544 Haywood Rd, LLC and BRP Company, Inc. agreed to acquire substantially all the assets of Blue Ridge Printing Co., Inc. from Champion Industries Inc. (OTCPK:CHMP) for $1 million on June 24, 2013. Champion received $0.9 million net of selling commissions and pro-rated taxes and final purchase price is subject to a net liquidity adjustment to occur no later than 45 days from closing. The net liquidity adjustment may result in Champion receiving additional purchase price or having to return a portion of the purchase price. Thomas J. Murray of Huddleston Bolen LLP acted as legal advisor to Champion Industries. Richard A. Kort of McGuire, Wood & Bissette, P.A. acted as legal advisor to BRP Company, Inc.

544 Haywood Rd, LLC and BRP Company, Inc. completed the acquisition of substantially all the assets of Blue Ridge Printing Co., Inc. from Champion Industries Inc. (OTCPK:CHMP) on June 25, 2013.