Gunther International Announces Completion of the Sale of Mail Inserting Segment

 
 
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Tags:
Mail Inserting
Mailing Systems
Ink Jet

Industry:
Manufacturing

Location:
Norwich - Connecticut - US

NORWICH, Conn. - Jan. 3, 2018 - PRLog -- Gunther International Ltd. (OTC Pink Sheets:  SORT.PK), a leading designer and manufacturer of high-volume, intelligent software-driven mailing systems, and ink jet imagers as well as products for the packaging industry emphasizing product traceability, today announced it has completed the sale of the assets of the Mail Inserting segment of the business to Bell and Howell.

The sale that was for substantially all of the assets of the Mail Inserting Segment was completed effective January 1, 2018.

The Company will continue to operate all aspects of the Ink Jet segment of the business. Marc Perkins, President and Chief Executive Officer of the Company stated, "This sale will allow the Company to focus all its resources on the Ink Jet Printing segment that continues to show strong revenue growth".

The Company posts current financial statements and other important information on PinkSheets.com (http://www.Otcmarkets.com; symbol: SORT.PK), as well as the Company's own website (http://guntherintl.com).

About Gunther International

Founded in 1981 and headquartered in Norwich, Connecticut, Gunther International Ltd. and its wholly-owned subsidiary inc.jet, Inc. (together, the "Company") consist of two business segments: Mail Inserting and Ink Jet. The Mail Inserting segment designs, develops, assembles, markets and services high speed systems that automatically assemble printed documents, fold, staple or bind the documents and insert completed documents into appropriate envelopes for mailing or other distribution.  The Ink Jet segment designs, develops, markets and services ink jet imagers as well as sells product into the packaging industry emphasizing product traceability.  The Company's products are dependent upon proprietary technology and require especially skilled engineers and technicians to design, enhance and produce them to meet customer needs.  Gunther International is publicly traded on OTC Pink Sheets under the symbol "SORT.PK".  Additional Company information is available at www.guntherintl.com.

Statements in this release concerning Gunther's business outlook, future financial and operating results, and overall future prospects are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: general economic conditions globally or regionally; business and economic conditions in the mailing industry; changes in overall technology spending; increases in competition; the timing of orders and their fulfillment; availability and cost of key parts and supplies; ability to establish and maintain relationships with customers; variations in the expected mix of products sold; changes in customer mix; customer and industry analyst perceptions of Gunther and its technology, products and future prospects; delays in scheduled product availability; market acceptance of our products and services; rapid technological and market change; adoption of regulations or standards affecting our products, services or industry; the ability to successfully acquire, integrate and manage businesses and technologies; product defects, returns or vulnerabilities; the ability to recruit and retain key personnel; currency fluctuations; and litigation; and other factors listed in our most recent audited financial statements. All statements made in this press release are made only as of the date set forth at the beginning of this release. Gunther undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.

Contact
William Blaskiewicz
***@guntherintl.com
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Tags:Mail Inserting, Mailing Systems, Ink Jet
Industry:Manufacturing
Location:Norwich - Connecticut - United States
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