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Quickprint’s reorganization plan was confirmed.

Under the plan, Quickprint of America will issue new stock, leaving existing shareholders with 61% of the common stock, creditors with 30% of the stock and management with 9%. Unsecured creditors will also receive a total of $250,000 in cash, a $500,000 secured note and certain contingent payments based on a company program to allow franchisees to buy their way out of the Quickprint organization. Those of Quickprint’s approximately 250 franchisees who don’t leave the company will receive stock options under certain conditions. Quickprint filed for protection under Chapter 11 of the U.S. Bankruptcy Code in August, 1983.


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