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                                                                    EXHIBIT 99.3

                      FORM OF NOTICE OF GUARANTEED DELIVERY

      This form, or one substantially equivalent to this form, must be used to
exercise Subscription Rights pursuant to the Rights Offering described in the
prospectus dated August __, 2001 (the "Prospectus") of Gunther International,
Ltd., a Delaware corporation (the "Company"), if a holder of Subscription Rights
cannot deliver the Subscription Certificate(s) evidencing the Subscription
Rights (the "Subscription Certificate(s)"), to the Subscription Agent listed
below (the "Subscription Agent") at or prior to 5:00 p.m., New York City time,
on September __, 2001 (as it may be extended, the "Expiration Date"). This
Notice of Guaranteed Delivery must be sent by facsimile transmission or mail to
the Subscription Agent, and must be received by the Subscription Agent on or
prior to the Expiration Date. See "The Rights Offering - Guaranteed Delivery
Procedures" in the Prospectus. Payment of the Subscription Price of $.50 per
share for each share of Common Stock subscribed for upon exercise of such
Subscription Rights must be received by the Subscription Agent in the manner
specified in the Prospectus at or prior to 5:00 p.m., New York City time, on the
Expiration Date, even if the subscription Certificate evidencing such
Subscription Rights is being delivered pursuant to the procedure for guaranteed
delivery thereof. The Subscription Certificate evidencing such Subscription
Rights must be received by the Subscription Agent within three (3) OTC trading
days after the Expiration Date.

The addresses of the Subscription Agent are as follows:



If by First Class Mail, Registered Mail:    If by Overnight Delivery:

                                         
American Stock Transfer & Trust Company     American Stock Transfer & Trust Company

- ----------------------------------------    ---------------------------------------

- ----------------------------------------    ---------------------------------------

- ----------------------------------------    ---------------------------------------



The Subscription Agent's telephone number is (___) ___-________ and its
facsimile number is (___) ____-____________.

      DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR
TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE OTHER THAN AS SET FORTH ABOVE DOES
NOT CONSTITUTE A VALID DELIVERY.

Ladies and Gentlemen:

The undersigned hereby represents that he or she is the holder of Subscription
Certificate(s) representing Subscription Rights issued by Gunther International,
Ltd. and that such Subscription Certificate(s) cannot be delivered to the
Subscription Agent at or before 5:00 p.m., New York City time, on the Expiration
Date. Upon the terms and subject to the conditions set forth in the Prospectus,
receipt of which is hereby acknowledged, the undersigned hereby elects to
exercise the Subscription Privilege to subscribe for one share of
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Common Stock per Subscription Right with respect to each of the number of
Subscription Rights represented by such Subscription Certificate and shares set
forth below pursuant to the Over-Subscription Privilege described in the
Prospectus.

No. of Subscription Rights exercised pursuant to
Basic Subscription Privilege (shares subscribed for):  _________________________

         plus

No. of Shares subscribed for pursuant to
Over-Subscription Privilege:                           _________________________

                                         TOTAL:        _________________________
                                                                          X $.50

TOTAL PAYMENT DUE:                                    $_________________________

The undersigned understands that payment of the Subscription Price of $.50 per
share for each share of Common Stock subscribed pursuant to the Basic
Subscription Privilege and the Over-Subscription Privilege must be received by
the Subscription Agent at or before 5:00 p.m., New York City time, on the
Expiration Date and represents that such payment, in the aggregate amount set
forth above, either (check appropriate box):

      [_]   is being delivered to the Subscription Agent herewith; or

      [_]   has been delivered separately to the Subscription Agent, and is or
            was delivered in the manner set forth below (check appropriate box
            and complete information relating thereto):

            [_]   uncertified check (NOTE: Payment by uncertified check will not
                  be deemed to have been received by the Subscription Agent
                  until such check has been cleared. Holders paying by such
                  means are urged to make payment sufficiently in advance of the
                  Expiration Date to ensure that such payment clears by such
                  date).

            [_]   certified check

            [_]   bank draft (cashier's check)

            [_]   postal, telegraphic or express money order

            [_]   wire transfer of immediately available funds



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If by certified check, bank draft or express money order, please provide the
following information:

         Name of maker:_________________________________________________________
         Date of check, draft or money order:___________________________________

      Bank on which check is drawn on issuer of money order:____________________

Signature(s): __________________________  Address: _____________________________
              __________________________           _____________________________
              __________________________           _____________________________
                                                   (please type or print)

Name(s): _______________________________  Telephone: ___________________________
              (please type or print)                   (please type or print)

Subscription
Certificate No.(s): ____________________



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