Preserving Profitability in a Challenging Ecomony
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Another road that TST/Impreso is exploring, which Sorokwasz mentioned last year, is going private. "We feel it may be in our best interest," he explained. "We signed an engagement letter with Matrix Capitol—a division of the Money Group—to find a strategic investor to take us private."
Noting that resellers were "vital" to TST/Impreso's efforts in 2003, Sorokwasz remains somewhat optimistic for what lies ahead. "We expect paper prices to recover, and that will put pressure on prices to rise," he said. "We also expect the economy to improve, which will help the overall business forms industry, but electronic data availability will offset possible gains. I foresee increased industry sales in 2004 if the economy continues to improve."
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