1 EXHIBIT 99.1 GUNTHER PARTNERS, LLC 667 Madison Avenue, 7th Floor New York, NY 10021 September 25, 2001 Mr. Marc I. Perkins President and CEO Gunther International, Ltd. One Winnenden Road Norwich, CT 06360-1570 Dear Mr. Perkins: In accordance with a $4,000,000 term note dated October 2, 1998 (the "Term Note") by and between Gunther Partners, LLC (the "Lender") and Gunther International, Ltd. (the "Company"), the Company is obligated to make seven (7) monthly principal payments in the amount of $200,000 each under the Term Note commencing on October 1, 2001 and continuing and including April 1, 2002. The Lender hereby agrees to defer payment of all principal and interest otherwise due under the Term Note after the date of this letter until the date which is the earlier of (a) the date which is thirty (30) days following the expiration of the Company's planned rights offering to its stockholders or (b) December 31, 2001. Sincerely yours, GUNTHER PARTNERS, LLC By:/s/ Thomas J. Tisch ______________________________________ Name: Thomas J. Tisch Title: Managing Member