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May 06, 2009

Norwood Promotional Products, Inc. Files For Chapter 11

Norwood Promotional Products, Inc. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court in DE. The debtor is based in Indianapolis.

Norwood is one of the largest suppliers of promotional products in the United States with approximately 2000 employees. As of December 31, 2008, the book value of the debtor's assets totaled approximately $150.26 million and the liabilities totaled $205.02 million.