Exhibit 99-1
FOR IMMEDIATE RELEASE
Contact: David E. Bosher Steve Traugott
Cadmus Communications XyEnterprise
804.287.5680 c/o Demaree Public Relations
bosherd@cadmus.com 603.428.4411
straugott@demaree-pr.com
Cadmus and XyEnterprise Partner to Deliver Next Generation
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Publishing System for Scientific, Technical and Medical Market
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RICHMOND, VA - February 21, 2001 - Cadmus Communications Corporation (Nasdaq/NM:
CDMS), the world's largest provider of content management and production
services to scholarly, scientific, technical, and medical (STM) publishers, and
Xyvision Enterprise Solutions, Inc. ("XyEnterprise"), a leading innovator and
developer of XML content management and publishing software, announced today a
strategic partnership to develop and market a fully integrated content creation,
production management and multi-channel publishing system for the STM market.
Commenting on the collaboration, Bruce V. Thomas, president and CEO of Cadmus,
stated, "As the largest manager of content in the STM market, we have been
moving aggressively to capitalize on this position by introducing new
capabilities to facilitate multi-channel, article-based delivery of our
customers' content. With this new system, we will offer the most comprehensive
STM publishing solution available. Moreover, by deploying the system as a hosted
application, we will help STM publishers enjoy the benefits of digital content
management and workflows without their needing the overhead of system
maintenance and support."
Continuing, Mr. Thomas stated, "We have said that we aspire to become the
`automated document factory' for STM organizations seeking assistance with
multi-channel, article-based delivery. With this integration of XyEnterprise's
highly regarded technology and our industry-leading content management
capabilities, we believe we have taken another important step forward toward
that goal."
Kevin Duffy, president and CEO of XyEnterprise, said, "Cadmus and XyEnterprise
have a long history of partnership and innovation in the STM publishing
community. In the 1980's, collaboration between Cadmus and XyEnterprise
revolutionized the then highly manual-intensive page composition process. We
believe this new partnership will result in similarly dramatic breakthroughs in
an even more challenging publishing and information management environment.
XyEnterprise is excited about this important partnership and proud of the vote
of confidence given to our company by Cadmus."
The New "IEPS" (Integrated Electronic Publishing System)
IEPS is already well into the development and testing phase. When deployed, it
will facilitate the entire publishing process from original manuscript creation
and submission, through peer review and acceptance, to production and
multi-channel delivery. It is designed to leverage the benefits of
XML/SGML-based content management and digital workflow, including shorter
delivery cycles, delivery in printed, web and other digital formats, and asset
reuse from a single-source repository. Customers will have complete flexibility
to participate in or manage various steps in the workflow via a web interface.
The system and its users will be supported by Cadmus' proven digital production
services organization.
Deployed at Cadmus' digital publishing services centers, the IEPS system will be
maintained and supported by Cadmus and XyEnterprise content management,
publishing and information technology experts. The joint development project,
which is already well underway, will integrate Cadmus' powerful web-based Rapid
Review(TM) and S-proof(TM) systems with XyEnterprise's single-source, XML
content management and workflow system, Content@(TM) and high-performance page
composition engine, XML Professional Publisher (XPP). The companies also will
jointly fund the development of advanced business support modules capable of
tracking, managing and reporting on the status of thousands of parallel
in-process projects.
About Cadmus Communications Corporation
Headquartered in Richmond, Va., Cadmus Communications Corporation (Nasdaq/NM:
CDMS) provides end-to-end, integrated communications services to professional
publishers, not-for-profit societies and corporations. Cadmus is the largest
provider of content management and production services to scientific, technical,
and medical journal publishers in the world, the fifth largest special interest
magazine producer, and the fourth largest publications printer in North America.
For more information, please contact Cadmus at 804-287-5680 or www.cadmus.com.
About XyEnterprise
With headquarters in Reading, Mass., Xyvision Enterprise Solutions, Inc.
(XyEnterprise), provides organizations of all sizes with content and document
management solutions that streamline the information creation and delivery
process. XyEnterprise combines its own XML content management, workflow and
publishing software with integration services to build enterprise wide solutions
for the collaborative creation, management, assembly, and multi-channel
distribution of information. Its customer base includes industry-leading
companies in the aerospace, automotive, telecommunications, standards and
publishing markets. These customers include Boeing, IBM, Gulfstream, Telcordia,
Sun Microsystems, Lucent, ASTM, and many others. XyEnterprise is an operating
company of Azul Holdings, Inc. (OTC/BB: AZUL), Boulder, Colorado. For more
information, please contact Paul Macero of XyEnterprise at 781.756.5229 or
www.xyenterprise.com.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Information in this release relating to Cadmus' future prospects and
performance are "forward-looking statements" and, as such, are subject to risks
and uncertainties that could cause actual results to differ materially.
Potential risks and uncertainties include but are not limited to: (1) the
overall economic environment in North America, (2) the ability of the Company to
integrate XyEnterprise's capabilities and services to take advantage of changes
in the STM journals publishing process and the Company's content management
business, (3) continuing competitive pricing in the markets in which the Company
competes, (4) the gain or loss of significant customers or the decrease in
demand from existing customers, (5) the ability of the Company to continue to
obtain improved efficiencies and lower overall production costs, (6) changes in
the Company's product sales mix, (7) the impact of industry consolidation among
key customers, and (8) the ability of the Company to operate profitably and
effectively with high levels of indebtedness. The information included in this
release is representative only on the date hereof, and the Company undertakes no
obligation to update any forward-looking statements made.