Article: Valassis Communications Posts Record Quarter With 36% EPS Growth.

LIVONIA, Mich., April 20 /PRNewswire/ -- For the first quarter ended March 31, 1999, Valassis Communications, Inc. (NYSE: VCI) reported a 35.9% increase in EPS and 8.0% revenue growth versus the year-ago quarter. This increase was due primarily to the continued strength of its free-standing insert (FSI) and Valassis Impact Promotions (VIP) businesses.

First Quarter 1999 Highlights

-- Posted record quarterly revenues and earnings

-- Elected Internet marketing expert, Seth Goldstein, to board of

directors

-- Generated revenue from the newly-developed Customer Relationship

Marketing group

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