CUNNINGHAM GRAPHICS INTERNATIONAL

The Company provides a wide range of graphic communications services to financial institutions and corporations, focusing on producing and distributing time-sensitive analytical research and marketing materials and on providing on-demand printing services. The Company, which commenced operations in 1989, operates in select international markets through its facilities in the United States and through alliances with Roda, its strategic partner in the United Kingdom, and with i... ts strategic partner in Hong Kong. The Company is a major producer of financial research reports, having produced over 2 billion pages during 1997. The Company provides services, on a non-exclusive basis, to 13 of the top 20 leading investment banking firms in the United States as ranked by Institutional Investor in October 1997 based on their capabilities in providing research and analysis.More