Exhibit (c)(3)

Presentation to Colorprint Board Discussion Materials Goldman, Sachs & Co. 9-Nov-2006

Table of Contents I. Executive Summary II. Valuation Update III. Strategic Alternatives Appendix A: Financial Sponsors Profiles Appendix B: Additional Information Appendix C: Hellman & Friedman Proposal

Goldman Sachs does not provide accounting, tax, or legal advice. Notwithstanding anything in this document to the contrary, and except as required to enable compliance with applicable securities law, you (and each of your employees, representatives, and other agents) may disclose to any and all persons the US federal income and state tax treatment and tax structure of the transaction and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without Goldman Sachs imposing any limitation of any kind.

I. Executive Summary

Hellman & Friedman Preliminary Indication of Interest Key Transaction Terms 100% ACQUISITION — ALL CASH CONSIDERATION Date of Letter nOctober 20, 2006 Equity consideration per n $33.00-$34.00 share Expected Source of nEquity provided by H&F Funds only Financing nSource of debt financing not specified nRequest access to management and non-public information for four weeks following Timing Issues confidentiality agreement nRequest 6 week exclusivity period to reach an agreement Position Regarding nWill only pursue a transaction that has the support of Colorprint’s board of directors Existing Management and management nBased on publicly available information nWilling to provide a post-signing “market check” for valuation Other Considerations / nMarketing services is an area of investment focus for H&F: Assumptions -Part of consortium that acquired VNU in June 2006 -Invested $315 mm in take private transaction of DoubleClick in 2005 -1996 and 1996 minority stake investments in Young & Rubicam and Digitas Executive Summary2

Advisors nNot disclosed

Illustrative Analysis at Various Prices ($ in millions, except per share data) Premium to Current Price0.0 %10.0%20.0%30.0%40.0%50.0% Price Per Share$ 24.93$ 27.42$ 29.92$ 32.41$ 34.90$ 37.40 Equity Value1,1691,2961,4331,5691,7061,843 Net Debt (at 30-Sep-06)797979797979 Enterprise Value1,2481,3751,5121,6491,7851,922 Premium to: 30 Day Average$ 27.08(8.0)%1.2 %10.5 %19.7 %28.9 %38.1 % 60 Day Average27.28(8.6)0.59.718.827.937.1 90 Day Average27.61(9.7)(0.7)8.417.426.435.5 180 Day Average27.92(10.7)(1.8)7.216.125.033.9 52 Week High Price29.77(16.3)(7.9)0.58.917.225.6 EBITDA ¹Management / IBES LTM — 9/30/06$ 151.98.2 x9.1 x10.0 x10.8 x11.7 x12.6 x CY2006E — Management$ 152.88.2 x9.0 x9.9 x10.8 x11.7 x12.6 x CY2006E — IBES ²152.78.29.09.910.811.712.6 CY2007E — Management168.77.48.29.09.810.611.4 CY2007E — IBES ³157.97.98.79.610.411.312.2 EPS CY2006E — Management$ 1.4617.1 x18.8 x20.5 x22.3 x24.0 x25.7 x CY2006E — IBES ²1.4117.719.421.223.024.826.5 CY2007E — Management1.5016.618.319.921.623.224.9 CY2007E — IBES ³1.4017.819.621.323.124.926.7 PEG (LT — IBES) CY 2006E P/E9.3 %1.9 x2.1 x2.3 x2.5 x2.7 x2.8 x CY 2007E P/E9.31.92.12.32.52.72.9 Executive Summary4

II. Valuation Update

Market PerformancePrice Appreciation by Sector2000200120022003200420052006YTD1Colorprint0.9%(10.9)%(46.7)%9.0%47.0%(14.4)%(1.7)%SectorsMarketing Services28.9%12.9%(17.4)%21.1%19.4%(12.5)%2.1%Information Services318.742.2(0.3)30.917.620.40.1Advertising4(17.1)(17.3)(37.6)23.5(3.4)1.06.6Publishing5(13.1)(9.0)(14.4)24.621.25.426.9Industry StandardsS&P 500(10.1)%(13.0)%(23.4)%26.4%9.0%3.0%10.5%NASDAQ Composite Index(39.3)(21.1)(31.5)50.08.61.47.3 1As of 6-Nov-2006. 2Marketing Services: Acxiom, Harte Hanks, InfoUSA, Valassis, and Advo. 3Information Services: Moody’s, Dun & Bradstreet, Equifax, Alliance Data Systems, Fair Isaac, First Advantage and ChoicePoint. 4Advertising: Omnicom Group, Interpublic, Publicis, Havas, and WPP Group. 5Publishing: News Corp, Thomson Corporation, McGraw -Hill, and Wolters Kluwer. Valuation Update6

Colorprint Shares Traded at Various Prices

Historical Trading Performance Three Years

Colorprint Enterprise Value / EBITDA Trading History Three Years

Comparison of Selected Companies ($ in millions, except per share data) Closing% of EquityCalendarized5-Year 2006 PE 2007 PE LTM Price 52 Week Market Enterprise Enterprise Value / EBITDAP/E Multiples ² Est. EPS to 5-Year to 5-Year EBITDA Company06-Nov-06 HighCap ¹Value ¹LTM ¹2006E 2007E20062007 CAGR ² CAGR ² CAGR ² Margin ¹ Colorprint — IBES$ 24.93 84 % $ 1,169$ 1,2488.2 x8.2 x7.9 x17.7 x17.8 x9.3 %1.9 x1.9 x 34.5 % Colorprint — Management8.27.417.116.6 Marketing Services Acxiom$ 25.12 95 % $ 2,265$ 2,9687.3 x7.4 x7.0 x25.8 x21.1 x 15.0 %1.7 x1.4 x 29.7 % Harte Hanks25.87 862,0962,227 10.110.29.518.716.911.21.71.518.8 Advo28.77 789141,0379.99.9NA22.115.715.01.51.07.3 Valassis Communications15.12 487238966.56.56.89.610.17.01.41.412.9 InfoUSA11.66 906507838.98.57.218.213.6NANANA21.5 Median86 %8.9 x8.5 x7.1 x18.7 x15.7 x 13.1 %1.6 x1.4 x 15.9 % Mean798.58.57.618.915.512.01.61.417.2 Information Services Moody’s$ 66.06 91 % $ 19,434$ 19,504 18.8 x 17.5 x15.9 x30.2 x27.0 x 15.0 %2.0 x1.8 x 56.2 % Alliance Data59.93 994,9665,564 13.611.09.819.516.918.01.10.923.1 Dun & Bradstreet77.64 995,0685,306 11.611.710.719.817.113.31.51.330.8 ChoicePoint37.00 803,2103,4019.810.19.622.719.515.01.51.333.0 Fair Isaac39.61 822,5972,681 11.5NA9.317.815.915.01.21.128.3 First Advantage20.04 661,1641,4209.88.87.719.116.620.01.00.821.0 Median87 %11.6 x 11.0 x9.7 x19.6 x17.0 x 15.0 %1.3 x1.2 x 29.5 % Mean8612.511.810.521.518.816.01.41.232.1 Advertising Omnicom Group$ 101.25 100 % $ 17,731$ 20,022 11.7 x 12.0 x11.0 x20.3 x18.1 x 12.0 %1.7 x1.5 x 15.6 % WPP Group12.58 9416,27218,736 10.610.39.616.414.710.01.61.516.1 Publicis Groupe37.46 888,7368,6777.58.27.815.914.63.05.34.921.9 Interpublic Group10.59 954,6686,228 NM17.49.5NM46.010.0NA4.6NM Havas4.81 912,0622,668 10.611.810.127.619.96.54.33.113.6 Median94 %10.6 x 11.8 x9.6 x18.3 x18.1 x 10.0 %3.0 x3.1 x 15.9 % Mean9410.112.09.620.022.78.33.23.116.8 Publishing News Corp$ 20.90 99 % $ 66,703$ 72,628 15.6 x14.2 x12.7 x22.4 x19.0 x 18.0 %1.2 x1.1 x 18.3 % Thomson Corporation41.12 9726,45030,745 14.312.211.324.522.213.51.81.624.0 McGraw-Hill65.49 10024,32924,800 13.915.113.526.223.012.52.11.828.9 Wolters Kluwer27.52 988,4539,717 14.210.89.317.914.99.02.01.715.2 Median98 %14.2 x 13.2 x12.0 x23.4 x20.6 x 13.0 %1.9 x1.7 x 24.0 % Mean9814.513.111.722.719.813.21.81.623.8

Illustrative Discounted Cash Flow Analysis Valuation Date November 6, 2006 ($ in millions, except per share data) As of 31-December 200620072008200920102011 Sales$ 454.1$ 498.8$ 526.2$ 555.2$ 585.7$ 617.9 EBIT110.1119.7128.9141.5155.0166.3 Taxes141.945.549.053.858.963.2 D&A$ 42.7$ 48.9$ 50.0$ 50.0$ 50.0$ 50.0 Change in Working Capital0.0(5.0)1.21.31.41.4 Capex117.055.050.050.050.050.0 Unlevered Free Cash Flow$(6.0)$ 63.2$ 81.1$ 89.1$ 97.5$ 104.5 Adjustment to year 122.0 Unlevered Free Cash Flow(3.9)63.281.189.197.5104.5 PV of Cash Flow(3.9)59.569.769.969.968.4 Discounted Cash FlowAssumptions Value of FCF$ 333.3Projections5Management Terminal Value1,216.8Colorprint WACC9.5 % PV of FCF’s1,550.1Change in Working Capital5Management Tax Rate138.0 % Net Debt3$ 79.3Terminal LTM EBITDA Multiple9.0 x Equity Value1,470.8 Diluted Shares Outstanding448.0Valuation as of6-Nov-06 Implied Share Price$ 30.61

Illustrative DCF Sensitivities Terminal LTM EBITDA Multiple $ 0.08.0 x8.5 x9.0 x9.5 x10.0 x Discount8.0 %$29.86$31.19$32.51$33.84$35.16 Rate9.0 %28.7229.9831.2432.5133.77 10.0 %27.6328.8430.0431.2532.45 Implied Share PriceImplied Share Price Incremental YOY Increase in Revenue Growth1Incremental EBITDA Margin Increase2 $ 0.0(2.0)%(1.0)%0.0 %1.0 %2.0 %$ 0.0(2.0)%(1.0)%0.0 %1.0 %2.0 % Discount8.0 %$30.05$31.26$32.51$33.83$35.208.0 %$30.54$31.52$32.51$33.50$34.49 Rate9.0 %28.8930.0431.2432.5033.819.0 %29.3430.2931.2432.2033.15 10.0 %27.7928.8930.0431.2532.5010.0 %28.2129.1330.0430.9631.87

Selected Precedent Transactions Since 2003 ($ in millions) LTM Multiples Date AnnouncedTargetAcquirorLevered Value SalesEBITDAEBITConsideration Sep-06CPCADS$ 70NANA14.0 xCash Jul-06ADVOValassis1,3160.9 9.1x / 12.6x ¹21.6Cash Aug-06PRIMISParthenon Capital115NA8.0NACash Feb-06Doubleclick EmailADS902.310.0NACash Jan-06Clarity BlueExperian188 ²3.3NA20.0Cash Jan-06VNU NVValcon Acquisition11,5662.211.319.0Cash Sep-05Bigfoot InteractiveADS1204.014.0NACash Aug-05Communications GroupWPP Group plc68NANANACash Jul-05Cendant Marketing Services DivisionApollo1,8251.48.210.5Cash Mar-05Digital Impact Inc.Acxiom115NANANACash Mar-05Tampa FlyerHarte Hanks60NANANACash Apr-05DoubleClickHellman & Friedman 8052.013.437.1Cash Oct-04Epsilon Data ManagementADS3002.512.5NACash Sep-04Grey Global GroupWPP Group plc1,5200.917.2NACash/Stock Jul-04Seisint, Inc.Reed Elsevier7756.717.2NACash Jun-04Information HoldingsThomson Corp.4415.4NANACash May-04TradeWebThomson Corp.535NANANACash Apr-04OneSource Information ServicesinfoUSA Inc851.5NA18.6Cash Apr-04Direct GroupInvestor Group50NANANACash Aug-03INFO1LandAmerica Finl Group Inc47NANANACash Aug-03Peter Black Direct MarketingMerck25NANANACash Jun-03Factual Data CorpKroll Inc1131.6NA7.3Cash/Stock Jun-03Cordiant CommunicationsWPP Group plc3310.76.5NACash May-03Tele-VNational Mgmt Consulting42NANANACommon Stock May-03Mosaic Sales SolutionsJLL Partners76NANANACash May-03NFO WorldGroupTaylor Nelson Sofres4350.98.311.6Cash Apr-03Insurance Mgmt Solutions GroupFiserv Inc411.4NMNMCash Mar-03ScorexExperian1112.4NANACash Feb-03Zenith OptimediaPublicis Groupe SA119NANANAUndisclosed Jan-03Nordic Info Group A/S Experian1423.08.215.2Cash Median2.1 x11.3 x16.9 x

Comparison of Selected Premiums 100% Cash Consideration, Last 3 Years1 ($ in millions) Premium AnnouncedTargetAcquirorEquity Value1 Day1 Week4 Weeks 11/06/06Per-Se TechnologiesMcKesson Corp$ 1,09514.5 %16.5 %19.3 % 08/23/06Internet Sec Sys Group IncIBM Corp1,3037.78.216.9 08/10/06FileNet CorpIBM Corp1,5571.04.029.1 07/09/06Heritage Ppty Invest Trust IncCentro Properties Group1,7533.33.53.6 05/14/06SSA Global Technologies IncInfor Global Solutions1,52925.124.025.8 05/01/06Aviall IncBoeing Co1,71627.328.727.2 04/27/06Diagnostic Products CorpSiemens Medical Solutions Inc1,76720.717.724.5 04/25/06Serologicals CorpMillipore Corp1,38935.334.333.1 04/20/06Ubiquitel IncSprint Nextel Corp1,0351.61.93.1 01/22/06Sports Authority IncInvestor Group1,02120.026.020.8 11/20/05Beverly Enterprises IncFillmore Capital Partners LLC1,59333.335.936.8 11/10/05SERENA Software IncSilver Lake Partners1,0262.77.324.4 11/08/05Linens n Things IncInvestor Group1,2957.914.917.0 10/24/05Amli Residential Ppty TrustPrime Property Fund1,17720.722.719.1 10/16/05Adv Neuromodulations Sys IncSt Jude Medical Inc1,36930.422.821.8 09/29/05IDX Systems CorpGE Healthcare Ltd1,48825.133.638.8 09/15/05UICIInvestor Group1,71919.117.119.9 08/04/05Metris Cos IncHSBC Finance Corp1,5751.10.53.2 07/21/05Priority Healthcare CorpExpress Scripts Inc1,2527.79.310.7 07/10/05US Unwired IncSprint Corp1,0721.54.324.3 06/16/05Vicuron Pharmaceuticals IncPfizer Inc1,91684.278.668.4 06/13/05Commercial Federal,Omaha,NEBank of the West,CA1,36734.134.836.1 06/07/05Gables Residential TrustInvestor Group1,27214.119.517.1 05/16/05Overnite CorpUPS1,22046.235.842.7 05/12/05Cuno Inc3M Co1,29031.334.736.8 04/21/05Transkaryotic Therapies IncShire Pharmaceuticals Grp PLC1,38421.638.155.5 03/14/05Ascential Software CorpIBM Corp1,12117.817.016.8 01/31/05Pulitzer IncLee Enterprises Inc1,4321.8(1.5)(0.9) 01/27/05Genencor International IncDanisco A/S1,15123.922.415.8 11/24/04Ionics IncGE Infrastructure Inc1,07247.943.052.5 11/03/04Argosy Gaming CoPenn National Gaming Inc1,40816.411.117.8 10/20/04Boca Resorts IncBlackstone Real Estate Advisor1,03127.930.731.1 10/19/04Robert Mondavi CorpConstellation Brands Inc1,03049.952.350.9 10/18/04Select Medical CorpEGL Holding Co1,98326.627.839.3 09/29/04Orbitz IncCendant Corp1,22934.533.848.4 07/13/04National Processing IncBank of America Corp1,425(9.5)(8.0)(8.8) 05/24/04NeighborCare IncOmnicare Inc1,41096.794.444.2 05/24/04WFS Financial IncWestcorp,Irvine,CA1,9403.56.25.1 05/19/04ALARIS Medical Systems IncCardinal Health Inc1,74318.411.617.8 05/18/04Kroll IncMarsh & McLennan Cos Inc1,95832.432.934.6 03/22/04US Oncology IncWelsh Carson Anderson & Stowe1,30218.520.317.3 03/15/04InVision Technologies IncGE Infrastructure Inc1,15921.323.331.3 01/13/04TheraSense IncAbbott Laboratories1,24333.035.550.0 12/21/03Esperion Therapeutics IncPfizer Inc1,28154.252.857.6 Median-100% Cash Transactions21.0 %22.7 %24.4 % 1. Includes equity values between $1 billion and $2 billion over last three years. US public company targets only. Valuation Update

III. Strategic Alternatives

Colorprint Summary Financials ($ in millions) For FY Ended 31-MarFor FY Ending 31-Dec 2002 ¹20032004200520062006E2007E Income Statement Net revenues$ 367.9$ 383.8$ 408.6$ 410.1$ 417.7$ 454.1$ 498.8 % YOY growth8.2 %4.3 %6.5 %0.3 %1.9 %NA9.8 % EBITDA$ 136.5$ 127.0$ 143.4$ 151.2$ 150.2$ 152.8$ 168.7 % YOY growth9.1 %(6.9)%12.9 %5.5 %(0.7)%NA10.4 % % EBITDA margin37.133.135.136.935.933.733.8 Operating income$ 95.6$ 86.1$ 98.1$ 108.8$ 114.2$ 110.1$ 119.7 % YOY growth17.3 %(9.9)%13.9 %10.9 %4.9 %9.0 %8.7 % % Operating margin26.022.424.026.527.324.224.0 Net Income from Operations$ 66.6$ 51.6$ 60.4$ 68.6$ 71.6$ 68.1$ 69.3 % YOY growth19.8 %(22.6)%17.1 %13.6 %4.4 %3.2 %1.6 % Diluted EPS$ 1.17$ 0.94$ 1.15$ 1.31$ 1.46$ 1.46$ 1.50 % YOY growth21.5 %(19.5)%22.9 %13.5 %11.7 %11.1 %3.2 % Diluted Shares Outstanding57.154.952.352.448.946.846.1 Balance Sheet Total assets$ 415.9$ 422.4$ 386.8$ 392.7$ 337.1NANA Cash & securities ²13.71.772.7116.228.132.2NA Debt ²60.968.266.964.661.9111.6NA Shareholders equity ²223.3216.0184.7196.4143.2164.7NA Selected Data ROACE32.8 %23.5 %30.1 %36.0 %42.2 %37.1 %NA Debt / Total Capital21.424.026.624.830.240.4NA Debt / EBITDA0.4 x0.5 x0.5 x0.4 x0.4 x0.7 xNA Free Cash Flow$ 73.3$ 64.7$ 96.3$ 85.6$ 42.6$(6.0)$ 63.2 Strategic Alternatives 16

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Illustrative Leveraged Recapitalization Analysis Assumptions Transaction Assumptions Financing Assumptions / Indicative Terms n Transaction as of 31-Dec-2006 nColorprint issues debt to fund share buyback n EBITDA of $153mm for 12 months ending 12/31/06 nRefinance $111.6mm of existing debt n 38% tax rate n Ran four scenarios: Issuance size $150mm $200mm $300mm $400mm Buyback Amount $35mm $84mm $182mm $280mm Buyback as % of Market Cap 2.9% 6.8% 14.4% 21.7% Cost of Debt L + 100 L + 150 L + 150 L + 175 Roll-Forward Assumptions Pro Forma Credit Rating BB / Ba2 BB / Ba2 BB / Ba2 BB- / Ba3 n 2007 based on management projections Pro-Forma 2006 Debt / EBITDA1.0x 1.3x 2.0x 2.6x n Assumes 5.5% revenue growth from 2008-2011 n Assumes gradual increase in EBITDA margin from 33.8% in 2007E to 35.0% in 2010 - Targets bottom-line growth in low double digits n Assumes Capex of $50mm for 2008-2011 n Assumes 2008-2011 D&A equal to Capex n Assumes pre-tax standalone interest expense of $8mm Strategic Alternatives 18

Illustrative Leveraged Recapitalization Analysis Sensitivity Analysis ($ in millions, except per share amounts) $150mm Debt Issuance and $35mm Buyback1 (L + 100bps) $200mm Debt Issuance and $84mm Buyback ¹ (L + 150bps) IRR Sensitivity IRR Sensitivity Per Share Repurchase PricePer Share Repurchase Price 10% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.0011% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.00 8.0 x10.3%10.2%10.2%10.1%10.1%8.0 x11.3%11.1%11.0%10.9%10.8% 2011 EBITDA Multiple 9.012.8%12.8%12.7%12.7%12.6%2011 EBITDA Multiple 9.013.9%13.7%13.6%13.5%13.4% 10.015.2%15.1%15.1%15.0%15.0%10.016.2%16.1%16.0%15.8%15.8% 2007 EPS Accretion / (Dilution)2007 EPS Accretion / (Dilution) Per Share Repurchase PricePer Share Repurchase Price 283% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.00315% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.00 8.0 %3.1 %2.9 %2.6 %2.4 %2.3 %8.0 %4.0 %3.4 %2.8 %2.3 %1.9 % $300mm Debt Issuance and $182mm Buyback ¹ (L + 150bps) $400mm Debt Issuance and $280mm Buyback ¹ (L + 175bps) IRR Sensitivity IRR Sensitivity Per Share Repurchase PricePer Share Repurchase Price 13% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.0014% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.00 Multiple8.0 x13.5%13.1%12.9%12.6%12.4%Multiple8.0 x15.1%14.5%14.0%13.5%13.2% 2011 EBITDA 9.016.1%15.8%15.5%15.2%15.0%2011 EBITDA 9.017.9%17.2%16.7%16.3%15.9% 10.018.5%18.2%17.9%17.6%17.4%10.020.4%19.8%19.3%18.8%18.4% 2007 EPS Accretion / (Dilution)2007 EPS Accretion / (Dilution) Per Share Repurchase PricePer Share Repurchase Price 498% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.00559% $ 24.00 $ 26.00 $ 28.00 $ 30.00 $ 32.00 8.0 %7.6 %6.0 %4.6 %3.5 %2.5 %8.0 %10.8 %8.0 %5.6 %3.7 %2.1 % 1Includes refinancing of $111.6mm of existing debt. Strategic Alternatives 19

Illustrative Leveraged Recapitalization Analysis Earnings per Share Impact ($ in millions, except per share amounts) CY 2007 EPS Impact Debt Issued$ 150.0$ 200.0$ 300.0$ 400.0 Less: Refinanced Debt111.6111.6111.6111.6 Equity Repurchased35.484.4182.4280.4 Pre-Tax Cost of Debt6.20 %6.70 %6.70 %6.95 % Assumed Repurchase Premium5.0 %7.5 %10.0 %12.5 % Shares Repurchased1.43.26.710.0 % of Shares Outstanding2.9 %6.8 %14.4 %21.7 % Accretion / (Dilution) Standalone 2007E Net Income$ 69.3$ 69.3$ 69.3$ 69.3 Less: Incremental After-tax Interest Expense(0.1)(2.7)(7.0)(12.0) Pro Forma 2007E Net Income$ 69.1$ 66.6$ 62.2$ 57.3 Avg. Fully Diluted Shares Outstanding46.146.146.146.1 Less: Shares Repurchased(1.4)(3.2)(6.7)(10.0) Pro Forma Avg. Fully Diluted Shares Outstanding44.742.939.436.1 Standalone 2007E EPS$ 1.50$ 1.50$ 1.50$ 1.50 Pro Forma 2007E EPS1.551.551.581.59 Accretion / (Dilution)2.8 %3.1 %5.0 %5.6 % Strategic Alternatives 20

Illustrative Leveraged Recapitalization Analysis Potential Share Price Appreciation ($ in millions, except per share data) 2007 — Pro Forma Share Price (PV)2008 — Pro Forma Share Price (PV) Debt Issued$ 150$ 200$ 300$ 400$ 150$ 200$ 300$ 400 Pro Forma EPS$ 1.55$ 1.55$ 1.58$ 1.59$ 1.72$ 1.74$ 1.78$ 1.81 Forma18.0 x $ 27.81 $ 27.90 $ 28.39 $ 28.55Forma16.0 x $ 27.55 $ 27.81 $ 28.52 $ 28.99 P/E 19.029.3629.4429.9730.14P/E 17.029.2729.5430.3030.80 Pro Pro 20.030.9030.9931.5431.7318.031.0031.2832.0832.62 Appreciation from CurrentAppreciation from Current Forma18.0 x11.6 %11.9 %13.9 %14.5 %Forma16.0 x10.5 %11.5 %14.4 %16.3 % P/E 19.017.818.120.220.9P/E 17.017.418.521.523.6 Pro Pro 20.023.924.326.527.318.024.325.528.730.8

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Illustrative LBO Analysis (Based on a 25% premium to 6-Nov-06 close of $24.93; Transaction Close 12/31/06) Sources and Uses 4.58x Senior Debt; 6.55x Total Debt LTM 12/31/2006 Sources% Cap EBITDA ($153mm)PricingUses $150mm Revolver$0.00%0.0 xPurchase Equity$1,500.9 Term Loan B700.043%4.6 xL+275 Refinance Existing Debt ¹111.6 Total Sr. Secured Debt$700.043%4.6 xEstimated Fees/ Expenses32.4 5 Year Zero125.08%0.8 x 11.0% area Senior Subordinated Debt175.011%1.1 x 10.0% area Total Debt$1,000.061%6.5 x Equity Contribution644.939%10.8 x Total Sources$1,644.9100%10.8 xTotal Uses$1,644.9

Illustrative LBO Returns Analysis Returns at Various Exit Dates — Assumes 6.55x Leverage, Exit at 9x LTM EBITDA Entrance Premium to Current Stock Price $ 27.42$ 28.67$ 29.92$ 31.16$ 32.41$ 33.66 1230%10.0%15.0%20.0%25.0%30.0%35.0% 201022.5 %18.2 %14.5 %11.3 %8.6 %6.1 % Exit Date201121.217.814.812.310.08.0 201220.217.314.912.810.99.2 Returns at Various Exit Multiples — Assumes 6.55x Leverage Entrance Premium to Current Stock Price $ 27.42$ 28.67$ 29.92$ 31.16$ 32.41$ 33.66 12%10.0%15.0%20.0%25.0%30.0%35.0% EBITDA Multiple 8.0x 16.3 %13.0 %10.1 %7.7 %5.6 %3.6 % 8.5x 18.815.512.610.17.95.9 9.0x 21.217.814.812.310.08.0 2011 Exit 9.5x 23.419.916.914.312.010.0 10.0x 25.421.918.816.213.911.8 Returns at Various Leverage Levels — Assumes Exit at 9x 2011 LTM EBITDA Entrance Premium to Current Stock Price $ 27.42$ 28.67$ 29.92$ 31.16$ 32.41$ 33.66 12%10.0%15.0%20.0%25.0%30.0%35.0% EBITDA 5.0x 16.6 %14.4 %12.4 %10.6 %8.9 %7.4 % 5.5x 17.815.313.011.09.27.6 Debt / at Close6.0x 19.216.313.811.69.67.8 LTM 6.5x 21.017.614.712.210.08.0 7.0x 23.419.315.913.010.58.3 Strategic Alternatives 24

Base Case for Illustrative LBO Analysis1 ($ in millions) Pro FormaFY Ended December 31, ($ in millions)LTM 12.31.062007E2008E2009E2010E2011E OPERATIONAL DATA Total Sales$454.1$498.8$526.2$555.2$585.7$617.9 growth9.8%5.5%5.5%5.5%5.5% EBITDA152.8168.7178.9191.5205.0216.3 margin33.6%33.8%34.0%34.5%35.0%35.0% EBIT$110.1$119.7$128.9$141.5$155.0$166.3 Total Interest Expense87.987.586.184.582.078.3 Net Income (Loss) to Common20.026.635.345.354.6 SELECTED CASH FLOW DATA: Adjusted EBITDA$152.8$168.7$178.9$191.5$205.0$216.3 +/- Changes in Working Capital0.0(5.0)1.21.31.41.4 -Total Capital Expenditures(117.0)(55.0)(50.0)(50.0)(50.0)(50.0) =Operating Cash Flow35.8108.7130.2142.8156.4167.7 -Cash Taxes(8.4)(12.2)(16.3)(21.7)(27.7)(33.4) -Cash Interest Expense (net)(87.9)(84.8)(69.2)(66.1)(61.8)(56.1) = Cash for Debt Service(60.6)11.744.755.166.978.2 Cumulative Cash for Debt Service11.756.3111.4178.3256.5 CAPITALIZATION: Cash$15.0$15.0$15.0$15.0$15.0$15.0 Bank Revolver$0.0$0.0$0.0$0.0$0.0$0.0 Term Loan B700.0688.3643.7588.6521.7443.5 Total Bank Debt$700.0$688.3$643.7$588.6$521.7$443.5 Senior Subordinated Debt175.0175.0175.0175.0175.0175.0 5 Year Zero125.0125.0139.1154.9172.4191.8 Total Debt$1,000.0$988.3$957.8$918.4$869.0$810.3 Shareholders’ Equity644.9664.8691.4726.8772.0826.6 Total Capitalization1,644.91,653.21,649.21,645.21,641.11,636.9 CREDIT STATISTICS: EBITDA / Senior Interest2.9x3.2x3.5x3.9x4.6x5.6x EBITDA / Total Interest1.7x1.9x2.1x2.3x2.5x2.8x (EBITDA — Capex) / Total Interest1.7x1.3x1.5x1.7x1.9x2.1x Senior Debt / Adj. EBITDA4.6x4.1x3.6x3.1x2.5x2.1x Total Debt / Adj. EBITDA6.5x5.9x5.4x4.8x4.2x3.7x Free Cash Flow / Total Debt(6.1)%1.2 %4.7 %6.0 %7.7 %9.7 % Total Debt / Total Capitalization60.859.858.155.853.049.5 1Based on management projections. Management projections have not yet been reviewed by Colorprint’s board. Strategic Alternatives 25

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DRAFT            Potential Counterparties ($ in millions) Credit            Company Financial Information Rating Management Comments / Recent Developments Bidder A            Bidder B Bidder C            Bidder D            Strategic Alternatives 27

DRAFT Ability to Pay Analysis — 2007 EPS Breakeven Key Assumptions Deal closes on December 31, 2006 Median IBES 2007E EPS estimates used for all potential buyers Management 2007E EPS estimate used for Colorprints            IBES EPS estimates calendarized to December 31 year-end for all companies            Pre-tax synergies of 15% of Colorprint LTM September 2006 selling, general and administrative expenses ($151mm) 50% phased in 2007 20% of excess purchase price allocated to identifiable intangibles, and remaining to goodwill            Identifiable intangibles amortized on a straight line basis over 8 years (tax deductible) Pre-tax cost of debt as follows: 50% Cash 100% Cash Bidder A 5.00% 5.00% Bidder B 7.00% 8.00% Bidder C 6.25% 7.00% Tax rate of 35% Strategic Alternatives 28

Breakeven Ability to Pay Analysis 100% Stock Transaction

News CorpHarte HanksValassis Mkt Cap $66,703 $2,096 $723 2007E P/E 19.0x 16.9x 10.1x Current Ratings Baa2 / BBB N/A Ba1/BB PF Debt/LTM EBITDA1 2.3x 0.5x 1.3x POS PF Ownership 1.7% 33.8% 49.1% 1EBITDA figures exclude impact of FAS 123 R. Strategic Alternatives 29

Breakeven Ability to Pay Analysis 50% Stock / 50% Cash Transaction

Breakeven to Pay Analysis 100% Cash Transaction

Appendix A: Financial Sponsors Profiles

Hellman and Friedman Current Fund Size: $3.5 billion Overview General Partners nHellman & Friedman LLC, founded in 1984, is a private equity investment firm well respected for its Matthew Barger John (Jack) Bunce, Jr. distinctive investment philosophy and approach. H&F’s offices are located in San Francisco, London, and New York. H&F raised our first institutional private equity fund in 1987. During its 18-year investing history, H&F has raised and managed over $8 billion of committed capital and have invested in over 50 Mitchell Cohen Jeffrey Goldstein companies. H&F is currently investing its fifth fund, Hellman & Friedman Capital Partners V, L.P. (HFCP V), with $3.5 billion of committed capital, which was activated in August 2004. Philip Hammarskjold Patrick Healy nH&F’s objective is to invest long-term equity capital to support the strategic and financial objectives of outstanding management teams operating businesses with defensible positions in growing markets. Warren Hellman Georgia Lee Over its lifetime, H&F has distinguished ourselves as a flexible source of capital and a value-added partner. Brian Powers Thomas Steyer nH&F’s team consists of 30 investment professionals, including 13 managing directors with an average tenure with the Firm of 12 years. This allows H&F to spend substantial time working with the companies Allen Thorpe David Tunnell in which it invests. nLimited partner investors in H&F’s funds include many of the largest U.S. and international corporate Frank Zarb pension funds, U.S. state pension funds, university endowments and foundations. And, in HFCP V, H&F (the partners of the firm) collectively are one of the largest limited partners. Selected Investments Company Description Blackbaud Blackbaud is the leading provider of software and related services to the not-for-profit vertical market. In October 1999, HFCP III purchased a controlling interest in Blackbaud and is working with management to transition the company to its next phase of growth. Blackbaud, which currently sells mission-critical fundraising, accounting and school administration software and services, has realized dynamic growth over the last five years and now has an installed base of over 12,000 customers worldwide. Blackbaud executed an initial public offering in July 2004 on the NASDAQ DoubleClick DoubleClick is the leading provider of technology and data solutions for advertising agencies, web publishers, marketers, and catalogers to plan, execute and analyze their marketing programs. DoubleClick’s marketing solutions — - online advertising, search engine and affiliate marketing, email marketing, database marketing, and data management — - help clients yield the highest return on their marketing dollar. DoubleClick Inc. has global headquarters in New York City and maintains 21 offices around the world. In July 2005, Click Holding Corp., a subsidiary of Hellman & Friedman LLC and JMI Equity, acquired DoubleClick in a transaction valued at approximately $1.1 billion Mitchell International Mitchell International, established in 1946, is a leading provider of information software, print publications and total business solutions to the insurance and automotive collision repair industries. In April 2000, HFCP IV acquired Mitchell from the Thomson Corporation. The Company’s products and services range from the assessment and estimation of vehicle damage to comprehensive data mining tools and complete collision shop management systems. The Nasdaq Stock Market The Nasdaq Stock Market is one of the world’s leading stock markets, operating an electronic, screen-based equity market that lists more companies and has more trading activity than any other stock market in the world. In May 2001, HFCP IV invested $240 million to purchase convertible subordina ted debentures representing an approximate 15% ownership interest in Nasdaq. With this investment, H&F was the first outside shareholder of Nasdaq interested solely in maximizing the value of the equity and helped Nasdaq transition from a membership-owned organization to a public corporation. In April 2005, HFCP IV entered into a follow-on investment in Nasdaq to support its acquisition of INET Vertafore, Inc Vertafore, Inc. is a leading provider of specialized software, services and information for the property and casualty insurance industry. In 2004, HFCP V acquired controlling interest of Vertafore in a proprietary, non-intermediated transaction. During its thirty year history, Vertafore has become the management system and information source to over 15,000 independent agencies, 120,000 end-users, and 300 insurance carriers through four principal operating entities: AMS Services, SilverPlume, AMS Rackley, and Allenbrook. Financial Sponsors Profiles34

DRAFT Bidder A Financial Sponsors Profiles 34

DRAFT Bidder B Financial Sponsors Profiles 36

Appendix B: Additional Information

Research Analysts’ Recommendations and Estimates Analyst Recommendations Evolution of Estimates1

Management vs. Analysts Estimates ($ in millions, except per share data) CY 2006 Estimates1 EPSRevenueEBITDA ³EBITNet Income Avg. Shares Management$ 1.46$ 454.1 $ 152.8 $ 110.1 $ 68.1 46.8 Goldman, Sachs & Co.1.39452.5 NA NA 65.2 46.9 Bear, Stearns & Co.1.41449.0 152.4 107.2 65.8 46.7 Deutsche Bank North America1.40451.9 153.0 107.9 65.4 46.7 First Analysis Securities Corp1.39451.2 150.3 106.3 65.1 46.8 JMP Securities1.43452.8 NA 109.4 66.6 46.6 JP Morgan1.43NA NA NA NA NA Robert W. Baird & Co., Inc.1.38456.4 155.7 110.3 64.5 46.7 William Blair & Company, L.L.C.1.41450.7 NA NA NA NA Analyst Median$ 1.41 $ 451.9 $ 152.7 $ 107.9 $ 65.3 46.7 Analyst Range — High to Low3.6 %1.6 %3.6 %3.7 %3.3 %0.7 % CY 2007 Estimates2 EPSRevenueEBITDA ³EBITNet Income Avg. Shares Management$ 1.50$ 498.8 $ 168.7 $ 119.7 $ 69.3 46.1 Goldman, Sachs & Co.1.32465.4 147.9 103.0 62.8 47.5 Bear, Stearns & Co.1.35479.3 NA 103.3 61.4 45.4 Deutsche Bank North America1.55500.2 172.9 123.3 70.2 45.5 First Analysis Securities Corp1.43492.2 156.9 113.4 66.7 46.7 JMP Securities1.41490.7 NA 104.1 65.4 46.5 JP Morgan1.59NA NA NA NA NA Robert W. Baird & Co., Inc.1.35504.0 172.1 124.1 61.9 45.9 William Blair & Company, L.L.C.NA NA NA NA NA NA Analyst Median$ 1.40 $ 490.3 $ 157.9 $ 109.1 $ 64.2 46.2 Analyst Range — High to Low20.4 %8.3 %16.9 %20.5 %14.5 %4.4 %

Colorprint Commentary Analyst Comments Goldman, Sachs & Co. n “Our 12-month price target of ~$25 is derived through blended risk/reward and DCF analyses. In both Simeon Gutman instances, we have given the company credit for notably enhanced CMS top-line growth due to the color printer rollout.” Sell n “On top of what is already expected to be a difficult fiscal 2007 due to color printer rollout costs and October 26, 2006 tough comparisons, on today’s conference call management revealed a couple of items that are potential areas for additional concern. First, Catalina’s international division (CMI) is losing two important clients beginning in the first calendar quarter of 2007. Second, of the flagship CMS division’s 8.5% quarterly top-line gain, more than half was driven by new Walgreen and Kmart installations. Third, because of the decay in manufacturer spending as nationally branded drugs go off patent, the ongoing generic boom could temper CHR’s growth in the intermediate-term.” JP Morgan n “While F2Q07 came in moderately below expectations, we believe investors will focus on how the Frederick Searby transition to color printers is progressing. Commentary on calendar 2007 selling season likely will be the key issue. Verbiage in the press release suggests it was positive, but we will wait and see. We Buy reiterate our Overweight.” October 26, 2006 n “With a clean balance sheet, strong FCF generation, and a sizable potential international opportunity, we like POS’ growth prospects. With eroding traditional media audiences set against ongoing price inflation, clients have to look to cheaper, higher ROI alternative media. Anecdotal evidence suggests that the shift to measured media/direct marketing will accelerate. POS could be the beneficiary of a reallocation of traditional marketing dollars...Trading at 8.4x EV/F2007E EBITDA, we view POS as an attractive investment opportunity....”

Colorprint Commentary Analyst Comments William Blair & Company n “At first look, Catalina reported disappointing second-quarter results. Growth remained strong in the Troy Mastin core business and International, but the Health Resource division was disappointing as a dearth of unusual projects throttled growth.” Strong Buy n “As expected, cash flow remained weak as the company is building out its color printer initiative. Free October 26, 2006 cash flow of -$19.1 million reflected $50 million in capital expenditures in the quarter, which helped the company reach an installed base of half of its domestic store base in the quarter.” n “The investment and cost ramp associated with growth appears to be higher than we had modeled; however, we are reserving full judgment until after the conference call this morning. Shares will likely fall under some pressure before the call as recent strength has pushed full valuation to 17.6 times 2008 EPS.”

Peer Beta CalculationAverage of Different Beta Sources5-Year Levered BetasBarraBloomberg1AverageColorprint0.971.191.08Harte Hanks0.810.710.76Acxiom0.791.020.91Valassis1.560.911.23Advo1.150.810.98InfoUSA1.211.191.20Median1.060.971.03

Cost of Equity and WACC Analysis ($ in millions) Risk Cost of Pre-Tax Effective Risk-Free Premium Equity Beta Equity Cost of Tax Rate Current Curr. Mkt. Val. Rate1234(t)5Debt (D)6 of Equity (E)7 WACC (Rp)(Be)(Ke)Debt (Kd) Colorprint84.70 %5.00 %1.0810.09 %6.00 %40.6 %$ 112$ 1,1699.52 % Harte Hanks4.70 %5.00 %0.768.51 %6.03 %38.6 %$ 167$ 2,0968.15 % Acxiom4.705.000.919.236.3839.07952,2657.84 Valassis94.705.001.2310.876.2334.72607239.07 Advo4.705.000.989.616.5037.51449148.85 InfoUSA4.705.001.2010.696.2036.01376509.52 Median1.039.85 %8.96 %

Appendix C: Hellman & Friedman Proposal