Standard Register chief says company poised for growth - Business Courier of Cincinnati:

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Dennis Rediker, president and chief executive officere of StandardRegister (NYSE: SR), made thosr comments during the company's annual shareholders meetinf Thursday while giving an update on the company'e growth strategy. "We are positioned now with our cost structurde toleverage growth," Rediker "The challenge will be to The meeting took place at the company'e Dayton headquarters with about 50 peopl in attendance. Standard Register, locall document services provider, announced a cost reduction plan in July 2007 to reduce its annual operating costsby $40 million. The companh cut 250 jobs -- 70 of which where in Dayton -- and consolidate its Middlebury, Vt.
, plantr in June last year and saw $35 million in savingws from the plan during the seconfd halfof 2007. Rediker said in ordert for the company to grow it needss to investin people, products and services and development. He said Standard Registert needs to change the mix byachievinb double-digit increases in growth segments such as print-on-demand, maintain a good cost have double-digit earnings growthn and generate cash to fund dividends and retirement.
Rediker said he believe s the company is undervalued in its stock price which is why he and Bob vice president ofinvestor relations, and Craig chief financial officer, have been pro-actively marketing the companu to investors since November 2007 to driv the stock price up. "This is not a good time for smalol cap companies but we need to present our storygto would-be investors, so when we the time is we are well positioned," he Also at the meeting, shareholderz approved an increase to the numberd of board members from seven to eight, electexd two new members and re-elected currentt members.
David Bailis, who runs his own consultinvg company; Michael Kohlsdorf, president, chief executive officer of , and; Eric McCarthey, presidentt of 's 7-Eleven Global busines team. Roy Begley, senior vice president and investment officer at groul ofJohn Schiff, chairman and chief executive officer of and John manufacturer representative with David chairman of Standard Register providesx document services to the health financial services, manufacturing and other industries.
It employs abourt 3,700 people overall and 550 in