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Schacht Value Calls for Changes and a Special Dividend from Rimage Corporation

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  Published in Science and Technology on Tuesday, March 8th 2011 at 12:00 GMT by Market Wire
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GRANGER, Ind.--([ BUSINESS WIRE ])--Schacht Value Investors, LLC, (Schacht Value), a value-oriented investment management and research firm, has called for strategic and financial changes at portfolio holding Rimage Corporation (Nasdaq: RIMG). In a letter to the Board of Directors dated March 2, 2011 Schacht Value seeks a arenewed focus on Rimagea™s core businessa and a aspecial dividend of at least $100 million, or approximately $10 per share.a

"special dividend of at least $100 million, or approximately $10 per share."

In the letter, Henry W. Schacht, President and Chief Investment Officer of Schacht Value, asks the Board of Directors to anot burn its casha on acquisitions, and aconsider all options for increasing value, including a sale of the company.a

Schacht Value is an investment management and research company that adheres to a disciplined value approach, and is based in Granger, IN. Further information on Schacht Value can be found at its website, [ www.schachtvalue.com ].

Henry Schacht is available for comment on Rimage at 574-273-9846 or at [ henry@schachtvalue.com ].

Attached is the letter that Schacht Value sent to Rimage.

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