The name was changed to reflect more accurately the letter's
role as the premier source for spotting upcoming-and-coming growth
stocks. For subscription information, please call 800/861-5968, or
visit the Emerging Growth Web site at www.cadmus.

lists report

com and the addition of a
Company newsletter (that will be updated on a monthly basis). Factors that
would cause or contribute to such differences include, but are not
limited to, changing economic conditions, interest rates trends,
continued acceptance of the Company's products in the marketplace,
competitive factors and other risks detailed in the Company's periodic
report Filings with the Securities and Exchange Commission. We congratulate
Louis on his outstanding success and wish him another 20 years of
bringing sound advice to independent investors. Each weekend,
subscribers are e-mailed Louis' hotline which keeps investors
up-to-date on the most important news affecting their stocks.

technical mailed

These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.

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Business Editors/Technology Writers

ORLANDO, Fla.
3Path from Cadmus is a digital communication channel that delivers content
more effectively than email or by website.

Cadmus Communications Corporation provides end-to-end, integrated graphic
communications services to professional publishers, not-for-profit societies
and corporations.

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----CALI Holdings,
Inc.

communicate email

This performance beats the S+P 500 by more than 3-to-1.

email they

The premier issue of the Company 's monthly investor newsletter is
designed to keep shareholders and others interested in CALI Holdings
updated on the progress of the Company and its investment portfolio.
President and CEO James Jenkins , stated, "As Management moves the
Company forward through implementation of the Company's business plan,
Management believes it was necessary to change the Company's image
from an `odor elimination manufacturer' and let investors and
shareholders know the Company is a business development company (BDC)
under the Investment Act of 1940.com

For information about the innovative technologies and products developed
for publishers by Cadmus, visit http://www.

share publications

Also,
all the hotlines and issues can be found at the Emerging Growth Web
site (www."
3Path is being used by publishers, educational institutions, advocacy
groups and others to deliver digital publications and newsletters, communicate
with prospective students, promote advocacy initiatives, provide continuing
education and e-learning materials, and to create a branded communication
channel for an enhanced relationship with members, customers or affiliates.

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mailing publications

Shareholders and investors are encouraged to submit their e-mail
addresses into the newsletter data base so the Company can e-mail
updates when news is available. RICHMOND, Va., Cadmus Communications
Corporation (Nasdaq: CDMS) today announced the release of a Macintosh
compatible version of its 3Path Digital Content Delivery System .

Mailing Lists are users groups that communicate via email and some times they share web pages.

concise report

To add your name to the automatic
mailing, contact our investor relations department.navellieremerging.

publications times

In fact, The New York Times recently called Navellier "an icon
among growth stock investors .
"3Path has been available for users of the Windows operating system; this
new version now allows publishers to reach Mac users," said Hai Tran,
Executive Vice President of Business Development .cadmus.

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A two-year subscription is now $1,795, which is $795 off the regular
price.

pc formats

By making
these forward-looking statements, the Company undertakes no obligation
to update these statements for revisions or changes after the date of
this release.navellieremerging.

survey graphic

The newsletter will be a helpful
tool in keeping shareholders and investors updated on a regular basis
on Management 's implementation of the business plan and other issues. Forward-looking statements inherently
involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. Publishers receive validation of delivery and feedback
on usage, while the reader retains control of the publisher-reader
relationship through an easy opt-in/out feature.

survey mailed

As part of the Company's commitment to its investors, the newsletter
is available online at the Company's website in PDF format, and a
non-graphic text-only version will be electronically transmitted to
investors on a monthly basis.3.

email computers

com.

computers times

("Company" or "CALI") (OTCBB:CALI), is pleased to announce a new
corporate website, http://www.

Publishing Writers/Business Editors

ROCKVILLE, Md.

Cadmus Communications Upgrades 3Path(TM) Digital Content Delivery System for MacIntosh Users

By utilizing 3Path to deliver
content directly to readers, publishers and other organizations create branded
information portals on the user's desktop for ready access to such content.

mailed users

According to Hulbert, the recommendations in Emerging Growth have
returned over 4,064% from the beginning of 1985 through 2004.
Publishers can leverage the 3Path solution to provide end users with an
interactive, rich media experience that enhances the affinity relationship.
3Path is effective for delivering content of any file type and size in a user-
friendly interface for on-line or off-line access that is complementary to an
enterprise 's website.

mailing graphics

" And Peter Brimelow of CBS MarketWatch
named Emerging Growth his "letter of the year " for 2004. Cadmus is the world's largest provider of content
management and production services to scientific, technical and medical
journal publishers, the fifth largest publications printer in North America,
and a leading national provider of specialty packaging products and services.

monthly publications

#1 Newsletter for 20-Year Performance: Louis Navellier's Emerging Growth

The Emerging Growth service includes a monthly issue with
Navellier's legendary Emerging Growth Buy List.8 and v10.

subscribers survey

Group Publisher Michael Bell said, "For over two decades, Emerging
Growth has helped tens of thousands of investors plan for a secure
retirement.com
To celebrate the #1 ranking, investors can now subscribe to
Emerging Growth for $995 a year, which is $300 off the regular price. "Many of our publisher
clients have readers who work on the Mac platform, so this enhancement has
been eagerly awaited.com .

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2.
Additional information about Cadmus is available at http://www.

advice pdf

CALI Holdings Inc. Announces New Corporate Website and Monthly Newsletter

caliholdings."

SAFE HARBOR

The statements made in this release constitute "forward-looking"
statements, usually containing the words "believe," "estimate,"
"project," "expect," or similar expressions.----Phillips
Investment Resources, LLC, is proud to announce that Louis Navellier's
Emerging Growth newsletter has been named the best-performing
newsletter of the past 20 years by The Hulbert Financial Digest. The Mac
version runs on Mac OS X v10.

formats pdf

Emerging Growth has been a reliable source of
marketing-beating advice for all types of investors."
Until recently, the advisory was known as Louis Navellier's MPT
Review. 3Path provides secure delivery of
high-value, digital communications that are organized in a publisher-branded
channel directly on the recipient's desktop.