Displaying items by tag: verso

Dave Paterson will become Chairman of the Board when Verso Emerges from Bankruptcy and will Step Down as President and Chief Executive Officer when Verso Finds his Successor.

Verso Corporation (OTCPink: VRSZQ) has just announced that David J. Paterson, the President and Chief Executive Officer and a director of the company, will become the Chairman of the Board of Verso immediately upon its emergence from its pending Chapter 11 bankruptcy proceeding.  In addition, Mr. Paterson has informed Verso's board of directors that he intends to step down as the company's President and Chief Executive Officer when Verso finds his successor, but until then, he intends to continue to serve in this role.  Though there is no set timetable for Mr. Paterson's departure, both Verso and he intend for the transition to occur in short order, with the objective that the new President and Chief Executive Officer be in place to guide Verso as soon as practicable after it emerges from bankruptcy.  Verso has engaged a search firm and is actively seeking a successor to Mr. Paterson.

"Dave Paterson has been a stalwart as Verso's President and Chief Executive Officer over the past four years," said Scott Kleinman, Verso's Chairman of the Board. "During this period of unprecedented upheaval in the printing and writing papers industry, Dave has provided insightful vision and steady, reliable leadership for Verso.  His contributions in managing a business with constrained liquidity have been particularly valuable and appreciated as Verso has dealt head on with the financial challenges of our industry and company.  Due in no small measure to Dave's substantial efforts, Verso now is poised to emerge from a fully consensual Chapter 11 reorganization as a stronger competitor with a financially sustainable capital structure.  We take great comfort in the knowledge that while Dave soon will be giving up his day-to-day responsibilities as the President and Chief Executive Officer of Verso, he will remain with the company as my successor as the Chairman of the Board upon Verso's emergence from bankruptcy."

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance.  The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results.  Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all.  Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products.  This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users.  For more information, visit us online at versoco.com.

Verso Corporation, a leading producer of flexible packaging, technical, and label and converting papers, has just introduced GlazeGuard™, a family of lightweight uncoated machine-glazed papers designed for demanding oil and grease resistant (OGR) foodservice applications.

The GlazeGuard™ product family is an integral part of the broader portfolio of Verso machine-glazed laminating and converting papers specifically designed for flexible packaging applications. Featuring OGR levels ranging from Kit 5 to Kit 8, GlazeGuard™ offers excellent runnability, converting performance and multiple PFOA-free chemistries, all key performance requirements for end-use applications such as sandwich and deli wraps, foodservice liners, microwave popcorn bags and laminated food pouches.

"Foodservice packaging converters and end users seeking OGR paper options with the right combination of quality, performance and run-to-run consistency will find that Verso's GlazeGuard™ OGR papers excel in these critical areas," said Mike Weinhold, Verso Senior Vice President of Sales, Marketing and Product Development. "We will deliver these solutions with the same level of highly personalized customer service, experienced technical resources and overall attention to detail that customers have come to expect from Verso."

The GlazeGuard™ product line is produced on paper machine No. 5 at Verso's Androscoggin Mill in Jay, Maine, and offers several basis weights, ranging from 15.5 lb. to 33 lb. (3000 sq. ft.), each optimized for specific end uses. According to Jason Handel, Verso Group Vice President of Product Development and Technical Sales, "The No. 5 paper machine has a long-standing reputation for producing OGR papers with outstanding quality and consistent performance. These products, which we have branded as GlazeGuard™, will quickly be recognized as excellent, reliable solutions for demanding OGR applications."

For more information on GlazeGuard™ or other products in Verso's broad specialty papers offering, email This email address is being protected from spambots. You need JavaScript enabled to view it. or visit versoco.com/specialtypapers.

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

New Promotion Provides Tips for Winning Political Campaigns

Verso Corporation, the leading North American producer of coated papers, has just introduced a promotion with tips for creating a successful election direct mail campaign featuring Verso's entire offering of 7 pt. and 9 pt. products that meet the United States Postal Service (USPS) minimum requirements for direct mail. The promotion, titled A Guide to Paper Selection: Election Direct Mail: Verso Tips for Winning Political Campaigns, is printed on Sterling^® Premium 100 lb. (9 pt.) dull cover and 100 lb. text.

"This promotion provides practical advice for selecting the right paper, design elements, color scheme, printing process and target data when producing election direct mail and offers useful checklists and resources for creating winning political campaigns at the local, state or national level," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold. "Direct mail is a smart and effective way to reach voters."

Verso offers a breadth of direct mail paper for any print technology and run length – from premium to economy sheets; digital and inkjet papers; and web offset papers. Products are readily available across the country in Verso and merchant distribution centers.

"Unlike most forms of political mass communication, direct mail lets you reach the right voters with the right message," said Verso Brand Manager Tanya Pipo. "Verso has the knowledge, services and products to help create a successful election direct mail campaign – including a broad offering of 7 pt. and 9 pt. USPS-guaranteed papers to ensure a smooth process from the printing press to finishing equipment, through the post office and into voters' hands."

"We strongly encourage U.S. candidates using direct mail for their campaigns to use paper made by a company owned and operated in the U.S., like Verso," said Weinhold. "It sends a message to voters that they are mindful of the importance of supporting U.S. manufacturing jobs. And because paper is both renewable and recyclable, using direct mail demonstrates a candidate's commitment to environmental sustainability, too."   

Contact a Verso sales or merchant representative to get a copy of A Guide to Paper Selection: Election Direct Mail. Verso Tips for Winning Political Campaigns. To learn more about Verso's line of direct mail papers, please visit our website versoco.com.

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

SOURCE Verso Corporation

Verso is Ready to Accept and Fulfill Specialty Paper Orders for Customers

Verso Corporation has just announced that the bankruptcy court presiding over Verso's Chapter 11 bankruptcy proceeding yesterday authorized Verso to reject a specialty paper supply contract with Expera Specialty Solutions. The contract with Expera, which was an element of the sale by International Paper Company of its industrial papers business to Thilmany, LLC in 2005, had a 12-year term expiring in 2017. The contract required Verso, as the assignee of International Paper, to manufacture specialty paper on the A5 paper machine at its Androscoggin mill in Jay, Maine, for sale to Expera, as the successor to Thilmany, at a price essentially equivalent to Verso's cost of producing the paper. By virtue of the bankruptcy court's order, the Expera contract now is rejected, which is essentially a termination of the contract that is authorized by federal bankruptcy law.

Moving forward from the rejection of the Expera contract, Verso intends to continue producing for its own account a portfolio of proven lightweight machine glazed papers for release liner, oil and grease resistant and flexible packaging applications. Verso intends to begin accepting and fulfilling customers' orders for these products starting today. Verso's goal is to ensure that customers continue to receive uninterrupted access to the specialty paper produced on the A5 paper machine.

"The capabilities of the A5 paper machine make it a natural fit in Verso's manufacturing network and existing specialty papers portfolio," stated Mike Weinhold, Verso's Senior Vice President of Sales, Marketing and Product Development. "Although, for the past 11 years, Verso's name has not been directly associated with the products made on the A5 paper machine, Verso has operated the machine and has ensured that the paper produced on it maintains a reputation for high quality and consistent performance. Verso's expertise in and commitment to the specialty papers market will allow us to seamlessly return the A5 paper machine to our flexible manufacturing network and to derive considerable benefits for Verso, the Androscoggin mill, our specialty papers customers, and other stakeholders."

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

Verso's Futura® Digital Coated Papers Celebrate 20 Years of Top Digital Printing Performance with Push Performance to the Limit

New Promotion Highlights Futura® Line's Boundless Potential For High-end Digital Printing

Verso Corporation, a leading producer of digital coated papers, has just introduced Push Performance to the Limit, a new promotion for its Futura^® digital coated paper line.

"The quality of digital printing has significantly improved since Futura^® was first introduced 20 years ago," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold. "Digital reproduction quality and innovative print techniques that were once seen only in high-end offset printing are pushing the limits to new heights. Anything that can be done in offset printing can now be done digitally, from the use of metallic inks or match colors to varnish-like coatings, and Push Performance to the Limit is proof that Futura^® can handle it all."

"Futura^® was first introduced in 1996 as a direct response to the first-ever color laser printer and has been delivering top performance ever since," said Verso Director for Digital Papers Dennis Essary. "Designed with a patented coated surface, Futura^® offers users peace of mind with jam-free runnability and printability for unsurpassed productivity."

Futura^® is known for optimal performance on dry and liquid toner printers, color and black and white laser printers, and digital offset technologies. It is guaranteed for digital offset and production laser equipment; guaranteed for the Xerox iGen series, HP Indigo certified by Rochester Institute of Technology and Kodak NexPress qualified by the Rochester Institute of Technology.

"Push Performance to the Limit shows off the product's smooth 96 bright surface and demonstrates a variety of print techniques on Futura^® gloss, dull and matte covers," said Essary. "Today's newest digital equipment can accommodate larger sheet sizes from 14.333"×26" to 14"×39" all the way up to a 20.75"×29.5" sheet, and Futura^® can easily meet those growing needs."

Like all Verso digital papers, Futura^® is precision cut to prevent paper edge bonding jams and duplex registration issues. Strict quality control yields ultra-clean paper, reducing paper dust contamination and increasing print productivity and equipment life. Verso digital papers are also vapor barrier wrapped to prevent moisture absorption that can lead to curling and jamming in digital equipment.

The Futura^® product line is made in the USA and complies with Lacey Act requirements and also carries three chain-of-custody certifications: Forest Stewardship Council^® (FSC^®) (BV-COC-953662), Programme for the Endorsement of Forest Certification™ (PEFC™) (BVC-PERCCOC-US09000012) and Sustainable Forestry Initiative^® (SFI^®) (BV-SFICOC-US09000011).

Futura^® is best suited for high-end marketing collateral, advertising, annual reports, photo books and brochures, and its 7 pt. and 9 pt. caliper covers meet United States Postal Service requirements for postcards and direct mail.

To learn more about Verso's Futura^® product line visit versoco.com.

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. The FSC® trademark license code for Verso Corporation is FSC^® C014984. For more information, visit us online at versoco.com.

New Promotion Features Sterling® Ultra Web Caliper Covers

Verso Corporation (OTCPink: VRSZQ), the leading North American producer of coated papers, has just introduced Move the Message, a new printed promotion for its Sterling^® Ultra web caliper covers.

"Move the Message demonstrates the versatility of Verso's broad offering of Sterling^® Ultra web caliper covers and provides a wealth of money-saving and performance-maximizing tips, techniques and technical information to help creative and print professionals put the print medium to work for a wide variety of applications," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold.

In conjunction with the promotion, Verso expanded its line of Sterling^® Ultra web caliper covers to include a dull finish offering available in 7 pt., 8 pt. and 9 pt. This addition complements the line's gloss and matte finish offerings, which range from 6 pt. to 10 pt. web covers. The 7 pt. and 9 pt. gloss, dull and matte web covers meet United States Postal Service minimum requirements for direct mail postcards and reply mail.

"Sterling^® Ultra web caliper covers are manufactured to caliper specifications at a reduced weight, which means a thicker paper at a lower basis weight, resulting in savings on paper costs and postage," said Verso Brand Manager Jeffrey Pfister. "In other words, printers can produce the same number of impressions with less paper, and when the end product goes through the mail, less weight can translate into lower postal costs."

Sterling^® Ultra is one of the broadest offerings on the coated paper market with gloss, dull and matte finishes; text and cover basis weights plus web caliper covers; matte reply card for business reply mail; and a specialized line of digital papers for production inkjet presses.

"Verso's Sterling^® brand sets the standard for coated papers made in the USA - and it has for more than 100 years," said Pfister. "If you can imagine it, you can create it with Sterling^®. Sterling^® Ultra web caliper covers are the go-to-product for a wide variety of print applications such as direct mail and postcards; magazine, catalog or book covers; posters; specialty packaging; menus; and much more."

Contact a Verso sales or merchant representative to get a copy of Move the Message. To learn more about Sterling^® Ultra web caliper covers, please visit our website versoco.com.

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

The Town of Jay, Maine, and Verso Corporation (OTCPink: VRSZQ) have reached an agreement to resolve their dispute concerning property tax assessments for Verso's Androscoggin Mill.  

In exchange for the Town's agreement to reduce Verso's property tax liability to more accurately reflect the assessed value of the mill property, Verso has agreed to withdraw its pending property tax appeals, and not to seek further abatements of taxes absent material changes to the mill property or operations.  

This agreement is intended to allow both parties to achieve sustainable operations over the coming years based on changing circumstances concerning the mill's taxable value.  

The reduction in the mill's property tax liability will be paid over time by the Town as credits against Verso's future tax bills.  

This agreement is subject to approval by the Town's select board and the bankruptcy court overseeing the Verso bankruptcy cases.  

The Town and Verso are pleased to have reached this agreement as part of a mutual effort to support the long-term viability of the Androscoggin Mill, which is an important goal of both parties. 

SOURCE Verso Corporation

A Coated Paper Alternative to Synthetic Paper and Other Durable Media Products

Verso Corporation (OTCPink: VRSZQ), a leading producer of digital coated papers, today introduced Sterling^® Premium Digital™ Tough Tear, a premium digital coated paper enhanced with poly for greater print performance, durability and tear resistance.

Sterling^® Premium Digital™ Tough Tear was created as an alternative to synthetic paper and other durable media products using a patented manufacturing process. Sterling^® Premium Digital™ is a three-ply, 108 lb. (10 pt.) laminate designed with a heavyweight tear-resistant poly between two layers of Sterling^® Premium Digital™.

"This new substrate is designed for applications requiring more strength than a traditional paper product," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold. "It provides digital printers with significant advantages in strength, durability and tear resistance for optimal printing and finishing performance. It also prints and converts like paper with no need for additional processes, resulting in superior toner adhesion for better image reproduction."

Sterling^® Premium Digital™ Tough Tear is versatile, with optimal performance on dry toner printers, color and black-and-white laser printers, HP Indigo and digital offset technologies. It is guaranteed for both digital offset and production laser equipment, and is tri-certified to the Forest Stewardship Council^® (FSC^®) (License FSC - C014984), Programme for the Endorsement of Forest Certification™ (PEFC™) and Sustainable Forestry Initiative^® (SFI^®) standards.

Like all Verso digital coated papers, this product is precision cut to prevent paper edge bonding jams and duplex registration issues. Strict quality control yields ultra-clean paper, reducing paper dust contamination and increasing print productivity and equipment life. 

To learn more about Verso's entire product portfolio, including digital, sheetfed, web and specialty papers, visit us at Booth No. 249 from April 14 to16 at DSCOOP 11, San Antonio, Texas or at versoco.com.

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. The FSC® trademark license code for Verso Corporation is FSC^® C014984. For more information, visit us online at versoco.com.

Verso Aligns Product Offering to Meet Needs of Digital Press Owners

Verso Corporation, a leading producer of digital coated papers, has just announced the expansion of its Blazer Digital^® economy digital coated paper line to include 65 lb. gloss and satin covers available in 19" x 13" and 18" x 12" stocking sizes. These new sizes are in stock and readily available.

"Blazer Digital^® is an economical, coated digital paper with weight and finish choices similar to conventional folio formats," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold. "Offered in text and cover weights with gloss or satin finishes, it provides excellent performance on dry or liquid toner, production color laser printers and digital offset technologies."

Verso has been a leader in manufacturing digital papers since digital printing technology first emerged, offering specialized expertise, dedicated production capacity and one of the broadest offerings of digital-specific products in the industry.

"Verso continues to focus on the digital print market and align its grade offering to better meet the needs of digital press owners," Weinhold said. "These additional cover weights provide our customers with more choices and flexibility when specifying the appropriate cover weight for various applications such as variable imaging, direct mail, postcards, brochures, flyers, sell sheets, short run catalogs and magazines."

Along with the Blazer Digital^® economy product, Verso offers a variety of premium digital products including Futura^®, Sterling^® Premium Digital™ and Sterling^® Premium Digital™ for HP Indigo, each with premium optics, exceptional surface quality and budget-friendly pricing, as well as Productolith Pts. Digital^® for heavy-weight packaging and applications requiring a caliper guarantee. Verso also produces Sterling^® Ultra TrueJet^®, a specialized line of digital coated papers for production inkjet presses which optimizes quality and is designed to deliver significant savings in ink cost.

To learn more about Verso's entire product portfolio, including digital, sheetfed, web and specialty papers, visit us at Booth No. 249 from April 14 to 16 at DSCOOP 11, San Antonio, Texas or at versoco.com.

About Verso
Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

Verso Corporation (OTCPink: VRSZQ), a leading producer of digital coated papers, has just introduced Sterling^® Ultra TrueJet^®, a specialized line of digital coated papers for production inkjet presses.

"Sterling^® Ultra TrueJet^® is designed to meet the growing need for a high-quality inkjet coated paper for high-speed, personalized print runs," said Verso Senior Vice President of Sales, Marketing and Product Development Mike Weinhold. "The offset-like coating of Sterling^® Ultra TrueJet^® meets market expectations with proven runnability and durability on some of the best-known, high-speed inkjet presses with the added benefit of delivering significant ink cost savings."

Sterling^® Ultra TrueJet^® optically matches Verso's Sterling^® Ultra coated paper line for commercial offset printing applications. Weinhold adds, "Expanding the commercial Sterling^® Ultra line to include a matching inkjet product provides our customers the flexibility to choose the right product from the Sterling^® family of brands for the right technology."

The Sterling^® Ultra TrueJet^® line includes 80 lb. and 100 lb. gloss and matte text, 75 lb. (7 pt.) and 92 lb. (9 pt.) gloss cover and 75 lb. (9 pt.) and 92 lb. matte cover for a variety of print applications. The 7 pt. and 9 pt. are caliper guaranteed and meet the United States Postal Service minimum requirements for direct mail.

Along with the Sterling^® Ultra TrueJet^® inkjet product, Verso offers premium digital products including Futura^®, Sterling^® Premium Digital™, Sterling^® Premium Digital™ for HP Indigo, Blazer Digital^®, along with Productolith Pts. Digital^® for heavier-weight packaging and applications requiring a caliper guarantee.

From coated digital to coated inkjet papers, Verso can meet a broad range of digital paper needs. To learn more about Verso's entire product portfolio, including digital, sheetfed, web and specialty papers, visit us at Booth No. 249, April 14 to 16 at DSCOOP 11, San Antonio, Texas or at versoco.com.

About Verso

Verso Corporation is the turn-to company for those looking to successfully navigate the complexities of paper sourcing and performance. The leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results. Verso's long-standing reputation for quality and reliability is directly tied to our vision to be a company with passion that is respected and trusted by all. Verso's passion is rooted in ethical business practices that demand safe workplaces for our employees and sustainable wood sourcing for our products. This passion, combined with our flexible manufacturing capabilities and an unmatched commitment to product performance, delivery and service, make Verso a preferred choice among commercial printers, paper merchants and brokers, converters, publishers and other end users. For more information, visit us online at versoco.com.

SOURCE Verso Corporation