operations will continue to be supervised by its
current management team led by Evan Lam, the Managing Director.

Workable has been a member of the World Research  Link(TM) for the past 2 years.
The  World  Research  Link  (TM),  founded  by  Cunningham   Graphics  in  1994,
facilitates the expeditious  distribution of time- sensitive  financial research
reports throughout select  international  financial markets.  Through the use of
high-  speed  electronic  links  among the  Company's  facilities  in the United
States,  the United Kingdom and Hong Kong, the Company is able to print research
reports  concurrently  through  these three  principal  international  financial
markets while eliminating certain distribution costs.

Michael Cunningham, Chairman and Chief Executive Officer of Cunningham Graphics,
commented,  "We are very pleased to  strengthen  our  position in the  important
Asian  market  through  the  acquisition  of this  well run  company.  Under the
leadership  of Evan Lam,  Workable has grown it's revenues over the past 5 years
at a 22% compounded  annual growth rate while  maintaining  impressive  margins.
This  acquisition  is in line  with our  growth  strategy  to  pursue  strategic
acquisitions  in order  to  expand  our base of  operations  and  capitalize  on
geographic cross-selling opportunities. We are continuing to pursue aggressively
additional   acquisitions   within  the  printing  industry  and  are  currently
evaluating a number of potential acquisition candidates."

Cunningham continued,  "We will continue to seek complementary operations in the
United States, the United Kingdom and other international markets which, possess
attractive characteristics,  including major customers with significant printing
needs, such as insurance companies,  publishing  companies and universities.  We
are targeting  acquisition  candidates  with;  (i) annual net sales ranging from
$3.0 to $25.0 million;  (ii) attractive growth prospects within their respective
markets; (iii) complementary technological capabilities;  (iv) opportunities for
economies  of scale and  synergies  with our  existing  operations;  (v) a solid
reputation  with  established  customer  relationships;  and (vi) an experienced
management  team. We are also pursuing  "tuck-in"  acquisitions  in the New York
metro market as a means to expand our existing operations, add product lines and
services as well as expand our customer base."

Cunningham   Graphics   provides   time-sensitive   printing  and  distribution,
commercial printing,  and outsourcing services to a blue-chip client base in the
financial  services,  insurance and publishing  industries.  Cunningham Graphics
currently operates in select international markets through its facilities in the
United States, the United Kingdom, Hong Kong and Singapore.




This press release may contain forward-looking  statements,  which involve known
and unknown  risks,  uncertainties  or other  factors  that could  cause  actual
results to materially differ from the results, performance or other expectations
implied  by  these  forward-looking  statement.  Factors  which  could  cause or
contribute to such differences include, but are not limited to, continued demand
for its services,  the availability of raw materials,  the impact of competitive
services  and  pricing,  risks  in  technology  development,  changing  economic
conditions  and other risk factors  detailed in the  Company's  filings with the
Securities and Exchange Commission.

Contact:

     Gordon Mays
     Executive Vice President
     201-217-1990 Ext. 225
               or
     Robert Okin
     Chief Financial Officer
     201-217-1990 Ext. 305
               or
     Vince Daniels/John Nesbett
     Lippert/Heilshorn & Associates
     212-838-3777