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Gunther International Announces Completion of the Sale of Mail Inserting Segment
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;
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;