| West Virginia                                                  |   | 55-0717455                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

|  Large accelerated filero |  Accelerated filer  o |  Non-accelerated filero                        | Smaller reporting company þ |
|--------------------------------|--------------------------------------|-----------------------------------------------------|----------------------------------|
|                           |                                 |  (Do not check if a smaller reporting company) |                             |

|  Class                                   |   |  Outstanding at July 31, 2012 |
|-----------------------------------------------|--------|-----------------------------------------|
|  Common stock, $1.00 par value per share |   | 11,299,528 shares                       |

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|                                                                                                                       |  Page No. |
|----------------------------------------------------------------------------------------------------------------------------|----------------|
|  Part I.   Financial Information                                                                       |           |
|   Item 1.  Financial Statements                                                                             |           |
|     Consolidated Balance Sheets (Unaudited)                                                            | 3              |
|     Consolidated Statements of Operations (Unaudited)                                             | 5              |
|     Consolidated Statements of Cash Flows (Unaudited)                                                  | 6              |
|     Notes to Consolidated Financial Statements                                                         | 7              |
|   Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 22             |
|   Item 3.  Quantitative and Qualitative Disclosure About Market Risk                                        | 33             |
|   Item 4.  Controls and Procedures                                                                          | 33             |
|  Part II. Other Information                                                                                      |           |
|     Item 1. Legal Proceedings                                                                          | 34             |
|   Item 1A.  Risk Factors                                                                                    | 34             |
|   Item 6.  Exhibits                                                                                         | 34             |
|  Signatures                                                                                                           | 35             |

----

| ASSETS                                                                     |     | July 31,   |   |   |     | October 31,      |   |
|----------------------------------------------------------------------------|----------|-----------------|--------|--------|----------|------------------|--------|
|                                                                       |     | 2012(Unaudited) |   |   |     | 2011             |   |
| Current assets:                                                            |     |            |   |   |     |             |   |
| Accounts receivable, net of allowance of $1,329,000 and $643,000           |   $ | 12,841,470      |   |   |   $ | 15,493,693       |   |
| Inventories                                                                |     | 7,206,717       |   |   |     | 7,420,934        |   |
| Income tax refund                                                          |     | -               |   |   |     | 9,293            |   |
| Other current assets                                                       |     | 685,190         |   |   |     | 558,560          |   |
| Current portion assets held for sale/discontinued operations (see Note 12) |     | 3,170,216       |   |   |     | 4,776,233        |   |
| Deferred income tax assets                                                 |     | -               |   |   |     | 864,108          |   |
| Total current assets                                                       |     | 23,903,593      |   |   |     | 29,122,821       |   |
|                                                                       |     |            |   |   |     |             |   |
| Property and equipment, at cost:                                           |     |            |   |   |     |             |   |
| Land                                                                       |     | 1,468,506       |   |   |     | 1,485,506        |   |
| Buildings and improvements                                                 |     | 10,106,645      |   |   |     | 10,167,233       |   |
| Machinery and equipment                                                    |     | 47,445,986      |   |   |     | 47,157,146       |   |
| Furniture and fixtures                                                     |     | 4,066,381       |   |   |     | 4,035,895        |   |
| Vehicles                                                                   |     | 3,003,328       |   |   |     | 3,157,597        |   |
|                                                                       |     | 66,090,846      |   |   |     | 66,003,377       |   |
| Less accumulated depreciation                                              |     | (50,946,037     | )      |   |     | (48,829,619      | )      |
|                                                                       |     | 15,144,809      |   |   |     | 17,173,758       |   |
|                                                                       |     |            |   |   |     |             |   |
| Non-current assets held for sale/discontinued operations (see Note 12)     |     |   -        |   |   |     |   2,585,636 |   |
| Goodwill                                                                   |     | 3,457,322       |   |   |     | 12,968,255       |   |
| Deferred financing costs                                                   |     | 432,846         |   |   |     | 830,323          |   |
| Other intangibles, net of accumulated amortization                         |     | 4,557,107       |   |   |     | 4,778,052        |   |
| Trademark and masthead                                                     |     | 3,648,972       |   |   |     | 3,648,972        |   |
| Deferred tax asset, net of current portion                                 |     | -               |   |   |     | 10,894,159       |   |
| Other assets                                                               |     | 72,750          |   |   |     | 22,306           |   |
|                                                                       |     | 12,168,997      |   |   |     | 35,727,703       |   |
| Total assets                                                               | $        | 51,217,399      |   |   | $        | 82,024,282       |   |

----

| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                        | July 31,   |        |   | October 31, |   |
|---------------------------------------------------------------------------------------------------|-----------------|-------------|--------|-------------|--------|
|                                                                                              | 2012(Unaudited) |        |   | 2011        |   |
| Current liabilities:                                                                              |            |        |   |        |   |   |   |
| Notes payable, line of credit (see Note 5)                                                        | $               | 8,325,496   |   |        | $      | 9,725,496 |   |
| Negative book cash balances                                                                       |            | 535,144     |   |        |   | 1,153,931 |   |
| Accounts payable                                                                                  |            | 4,378,672   |   |        |   | 4,440,438 |   |
| Deferred revenue                                                                                  |            | 778,951     |   |        |   | 737,748 |   |
| Accrued payroll and commissions                                                                   |            | 1,080,844   |   |        |   | 1,393,147 |   |
| Taxes accrued and withheld                                                                        |            | 1,373,860   |   |        |   | 1,030,201 |   |
| Accrued expenses                                                                                  |            | 2,100,711   |   |        |   | 2,113,442 |   |
| Current portion liabilities held for sale/discontinued operations (see Note 5 and Note 12)        |            | 3,170,216   |   |        |   | 7,313,199 |   |
| Notes payable (see Note 5)                                                                        |            | 28,117,738  |   |        |   | 32,753,687 |   |
| Total current liabilities                                                                         |            | 49,861,632  |   |        |   | 60,661,289 |   |
|                                                                                              |            |        |   |        |   |   |   |
| Long-term debt, net of current portion:                                                           |            |        |   |        |   |   |   |
| Notes payable - related party (see Note 5)                                                        |            | 2,000,000   |   |        |   | - |   |
| Notes payable (see Note 5)                                                                        |            | 120,524     |   |        |   | 430,997 |   |
| Other liabilities                                                                                 |            | 2,400       |   |        |   | 3,750 |   |
| Total liabilities                                                                                 |            | 51,984,556  |   |        |   | 61,096,036 |   |
| Shareholders’ (deficit) equity:                                                             |            |        |   |        |   |   |   |
| Common stock, $1 par value, 20,000,000 shares authorized;11,299,528 shares issued and outstanding |            | 11,299,528  |   |        |   | 11,299,528 |   |
| Additional paid-in capital                                                                        |            | 23,267,024  |   |        |   | 23,267,024 |   |
| Retained deficit                                                                                  |            | (35,333,709 | )      |        |   | (13,638,306 | ) |
| Total shareholders’ (deficit) equity                                                        |            | (767,157    | )      |        |   | 20,928,246 |   |
| Total liabilities and shareholders’ (deficit) equity                                        | $               | 51,217,399  |   |        | $      | 82,024,282 |   |

----

|                                                            |   | Three Months EndedJuly 31, | Nine Months EndedJuly 31, |    |
|-----------------------------------------------------------------|--------|----------------------------|---------------------------|---------|
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
|                                                            |   |                       | 2012                      |    |   | 2011 |   |   | 2012 |   |   | 2011 |   |
| Revenues:                                                       |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Printing                                                        |   | $                          | 13,238,479                |    | $ | 13,236,045 |   | $ | 42,472,910 |   | $ | 40,605,581 |   |
| Office products and office furniture                            |   |                       | 9,814,219                 |    |   | 8,891,852 |   |   | 27,131,439 |   |   | 25,192,019 |   |
| Newspaper                                                       |   |                       | 3,287,779                 |    |   | 3,469,014 |   |   | 10,555,313 |   |   | 10,805,874 |   |
| Total revenues                                                  |   |                       | 26,340,477                |    |   | 25,596,911 |   |   | 80,159,662 |   |   | 76,603,474 |   |
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Cost of sales and newspaper operating costs:                    |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Printing                                                        |   |                       | 10,113,136                |    |   | 10,100,048 |   |   | 31,322,979 |   |   | 30,740,419 |   |
| Office products and office furniture                            |   |                       | 7,326,952                 |    |   | 6,487,843 |   |   | 19,457,407 |   |   | 18,080,071 |   |
| Newspaper cost of sales and operating costs                     |   |                       | 1,952,750                 |    |   | 2,031,114 |   |   | 6,146,802 |   |   | 6,140,277 |   |
| Total cost of sales and newspaper operating costs               |   |                       | 19,392,838                |    |   | 18,619,005 |   |   | 56,927,188 |   |   | 54,960,767 |   |
| Gross profit                                                    |   |                       | 6,947,639                 |    |   | 6,977,906 |   |   | 23,232,474 |   |   | 21,642,707 |   |
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| D Selling, general, & administrative expenses               |   |                       | 6,968,310                 |    |   | 6,090,114 |   |   | 21,439,281 |   |   | 18,105,883 |   |
| Asset impairments/restructuring charges                         |   |                       | 273,892                   |    |   | - |   |   | 9,784,825 |   |   | 220,658 |   |
| (Loss) income from operations                                   |   |                       | (294,563                  | )  |   | 887,792 |   |   | (7,991,632 | )  |   | 3,316,166 |   |
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Other income (expenses):                                        |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Interest expense - related party                                |   |                       | (16,611                   | )       |   | (16,295 | ) |   | (39,000 | ) |   | (65,316 | ) |
| Interest expense                                                |   |                       | (1,101,571                | )  |   | (906,430 | )  |   | (2,720,264 | )  |   | (2,640,639 | )  |
| Gain on early extinguishment of debt from related party         |   |                       |  -                   |    |   | 1,337,846 |   |   | - |   |   |  1,337,846 |   |
| Other                                                           |   |                       | (10,935                   | )  |   | 15,104 |   |   | 21,188 |   |   | 36,306 |   |
|                                                            |   |                       | (1,129,117                | )  |   | 430,225 |   |   | (2,738,076 | ) |   | (1,331,803 | ) |
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| (Loss) income from continuing operations before income taxes    |   |                       | (1,423,680                | )  |   | 1,318,017 |   |   | (10,729,708 | )  |   | 1,984,363 |   |
| Income tax benefit (expense)                                    |   |                       | 309,275                   |    |   | (535,170 | ) |   | (11,443,625 | ) |   | (829,208 | )  |
| Net (loss) income  from continuing operations              |   |                       | (1,114,405                | )  |   | 782,847 |   |   | (22,173,333 | )  | $ | 1,155,155 |   |
| Net income from discontinued operations                         |   |                       |  521,445             |    |   |  93,630 |   |   |   477,932 |   |   |   287,255 |   |
| Net (loss) income                                               |   |  $                    |  (592,960            | )  | $ |  876,477 |   | $ |  (21,695,401 | ) |   |  1,442,410 |   |
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| (Loss) Earnings per share                                       |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Basic and diluted (loss) income from continuing operations |   | $                          | (0.10                     | )  | $ | 0.08 |   | $ | (1.96 | )  | $ | 0.11 |   |
| Basic and diluted income from discontinued operations      |   | $                          | 0.05                      |    | $ | 0.01 |   | $ | 0.04 |   | $ | 0.03 |   |
| Total  (loss) earnings per common share                    |   | $                          |   (0.05              | )  | $ |   0.09 |   | $ |   (1.92 | )  | $ |   0.14 |   |
|                                                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                            |   |                       |                      |    |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                               |   |                       | 11,300,000                |    |   | 10,173,000 |   |   | 11,300,000 |   |   | 10,050,000 |   |
| Dividends per share                                             |   | $                          | 0.00                      |    | $ | 0.00 |   | $ | 0.00 |   | $ | 0.00 |   |

----

|                                                                                |   | Nine Months Ended July 31, |              |
|-------------------------------------------------------------------------------------|--------|----------------------------|-------------------|
|                                                                                |   |                       |              |   |   |
|                                                                                |   | 2012                       |              | 2011 (Restated) |   |
| Cash flows from operating activities:                                               |   |                       |              |   |   |
| Net (loss) income                                                                   |   | $                          | (21,695,401       | )  | $ | 1,442,410 |   |
| Income from discontinued operations                                                 |   |                       | 477,932           |   |   | 287,255 |   |
| (Loss) income from continuing operations                                            |   |                       |  (22,173,333 | )  |   |  1,155,155 |   |
| Adjustments to reconcile net (loss) income to cashprovided by operating activities: |   |                       |              |   |   |   |   |
| Depreciation and amortization                                                       |   |                       | 2,823,599         |   |   | 2,959,055 |   |
| Loss (gain) on sale of assets                                                       |   |                       | 12,839            |   |   | (25,153 | )  |
| Gain on sale of division                                                            |   |                       | -                 |   |   |   (1,337,846 | ) |
| Deferred income taxes                                                               |   |                       | 11,758,267        |   |   | 1,262,546 |   |
| Deferred financing costs                                                            |   |                       | 397,477           |   |   | 316,590 |   |
| Bad debt expense                                                                    |   |                       | 799,017           |   |   | 67,303 |   |
| Restructuring charges                                                               |   |                       | 48,038            |   |   | 249,509 |   |
| Intangible impairment                                                               |   |                       | 9,510,933         |   |   | - |   |
| Asset impairment                                                                    |   |                       | 225,854           |   |   |  - |   |
| Changes in assets and liabilities:                                                  |   |                       |              |   |   |   |   |
| Accounts receivable                                                                 |   |                       | 1,853,206         |   |   | (93,837 | )  |
| Inventories                                                                         |   |                       | 214,217           |   |   | 524,260 |   |
| Other current assets                                                                |   |                       | (4,588            | ) |   | (129,019 | ) |
| Accounts payable                                                                    |   |                       | (109,807          | ) |   | 399,000 |   |
| Deferred revenue                                                                    |   |                       | 41,203            |   |   | 29,710 |   |
| Accrued payroll and commissions                                                     |   |                       | (312,303          | ) |   | (792,619 | ) |
| Taxes accrued and withheld                                                          |   |                       | 343,659           |   |   | 191,399 |   |
| Accrued income taxes                                                                |   |                       | 9,293             |   |   | (212,353 | ) |
| Accrued expenses                                                                    |   |                       | (12,731           | ) |   | (343,114 | ) |
| Other liabilities                                                                   |   |                       | (1,350            | ) |   | (1,350 | ) |
| Net cash provided by operating activities - continuing operations                   |   |                       | 5,423,490         |   |   | 4,219,236 |   |
| Net cash provided by operating activities - discontinued operations                 |   |                       |  156,216     |   |   |  (30,544 | )  |
| Net cash provided by operating activities                                      |   |                       |  5,579,706   |   |   |  4,188,692 |   |
|                                                                                |   |                       |              |   |   |   |   |
| Cash flows from investing activities:                                               |   |                       |              |   |   |   |   |
| Purchases of property and equipment                                                 |   |                       | (539,604          | ) |   | (865,020 | ) |
| Proceeds from sales of property                                                     |   |                       | 166,578           |   |   | 290,467 |   |
| Change in other assets                                                              |   |                       | (50,444           | ) |   | 3,875 |   |
| Net cash (used in) investing activities - continuing operations                     |   |                       | (423,470          | ) |   | (570,678 | ) |
| Net cash provided by (used in) investing activities - discontinued operations  |   |                       |  3,031,015   |   |   |  (92,321 | )  |
| Net cash provided by (used in) investing activities                                 |   |                       |  2,607,545   |   |   |  (662,999 | ) |
|                                                                                |   |                       |              |   |   |   |   |
| Cash flows from financing activities:                                               |   |                       |              |   |   |   |   |
| Borrowings on line of credit                                                        |   |                       | 11,531,004        |   |   | 30,940,000 |   |
| Payments on line of credit                                                          |   |                       | (11,531,004       | ) |   | (31,640,000 | ) |
| (Decrease) increase in negative book cash balances                                  |   |                       | (618,787          | )  |   | 899,988 |   |
| Forbearance fee                                                                     |   |                       | (122,042          | )  |   | - |   |
| Proceeds from term debt & leases                                                |   |                       | 65,915            |   |   |  504,345 |   |
| Principal payments on long-term debt                                                |   |                       | (4,412,337        | ) |   | (4,230,026 | ) |
| Net cash (used in) financing activities - continuing operations                     |   |                       | (5,087,251        | ) |   | (3,525,693 | ) |
| Net cash (used in) financing activities - discontinued operations                   |   |                       | (3,100,000        | )  |   | - |   |
| Net cash (used in) financing activities                                             |   |                       | (8,187,251        | )  |   |  (3,525,693 | )  |
| Net decrease in cash and cash equivalents                                           |   |                       | -                 |   |   | - |   |
| Cash and cash equivalents, beginning of period                                      |   |                       | -                 |   |   | - |   |
| Cash and cash equivalents, end of period                                            |   | $                          | -                 |   | $ | - |   |

----

----

|                                 | July 31,2012 |            | October 31,2011 |
|--------------------------------------|--------------|-----------------|-----------------|
| Printing and newspaper:              |         |            |            |   |   |
| Raw materials                        | $            | 2,094,761       |            | $ | 2,144,761 |
| Work in process                      |         |  930,255   |            |   | 1,240,283 |
| Finished goods                       |         |  1,518,967 |            |   | 1,781,804 |
| Office products and office furniture |         | 2,662,734       |            |   | 2,254,086 |
|                                 | $            | 7,206,717       |            | $ | 7,420,934 |

|                                                                                                                               |   | July 31,2012 |             |   | October 31,2011 |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------------|--------|-----------------|--------|
| Installment notes payable to banks                                                                                                 |   | $                 | 639,362          |   |            | $      | 1,175,784 |   |
| Notes payable to related party                                                                                                     |   |              | 2,000,000        |   |            |   | - |   |
| Term loan facility with a syndicate of banks, collateralized by substantially all of the assets of the Company                     |   |              |  30,374,224 |   |            |   | 37,884,224 |   |
| Revolving line of credit loan facility with a syndicate of banks, collateralized by substantially all of the assets of the Company |   |              |  8,325,496  |   |            |   | 9,725,496 |   |
|                                                                                                                               |   |              |  41,339,082 |   |            |   | 48,785,504 |   |
| Less current portion revolving line of credit                                                                                      |   |              |  8,325,496  |   |            |   | 9,725,496 |   |
| Less long-term notes payable to related party                                                                                      |   |              |  2,000,000  |   |            |   | - |   |
| Less current portion long-term debt                                                                                                |   |              |  30,893,062 |   |            |   | 38,629,011 |   |
| Long-term debt, net of current portion and revolving line of credit                                                                |   | $                 | 120,524          |   |            | $      | 430,997 |   |

| Continuing operations:                                                                          |   |  July 31,2012 |   |   |  October 31,2011 |   |
|-------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|-----------------------|--------|
|      Long-term debt, net of current portion and revolving line credit  | $      |  120,524      |   | $      | 430,997               |   |
|      Current portion of long-term debt and revolving line of credit         |   |  36,443,234   |   |   |  42,479,183      |   |
|      Long-term notes payable to related party                               |   |  2,000,000    |   |   |  -               |   |
|      Total debt from continuing operations                                  |   | 38,563,758         |   |   | 42,910,180            |   |
| Liabilities held for sale/discontinued operations - debt                                   |   |  2,775,324    |   |   |  5,875,324       |   |
|      Total indebtedness                                                | $      |  41,339,082   |   | $      |  48,785,504      |   |

----

| (a) |   | pay a 0.10% extension fee based on the then-outstanding loans, interests in Letters of Credit and Unused Revolving Credit Commitments;                  |
|-----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) |   | continue services of bank group consultant as well as continued retention of Company advisors;                                                          |
| (c) |   | release and term debt pay down of remaining $500,000 under the provisions of the Contribution Agreement hereinafter described;                          |
| (d) |   | continue actions to effectuate certain transactions, including the financing of certain receivables and finalizing the Safeguard transaction; |
| (e) |   | agree to terms on a debt restructuring by September 15, 2012 subject to credit approval and documentation;                                              |
| (f) |   | minimum EBITDA covenant for August 2012 of $400,000;                                                                                                    |
| (g) |   | aggregate revolving credit commitments of $13,000,000.                                                                                             |

----

----

----

|                            |   | Payments Due by Fiscal Year |
|---------------------------------|--------|-----------------------------|
| Contractual Obligations         |   | 2012                        |   | 2013 |   | 2014 |   | 2015 |   |   2016 |   |        Residual |   |   | Total |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cancelable operating leases |   | $                           |  405,191 |   | $ | 1,355,104 |   | $ | 652,807 |   |  $ | 125,578 |   |  $ |  119,820 |   |  $ | 59,910 |   |  $ | 2,718,410 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revolving line of credit        |   |                        | 8,325,496 |   |   | - |   |   | - |   |   | - |   |   |  - |   |   |  - |   |   | 8,325,496 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Notes payable - related party   |   |                        | - |   |   | - |   |   | 2,000,000 |   |   | - |   |   |  - |   |   |  - |   |   | 2,000,000 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Term debt                       |   |                        | 30,542,729 |   |   | 391,126 |   |   | 79,731 |   |   | - |   |   |  - |   |   |  - |   |   | 31,013,586 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   | $                           | 39,273,416 |   | $ | 1,746,230 |   | $ | 2,732,538 |   | $ | 125,578 |   |  $ |  119,820 |   |  $ | 59,910 |   |  $ | 44,057,492 |   |

----

| 2012 Quarter 3                      |   | Printing |       | Office Products & Furniture |   | Newspaper  |   | Total  |       |
|-------------------------------------|--------|----------|------------|---------------------------------|--------|------------|--------|--------|------------|
|                                |   |     |       |                            |   |       |   |   |       |
| Revenues                            |   | $        | 14,546,393 |                            | $      | 11,147,025 |   | $      | 3,287,779  |   | $ | 28,981,197 |   |
| Elimination of intersegment revenue |   |     | (1,307,914 | )                               |   | (1,332,806 | )      |   | -          |   |   | (2,640,720 | ) |
| Consolidated revenues               |   | $        | 13,238,479 |                            | $      | 9,814,219  |   | $      | 3,287,779  |   | $ | 26,340,477 |   |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |
| Operating (loss) income             |   |     | (1,026,931 | )                          |   | 325,980    |   |   | 406,388    |   |   | (294,563 | )  |
| Depreciation & amortization     |   |     | 618,191    |                            |   | 35,079     |   |   | 289,655    |   |   | 942,925 |   |
| Capital expenditures                |   |     | 116,586    |                            |   | 9,201      |   |   | 7,998      |   |   | 133,785 |   |
| Identifiable assets                 |   |     | 27,519,335 |                            |   | 7,617,268  |   |   | 12,477,734 |   |   | 47,614,337 |   |
| Goodwill                            |   |     | 2,226,837  |                            |   | 1,230,485  |   |   | -          |   |   | 3,457,322 |   |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |

| 2011 Quarter 3                      |   | Printing |       | Office Products & Furniture |   | Newspaper  |   | Total  |       |
|-------------------------------------|--------|----------|------------|---------------------------------|--------|------------|--------|--------|------------|
|                                |   |     |       |                            |   |       |   |   |       |
| Revenues                            |   | $        | 14,322,788 |                            | $      | 10,436,689 |   | $      | 3,469,014  |   | $ | 28,228,491 |   |
| Elimination of intersegment revenue |   |     | (1,086,743 | )                               |   | (1,544,837 | )      |   | -          |   |   | (2,631,580 | ) |
| Consolidated revenues               |   | $        | 13,236,045 |                            | $      | 8,891,852  |   | $      | 3,469,014  |   | $ | 25,596,911 |   |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |
| Operating income (loss)             |   |     | (136,692   | )                          |   | 576,903    |   |   | 447,581    |   |   | 887,792 |   |
| Depreciation & amortization     |   |     | 680,038    |                            |   | 33,851     |   |   | 287,621    |   |   | 1,001,510 |   |
| Capital expenditures                |   |     | 243,587    |                            |   | 12,732     |   |   | 8,770      |   |   | 265,089 |   |
| Identifiable assets                 |   |     | 31,174,473 |                            |   | 7,971,050  |   |   | 31,571,727 |   |   | 70,717,250 |   |
| Goodwill                            |   |     | 2,226,837  |                            |   | 1,230,485  |   |   | 11,874,961 |   |   | 15,332,283 |   |

----

| 2012 Year to Date                   |   | Printing |       | Office Products& Furniture |   | Newspaper  |   | Total  |       |
|-------------------------------------|--------|----------|------------|--------------------------------|--------|------------|--------|--------|------------|
|                                |   |     |       |                           |   |       |   |   |       |   |   |   |   |
| Revenues                            |   | $        | 45,823,145 |                           | $      | 31,441,048 |   | $      | 10,555,313 |   | $ | 87,819,506 |   |
| Elimination of intersegment revenue |   |     | (3,350,235 | )                              |   | (4,309,609 | )      |   | -          |   |   | (7,659,844 | ) |
| Consolidated revenues               |   | $        | 42,472,910 |                           | $      | 27,131,439 |   | $      | 10,555,313 |   | $ | 80,159,662 |   |
|                                |   |     |       |                           |   |       |   |   |       |   |   |   |   |
| Operating (loss) income   |   |     | (1,611,758 | )                         |   | 1,656,815  |   |   | (8,036,689 | )  |   | (7,991,632 | )  |
| Depreciation & amortization     |   |     | 1,870,455  |                           |   | 89,743     |   |   | 863,401    |   |   | 2,823,599 |   |
| Capital expenditures                |   |     | 437,590    |                           |   | 43,022     |   |   | 58,992     |   |   | 539,604 |   |
| Identifiable assets                 |   |     | 27,519,335 |                           |   | 7,617,268  |   |   | 12,477,734 |   |   | 47,614,337 |   |
| Goodwill                            |   |     | 2,226,837  |                           |   | 1,230,485  |   |   | -          |   |   | 3,457,322 |   |

| 2011 Year to Date                   |   | Printing |       | Office Products& Furniture |   | Newspaper  |   | Total  |       |
|-------------------------------------|--------|----------|------------|--------------------------------|--------|------------|--------|--------|------------|
|                                |   |     |       |                           |   |       |   |   |       |   |   |   |   |
| Revenues                            |   | $        | 44,190,431 |                           | $      | 30,000,857 |   | $      | 10,805,874 |   | $ | 84,997,162 |   |
| Elimination of intersegment revenue |   |     | (3,584,850 | )                              |   | (4,808,838 | )      |   | -          |   |   | (8,393,688 | ) |
| Consolidated revenues               |   | $        | 40,605,581 |                           | $      | 25,192,019 |   | $      | 10,805,874 |   | $ | 76,603,474 |   |
|                                |   |     |       |                           |   |       |   |   |       |   |   |   |   |
| Operating income                    |   |     | 248,285    |                           |   | 1,395,842  |   |   | 1,672,039  |   |   | 3,316,166 |   |
| Depreciation & amortization     |   |     | 2,001,807  |                           |   | 101,558    |   |   | 855,690    |   |   | 2,959,055 |   |
| Capital expenditures                |   |     | 758,870    |                           |   | 68,189     |   |   | 37,961     |   |   | 865,020 |   |
| Identifiable assets                 |   |     | 31,174,473 |                           |   | 7,971,050  |   |   | 31,571,727 |   |   | 70,717,250 |   |
| Goodwill                            |   |     | 2,226,837  |                           |   | 1,230,485  |   |   | 11,874,961 |   |   | 15,332,283 |   |

|                                                      |    | Three months     |                 | Nine months      |
|-----------------------------------------------------------|---------|------------------|----------------------|------------------|
|                                                      |    |  2012       |                 |  2011       |   | 2012 |   | 2011 |
| Revenue:                                                  |    |             |                 |             |   |   |   |   |
| Total segment revenues                               |  $ |  28,981,197 |  $              |  28,228,491 |  $ |  87,819,506 |  $ |  84,997,162 |
| Elimination of intersegment revenue                       |    |  (2,640,720 | )               |  (2,631,580 | )  |  (7,659,844 | )  |  (8,393,688) |
| Consolidated revenue                                      |  $ |  26,340,477 |  $              |  25,596,911 |  $ |  80,159,662 |  $ |  76,603,474 |
|                                                      |    |             |                 |             |   |   |   |   |
| Operating (loss) income:                             |    |             |                 |             |   |   |   |   |
| Total segment operating (loss) income                     |  $ |  (294,563   | )   $ |  887,792    |  $ |  (7,991,632 | )   $ |  3,316,166 |
| Interest expense - related party                          |    |  (16,611    | )               |  (16,295    | )  |  (39,000 | )  |  (65,316) |
| Interest expense                                          |    | (1,101,571       | )               |  (906,430   | )  |  (2,720,264 | )  | (2,640,639) |
| Gain on early extinguishment of debt from related party   |    |  -          |                 |  1,337,846  |   |  - |   | 1,337,846 |
| Other (expense) income                                    |    | (10,935          | )               | 15,104           |   |  21,188 |   | 36,306 |
| Consolidated (loss) income before income taxes            |  $ | (1,423,680       | )   $      | 1,318,017        |  $ |  (10,729,708 | )   $ |  1,984,363 |
|                                                      |    |             |                 |             |   |   |   |   |
| Identifiable assets:                                      |    |             |                 |             |   |   |   |   |
|     Total segment identifiable assets |  $ |  47,614,337 |  $              |  70,717,250 |  $ |  47,614,337 |  $ | 70,717,250 |
|     Assets not allocated to a segment      |    |  3,603,062  |                 |  17,444,350 |   |  3,603,062 |   |  17,444,350 |
|     Total consolidated assets              |  $ |  51,217,399 |  $              |  88,161,600 |  $ |  51,217,399 |  $ |  88,161,600 |

----

----

|                                                               |    |  Three Months EndedJuly 31, 2012  |    | Three Months EndedJuly 31, 2011 |    |   Nine Months EndedJuly 31, 2012 |    |  Nine Months  EndedJuly 31, 2011 |    |  Cumulative Total |
|--------------------------------------------------------------------|---------|--------------------------------------------------|---------|--------------------------------------|---------|-------------------------------------------------|---------|-------------------------------------------------|---------|------------------------|
|  Occupancy and equipment related costs                        |  $ |  -                                     |  $ | -                                    |  $ | -                                          |  $ |  123,553                                   |  $ | 1,618,965         |
|  Costs incurred to streamline production, personnel and other |    | 48,038                                           |    | -                                    |    | 48,038                                          |    |  97,105                                    |    |   612,764    |
|  Inventory                                                    |    | -                                           |    |  -                              |    | -                                          |    |  28,851                               |    |  200,380          |
|  Total                                                        |  $ | 48,038                                           |  $ | -                               |  $ | 48,038                                          |  $ | 249,509                                    |  $ | 2,432,109         |

|                                |    |  Occupancy and equipment related costs  |    |  Costs incurred to streamline production,personnel and other |    |  Total  |
|-------------------------------------|---------|---------------------------------------------------|---------|-------------------------------------------------------------------|---------|-------------------|
|                                |    |                                              |    |                                                              |    |              |
| Balance at October 31, 2011         |  $ | 865,849                                           |  $ |  55,575                                                      | $  |  921,424     |
|  2012 expenses                 |    |  -                                           |    |  48,038                                                      |    |  48,038      |
|  Paid in 2012                  |    |  (267,371)                                   |    |  (48,876)                                                    |    |  (316,247)   |
|                                |    |                                              |    |                                                              |    |              |
|  Balance at July 31, 2012 |  $ |  598,478                                     |  $ |  54,737                                                      |  $ |  653,215     |

----

|                                 |   | July 31, 2012 |            |   | October 31, 2011 |   |
|--------------------------------------|--------|--------------------|-----------------|--------|------------------|--------|
|                                 |   | Gross              |            |   |             |   |   | Gross |   |   |   |   |
|                                 |   | Carrying           |            |   | Accumulated      |   |   | Carrying |   |   | Accumulated |   |
|                                 |   | Amount             |            |   | Amortization     |   |   | Amount |   |   | Amortization |   |
| Amortizable intangible assets:       |   |               |            |   |             |   |   |   |   |   |   |   |
| Non-compete agreement                |   | $                  | 1,000,000       |   |             | $      | 1,000,000 |   |   | $ | 1,000,000 |   |   | $ | 1,000,000 |   |
| Customer relationships               |   |               | 2,451,073       |   |             |   | 996,410 |   |   |   | 2,451,073 |   |   |   | 904,837 |   |
| Advertising and subscriber base      |   |               | 4,989,768       |   |             |   | 1,915,407 |   |   |   | 4,989,768 |   |   |   | 1,804,660 |   |
| Other                                |   |               | 564,946         |   |             |   | 536,863 |   |   |   | 564,946 |   |   |   | 518,238 |   |
|                                 |   |               | 9,005,787       |   |             |   | 4,448,680 |   |   |   | 9,005,787 |   |   |   | 4,227,735 |   |
|                                 |   |               |            |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Unamortizable intangible assets:     |   |               |            |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                             |   |               | 3,964,600       |   |             |   | 507,278 |   |   |   | 13,475,533 |   |   |   | 507,278 |   |
| Trademark and masthead               |   |               | 3,648,972       |   |             |   | - |   |   |   | 3,648,972 |   |   |   | - |   |
|                                 |   |               |  7,613,572 |   |             |   | 507,278 |   |   |   | 17,124,505 |   |   |   | 507,278 |   |
|                                 |   |               |            |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Total goodwill and other intangibles |   | $                  | 16,619,359      |   |             | $      | 4,955,958 |   |   | $ | 26,130,292 |   |   | $ | 4,735,013 |   |
|                                 |   |               |            |   |             |   |   |   |   |   |   |   |   |   |   |   |

----

|  Ending October 31, |   |
|--------------------------|--------|
| 2012                     |   | $ | 71,814 |   |
| 2013                     |   |   | 287,261 |   |
| 2014                     |   |   | 275,970 |   |
| 2015                     |   |   | 269,761 |   |
| 2016                     |   |   | 269,761 |   |
| Thereafter               |   |   | 3,382,540 |   |
|                     |   | $ | 4,557,107 |   |

|                                                        |   | Printing |      |   | Office Products and Furniture |   |      | Newspaper |   |   | Total       |    |
|-------------------------------------------------------------|--------|----------|-----------|--------|-------------------------------|--------|-----------|-----------|--------|--------|-------------|---------|
|                                                        |   |     |      |   |                          |   |      |      |   |   |        |    |   |   |   |   |
| Balance as of October 31, 2011                              |   |     |      |   |                          |   |      |      |   |   |        |    |   |   |   |   |
| Goodwill                                                    |   | $        | 2,226,837 |   |                          | $      | 1,230,485 |      |   | $      | 35,437,456  |    |   | $ | 38,894,778 |   |
| Accumulated impairment losses                               |   |     | -         |   |                          |   | -         |      |   |   | (25,926,523 | )  |   |   | (25,926,523 | )  |
|                                                        |   |     | 2,226,837 |   |                          |   | 1,230,485 |      |   |   | 9,510,933   |    |   |   | 12,968,255 |   |
| Goodwill acquired nine months ended July 31, 2012 |   |     | -         |   |                          |   | -         |      |   |   | -           |    |   |   | - |   |
| Impairment losses nine months ended July 31, 2012 |   |     | -         |   |                          |   | -         |      |   |   | (9,510,933  | )       |   |   | (9,510,933 | ) |
| Balance at July 31, 2012                               |   |     |      |   |                          |   |      |      |   |   |        |    |   |   |   |   |
| Goodwill                                                    |   |     | 2,226,837 |   |                          |   | 1,230,485 |      |   |   | 35,437,456  |    |   |   | 38,894,778 |   |
| Accumulated impairment losses                               |   |     | -         |   |                          |   | -         |      |   |   | (35,437,456 | )       |   |   | (35,437,456 | ) |
|                                                        |   | $        | 2,226,837 |   |                          | $      | 1,230,485 |      |   | $      | -           |    |   | $ | 3,457,322 |   |

----

|                                                                      |   | Printing |   |   | Office Products and Furniture |   |   | Newspaper |   |   | Total       |   |
|---------------------------------------------------------------------------|--------|----------|--------|--------|-------------------------------|--------|--------|-----------|--------|--------|-------------|--------|
|                                                                      |   |     |   |   |                          |   |   |      |   |   |        |   |   |   |   |   |
| Balance as of October 31, 2011                                            |   |     |   |   |                          |   |   |      |   |   |        |   |   |   |   |   |
| Trademark and masthead                                                    |   | $        | -      |   |                          | $      | -      |      |   | $      | 18,515,316  |   |   | $ | 18,515,316 |   |
| Accumulated impairment losses                                             |   |     | -      |   |                          |   | -      |      |   |   | (14,866,344 | )      |   |   | (14,866,344 | ) |
|                                                                      |   |     | -      |   |                          |   | -      |      |   |   | 3,648,972   |   |   |   | 3,648,972 |   |
| Trademark and masthead acquired nine months ended July 31, 2012 |   |     | -      |   |                          |   | -      |      |   |   | -           |   |   |   | - |   |
| Impairment losses nine months ended July 31, 2012               |   |     | -      |   |                          |   | -      |      |   |   | -           |   |   |   | - |   |
| Balance at July 31, 2012                                                  |   |     |   |   |                          |   |   |      |   |   |        |   |   |   |   |   |
| Trademark and masthead                                                    |   |     | -      |   |                          |   | -      |      |   |   | 18,515,316  |   |   |   | 18,515,316 |   |
| Accumulated impairment losses                                             |   |     | -      |   |                          |   | -      |      |   |   | (14,866,344 | )      |   |   | (14,866,344 | )  |
|                                                                      |   | $        | -      |   |                          | $      | -      |      |   | $      | 3,648,972   |   |   | $ | 3,648,972 |   |

|                                                                            |   | Printing |    |   | Office Products and Furniture |   |      | Newspaper |   |   | Total      |   |
|---------------------------------------------------------------------------------|--------|----------|---------|--------|-------------------------------|--------|-----------|-----------|--------|--------|------------|--------|
|                                                                            |   |     |    |   |                          |   |      |      |   |   |       |   |   |   |   |   |
| Balance as of October 31, 2011                                                  |   |     |    |   |                          |   |      |      |   |   |       |   |   |   |   |   |
| Amortizing intangible assets (net of amortization expense)                      |   | $        | 564,698 |   |                          | $      | 1,028,246 |      |   | $      | 12,236,592 |   |   | $ | 13,829,536 |   |
| Accumulated impairment losses                                                   |   |     | -       |   |                          |   | -         |      |   |   | (9,051,484 | )      |   |   | (9,051,484 | ) |
|                                                                            |   |     | 564,698 |   |                          |   | 1,028,246 |      |   |   | 3,185,108  |   |   |   | 4,778,052 |   |
| Amortizing intangible assets acquired nine months ended July 31, 2012 |   |     | -       |   |                          |   | -         |      |   |   | -          |   |   |   | - |   |
| Impairment losses nine months ended July 31, 2012                     |   |     | -       |   |                          |   | -         |      |   |   | -          |   |   |   | - |   |
| Amortization expense nine months ended July 31, 2012                  |   |     | 79,522  |   |                          |   | 30,676    |      |   |   | 110,747    |   |   |   | 220,945 |   |
| Balance at July 31, 2012                                                        |   |     |    |   |                          |   |      |      |   |   |       |   |   |   |   |   |
| Amortizing intangible assets (net of amortization expense)                      |   |     | 485,176 |   |                          |   | 997,570   |      |   |   | 12,125,845 |   |   |   |  13,608,591 |   |
| Accumulated impairment losses                                                   |   |     | -       |   |                          |   | -         |      |   |   | (9,051,484 | )      |   |   | (9,051,484 | ) |
|                                                                            |   | $        | 485,176 |   |                          | $      | 997,570   |      |   | $      | 3,074,361  |   |   | $ | 4,557,107 |   |

| A summary of impairment charges is included in the table below: |
|-----------------------------------------------------------------|

|                     |   |   | Nine months end July 31, |   |
|--------------------------|--------|--------|------------------------------------|--------|
|                     |   |   | 2012                               |   |   | 2011 |   |
|                     |   |   |                               |   |   |   |   |
| Goodwill                 |   | $      |  9,510,933                    |   | $ | - |   |
| Other intangibles        |   |   | -                                  |   |   | - |   |
| Trademark & masthead |   |   | -                                  |   |   | - |   |
|                     |   | $      |  9,510,933                    |   | $ | - |   |
|                     |   |   |                               |   |   |   |   |

----

----

|                                            | Three Months Ended July 31, |      |
|-------------------------------------------------|-----------------------------|-----------|
|                                            |                        | 2012      |   | 2011 |   |
|                                            |                        | CGC       |   | Division Heldfor Sale |   | Total |   |   | CGC |   | Division Heldfor Sale |   | Total |   |
| Net sales                                       | $                           | 2,552,855 | $ | 1,450,899 | $ | 4,003,754 |   | $ | 4,406,955 | $ | 1,931,132 | $ | 6,338,087 |   |
| (Loss) earnings from discontinued operations    |                        | 99,090    |   | (173,795 | ) | (74,705 | ) |   | 111,318 |   | 46,309 |   | 157,627 |   |
| Income tax benefit (expense)                    |                        | (36,891   | ) | 64,706 |   | 27,815 |   |   | (45,195 | ) | (18,802 | ) | (63,997 | ) |
| Gain on sale of discontinuedoperations          |                        | 905,425   |   | - |   | 905,425 |   |   | - |   | - |   | - |   |
| Income tax (expense) on sale                    |                        | (337,090  | ) | - |   | (337,090 | ) |   | - |   | - |   | - |   |
| Net earnings (loss) fromdiscontinued operations |                        | 630,534   |   | (109,089 | ) | 521,445 |   |   | 66,123 |   | 27,507 |   | 93,630 |   |

|                                            | Nine Months Ended July 31, |       |
|-------------------------------------------------|----------------------------|------------|
|                                            |                       | 2012       |   | 2011 |   |
|                                            |                       | CGC        |   | Division Heldfor Sale |   | Total |   |   | CGC |   | Division Heldfor Sale |   | Total |   |
| Net sales                                       | $                          | 10,464,516 | $ | 4,709,906 | $ | 15,174,422 |   | $ | 13,629,159 | $ | 4,557,475 | $ | 18,186,634 |   |
| (Loss) earnings from discontinued operations    |                       | 176,825    |   | (320,848 | ) | (144,023 | ) |   | 464,931 |   | 28,635 |   | 493,566 |   |
| Income tax benefit (expense)                    |                       | (65,832    | ) | 119,452 |   | 53,620 |   |   | (194,341 | ) | (11,970 | ) | (206,311 | ) |
| Gain on sale of discontinued operations         |                       | 905,425    |   | - |   | 905,425 |   |   | - |   | - |   | - |   |
| Income tax (expense) on sale                    |                       | (337,090   | ) | - |   | (337,090 | ) |   | - |   | - |   | - |   |
| Net earnings (loss) fromdiscontinued operations |                       | 679,328    |   | (201,396 | ) | 477,932 |   |   | 270,590 |   | 16,665 |   | 287,255 |   |

|                                                                                                                                              |    |  Held for sale             |    |  Discontinued operations |                               |  Total     |   |    |  Held for sale |    |  Discontinued Operations |    |  Total     |
|---------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------------------------------|---------|-------------------------------|------------------------------------|-----------------|--------|---------|---------------------|---------|-------------------------------|---------|-----------------|
|                                                                                                                                              |    |    July 31, 2012 |    |                          |    October 31, 2011 |
| Assets:                                                                                                                                           |    |                            |    |                          |                               |            |   |    |                |    |                          |    |            |
| Accounts Receivable                                                                                                                               |  $ |  -                         |  $ |  820,141                 |  $                            |  820,141   |   |  $ |  -             |  $ |  3,285,899               |  $ |  3,285,899 |
| Inventories                                                                                                                                       |    |  -                         |    |  422,285                 |                               |  422,285   |   |    |  -             |    |  1,476,792               |    |  1,476,792 |
| Other current assets                                                                                                                              |    |  -                         |    |  6,395                   |                               |  6,395     |   |    |  -             |    |  13,542                  |    |  13,542    |
| Property and equipment, net                                                                                                                  |    | 1,302,354                       |    |  619,041                 |                               | 1,921,395       |   |    | -                   |    | -                             |    | -               |
|        Total current assets                                                                                         |    |  1,302,354                 |    |  1,867,862               |                               | 3,170,216       |   |    |  -             |    |  4,776,233               |    |  4,776,233 |
| Property and equipment, net                                                                                                                       |    | -                               |    |  -                       |                               | -               |   |    |  1,741,725     |    |  840,159                 |    |  2,581,884 |
| Other assets                                                                                                                                      |    |  -                         |    |  -                       |                               |  -         |   |    |  -             |    |  3,752                   |    |  3,752     |
|       Total noncurrent assets                                                                                       |    | -                               |    |  -                       |                               | -               |   |    |  1,741,725     |    |  843,911                 |    |  2,585,636 |
|               Total assets held for sale/discontinued operations            |  $ | 1,302,354                       |  $ |  1,867,862               |  $                            |  3,170,216 |   |  $ |  1,741,725     |  $ |  5,620,144               |  $ |  7,361,869 |
|                                                                                                                                              |    |                            |    |                          |                               |            |   |    |                |    |                          |    |            |
| Liabilities:                                                                                                                                      |    |                            |    |                          |                               |            |   |    |                |    |                          |    |            |
| Accounts payable                                                                                                                                  |  $ |  -                         |  $ |  334,274                 |  $                            |  334,274   |   |  $ |  -             |  $ |  890,889                 |  $ |  890,889   |
| Accrued payroll and commissions                                                                                                                   |    |  -                         |    |  34,374                  |                               |  34,374    |   |    |  -             |    |  345,435                 |    |  345,435   |
| Taxes accrued and withheld                                                                                                                        |    |  -                         |    |  12,600                  |                               |  12,600    |   |    |  -             |    |  165,698                 |    |  165,698   |
| Accrued expenses                                                                                                                                  |    |  -                         |    |  13,644                  |                               |  13,644    |   |    |  -             |    |  35,853                  |    |  35,853    |
| Debt (see Note 5)                                                                                                                                 |    | 1,302,354                       |    | 1,472,970                     |                               | 2,775,324       |   |    | 1,302,354           |    | 4,572,970                     |    | 5,875,324       |
|       Total current liabilities                                                                                     |    |  1,302,354                 |    | 1,867,862                     |                               | 3,170,216       |   |    |  1,302,354     |    | 6,010,845                     |    | 7,313,199       |
|       Total noncurrent liabilities                                                                                       |    | -                               |    |  -                       |                               |  -         |   |    |  -             |    | -                             |    |            |
|                Total liabilities held for sale/discontinued operations |  $ |  1,302,354                 |  $ |  1,867,862               |  $                            | 3,170,216       |   |  $ | 1,302,354           |  $ |  6,010,845               |  $ |  7,313,199 |

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|                                                              |   | Percentage of Total Revenues |
|-------------------------------------------------------------------|--------|------------------------------|
|                                                              |   | Three Months EndedJuly 31,   | Nine Months EndedJuly 31, |
|                                                              |   |                         |   |   |   |   |   |   |   |   |
|                                                              |   |                         | 2012 |   | 2011 |   | 2012 |   | 2011 |   |
| Revenues:                                                         |   |                         |   |   |   |   |   |   |   |   |
|     Printing                                  |   |                         | 50.2 | % | 51.7 | % | 53.0 | % | 53.0 | % |
| O Office products and office furniture                       |   |                         | 37.3 |   | 34.7 |   |   33.8 |   | 32.9 |   |
| Newspaper                                                         |   |                         | 12.5 |   | 13.6 |   |   13.2 |   | 14.1 |   |
| Total revenues                                                    |   |                         | 100.00 |   | 100.00 |   | 100.00 |   | 100.00 |   |
| Cost of sales and newspaper operating costs:                      |   |                         |   |   |   |   |   |   |   |   |
|     Printing                                  |   |                         | 38.4 |   | 39.5 |   |   39.0 |   | 40.1 |       |
|     Office products and office furniture |   |                         | 27.8 |   | 25.3 |   |  24.3 |   | 23.6 |   |
| Newspaper cost of sales and operating costs                       |   |                         | 7.4 |   | 7.9 |   |   7.7 |   | 8.0 |   |
| Tot  Total cost of sales and newspaper operating costs  |   |                         | 73.6 |   | 72.7 |   |  71.0 |   | 71.7 |   |
|     Gross profit                              |   |                         | 26.4 |   | 27.3 |   |   29.0 |   | 28.3 |   |
| Selling, general and administrative expenses                      |   |                         | 26.5 |   | 23.8 |   |   26.8 |   | 23.6 |   |
| Assets impairments/restructuring charges                          |   |                         | 1.0 |   | 0.0 |   |   12.2 |   | 0.3 |   |
| (Loss) income from operations                                     |   |                         | (1.1 | )  | 3.5 |   |   (10.0 | )  | 4.4 |   |
| Interest expense - related party                                  |   |                         |  (0.1 | ) | (0.1 | )  |  0.0 |   | (0.1 | ) |
| Interest expense                                                  |   |                         | (4.2 | ) | (3.5 | ) |   (3.5 | ) | (3.4 | ) |
| Gain on early extinguishment of debt from related party           |   |                         | 0.0 |   | 5.2 |   |   0.0 |   | 1.7 |   |
| Other income                                                      |   |                         |   0.0 |   | 0.1 |   |   0.1 |   | 0.0 |   |
| (Loss) income from continuing operations before taxes             |   |                         | (5.4 | ) | 5.2 |   |   (13.4 | )  | 2.6 |   |
| Income tax benefit (expense) on continuing operations             |   |                         | 1.2 |   | (2.1 | ) |   (14.3 | ) | (1.1 | ) |
| Net (loss) income from continuing operations                 |   |                         | (4.2 | )% | 3.1 | % |   (27.7 | )% | 1.5 | % |

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| ·   | Implementation of a restructuring and profitability plan to rationalize and improve our cost and operating structure. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------|

| ·   | Identify assets, which can be strategically sold to improve our overall credit metrics. This may include real estate and other asset sales or segment and division sales. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Management of our receipts and disbursements to improve days sales outstanding for trade receivables and manage our days outstanding for trade payables as well as maintain our trade credit availability. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Managing our credit relationships and borrowing base requirements to maximize liquidity. |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | Carefully monitor capital expenditures to assure cash flow is maximized. |
|--------------------|--------------------------------------------------------------------------|

| ·   | The potential for our interest costs to exceed our ability to generate sufficient cash to meet other obligations including scheduled principal amortization payments to secured lenders. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The scheduled maturity of the Company’s revolving line of credit in September of 2012. |
|--------------------|----------------------------------------------------------------------------------------------|

| (a) |   | pay a 0.10% extension fee based on the then-outstanding loans, interests in Letters of Credit and Unused Revolving Credit Commitments;            |
|-----|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) |   | continue services of bank group consultant as well as continued retention of Company advisors;                                                    |
| (c) |   | release and term debt pay down of remaining $500,000 under the provisions of the Contribution Agreement;                                          |
| (d) |   | continue actions to effectuate certain transactions including the financing of certain receivables and finalizing the Safeguard transaction; |
| (e) |   | agree to terms on a debt restructuring by September 15, 2012 subject to credit approval and documentation;                                        |
| (f) |   | minimum EBITDA covenant for August 2012 of $400,000;                                                                                              |
| (g) |   | aggregate revolving credit commitments of $13,000,000.                                                                                       |

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|   | a)     | Exhibits*: |
|--------|--------|------------|
|   |   |       |

| (31.1)                                                                                                                                                                                     | Principal Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley act of 2002 - Marshall T. Reynolds                       |   | Exhibit 31.1 Page Exhibit 31.1-p1 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|
| (31.2)                                                                                                                                                                                     | Principal Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley act of 2002 - Todd R. Fry                                |   | Exhibit 31.2 Page Exhibit 31.2-p1 |
| (32)                                                                                                                                                                                       | Marshall T. Reynolds and Todd R. Fry Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley act of 2002 |   | Exhibit 32 Page Exhibit 32-p1     |
|                                                                                                                                                                                       |                                                                                                                                                       |   |                              |
|  * XBRL Interactive Data File will be filed by amendment to this Form 10-Q within 30 days of the filing data of this Form 10-Q, as permitted by Rule 405(a)(2)(ii) of Regulation S-T. |                                                                                                                                                       |   |
|                                                                                                                                                                                       |                                                                                                                                                       |   |

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| Date: September 14, 2012      | /s/ Marshall T. Reynolds                          |
|-------------------------------|---------------------------------------------------|
|                          | Marshall T. Reynolds                              |
|                          | Chief Executive Officer                           |
|                          |                                              |
|                          |                                              |
| Date: September 14, 2012 | /s/ Todd R. Fry                                   |
|                          | Todd R. Fry                                       |
|                          | Senior Vice President and Chief Financial Officer |

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