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DESIGNER GREETINGS ACQUIRES GLITTERWRAP

EDISON, NJ……Designer Greetings, Inc., one of the largest greeting card companies in the United States, announced today that it has acquired Glitterwrap, Inc., a manufacturer of high design gift bags and wrap, via the US subsidiary of International Greetings PLC, one of the world’s largest manufacturers of paper and stationery products.

Similar in history, Designer Greetings and Glitterwrap have both been family-owned companies as well as operated by brother and sister. Steven Gimbelman is President of Designer Greetings and Fern Gimbelman is Co-President and Art Director.

“We are excited about the opportunity to combine the fine and extensive Glitterwrap™ and Festive™ gift wrap offerings with our outstanding Designer Greetings reputation for service and turnaround time,” says Steven Gimbelman.

The full transition has been completed, with shipments of wrap and bags from the state-of-the-art warehouse at the new Edison headquarters of Designer Greetings.

Designer Greetings, an industry award-winning greeting card publisher with over 25 years of experience, is one of the largest in the United States. Its lines of over 20,000 everyday and seasonal cards – from traditional to alternative - are virtually unrivalled in terms of quality, value and depth. The Company also offers packaged invitations and thank you notes and an extensive gift wrap program. A major supplier of greeting cards to card and gift shops, party stores and drug stores, Designer Greetings is additionally the parent corporation of licensed retail concept CARD$MART – “50% Off Every Card, Every DayŽ” acquired in 2006 as well as Red Farm Studio acquired in 2009.

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