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  <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES
  AND EXCHANGE COMMISSION<br>
  </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Washington,
  D.C.&nbsp; 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="1" width="25%" noshade color="black" align="center">
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT
  REPORT</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">PURSUANT
  TO SECTION&nbsp;13 OR 15 (d)&nbsp;OF THE</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">SECURITIES
  EXCHANGE ACT OF 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">DATE OF
  REPORT (DATE OF EARLIEST EVENT REPORTED):</font></b> May&nbsp;22, 2008</p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="1" width="25%" noshade color="black" align="center">
  
  </font></b></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">VERTIS,
  INC.</font></b></p>
  
  <h4 style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">d/b/a Vertis Communications</font></b></h4>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DELAWARE</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">333-97721</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13-3768322</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State of
    Incorporation)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
    Number)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer<br>
    Identification Number)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">250
    WEST PRATT STREET</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">21201</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BALTIMORE,
    MARYLAND</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Zip Code)</font></p>
    </td>
   </tr>
   <tr>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of
    Principal Executive Offices)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="49%" valign="top" style="padding:0in .7pt 0in .7pt;width:49.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  </table>
  
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(410)
  528-9800</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s
  Telephone Number, Including Area Code)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">N/A</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former Name or
  Former Address, if Changed Since Last Report</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box
  below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the
  filing obligation of the registrant under any of the following provisions:</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center">
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Written communications
    pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
    </td>
   </tr>
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Soliciting material
    pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
    </td>
   </tr>
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pre-commencement
    communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17
    CFR 240.14d-2(b))</font></p>
    </td>
   </tr>
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="5%" valign="top" style="padding:0in .7pt 0in .7pt;width:5.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
    </td>
    <td width="95%" valign="top" style="padding:0in .7pt 0in .7pt;width:95.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pre-commencement
    communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17
    CFR 240.13e-4(c))</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\dtodman\08-14536-2\task2955229\14536-2-ba.htm',USER='dtodman',CD='May 22 13:46 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div style="font-family:Times New Roman;">
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.01.</font></b><font size="2" style="font-size:10.0pt;">  <b>Entry into a
  Material Definitive Agreement</b></font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On
  May&nbsp;22, 2008, Vertis,&nbsp;Inc., a Delaware corporation (the &#147;Company&#148;),
  entered into an Agreement and Plan of Merger (the &#147;Merger Agreement&#148;) with
  Vertis Holdings,&nbsp;Inc. (&#147;Holdings&#148;), the parent of the Company, Victory
  Merger Sub, LLC, a wholly-owned subsidiary of the Company (&#147;Victory Merger Sub&#148;),
  and ACG Holdings,&nbsp;Inc. (&#147;ACG&#148;).&#160;
  Under the terms of the Merger Agreement, Victory Merger Sub will be
  merged with and into ACG, with ACG surviving the merger (the &#147;Merger&#148;).&#160; A copy of the press release announcing the
  execution of the Merger Agreement is attached as Exhibit&nbsp;99.1 to this
  Current Report on Form&nbsp;8-K.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Consummation
  of the Merger is subject to the satisfaction of customary closing conditions
  and the receipt of necessary approvals.&#160;
  The Merger is subject to the restructuring and recapitalization of the
  parties&#146; outstanding indebtedness pursuant to the consummation of the chapter
  11 plan referred to below.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant
  to the Merger, each outstanding share of common stock, par value $0.01 per
  share, of ACG (the &#147;ACG Common Stock&#148;) will receive from </font><font size="2" style="font-size:10.0pt;">Vertis an
  amount in cash equal to: (a)&nbsp;0.0005 multiplied by (b)&nbsp;the reorganized
  equity value of Holdings to be set forth in the disclosure statement for the
  solicitation of votes for the </font><font size="2" style="font-size:10.0pt;">chapter 11 plan referred to below</font><font size="2" style="font-size:10.0pt;">, divided by (c)&nbsp;the
  total number of shares of ACG Common Stock outstanding immediately prior to the
  closing of the Merger</font><font size="2" style="font-size:10.0pt;">.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A
  copy of the Merger Agreement is attached as Exhibit&nbsp;2.1 to this Current
  Report on Form&nbsp;8-K.&#160; The foregoing
  description of the Merger Agreement does not purport to be complete and is
  qualified in its entirety by reference to the document.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
  Merger Agreement has been included to provide investors and security holders
  with information regarding its terms.&#160; It
  is not intended to provide any other factual information about the
  Company.&#160; The representations, warranties
  and covenants contained in the Merger Agreement were made only for purposes of
  such agreement and as of specific dates, were solely for the benefit of the
  parties to such agreement, and may be subject to limitations agreed upon by the
  contracting parties, including being qualified by confidential disclosures
  exchanged between the parties in connection with the execution of the Merger
  Agreement.&#160; The representations and
  warranties may have been made for the purposes of allocating contractual risk
  between the parties to the agreement instead of establishing these matters as
  facts, and may be subject to standards of materiality applicable to the
  contracting parties that differ from those applicable to investors.&#160; Investors are not third-party beneficiaries
  under the Merger Agreement and should not rely on the representations, warranties
  and covenants or any descriptions thereof as characterizations of the actual
  state of facts or condition of the Company or ACG or any of their respective
  subsidiaries or affiliates.&#160; Moreover,
  information concerning the subject matter of the representations and warranties
  may change after the date of the Merger Agreement and the subsequent
  information may or may not be fully reflected in the Company&#146;s public
  disclosures.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On
  May&nbsp;22, 2008, the Company entered into a restructuring and lock-up
  agreement (the &#147;Restructuring Agreement&#148;) with certain holders of the 10%
  Senior Second Secured Notes due 2010 (the &#147;Graphics&#146; Notes&#148;) of American Color
  Graphics,&nbsp;Inc. (&#147;Graphics&#148;) and of the Company&#146;s 9.75% Senior Secured
  Second Lien Notes due 2009 (the </font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\dtodman\08-14536-2\task2955229\14536-2-ba.htm',USER='dtodman',CD='May 22 13:46 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Second Lien Notes&#148;), 10.875% Senior Notes due 2009
  (the &#147;Senior Notes&#148;) and 13.5% Senior Subordinated Notes due 2009 (the &#147;Senior
  Subordinated Notes&#148;, and together with the Second Lien Notes and the Senior
  Subordinated Notes, the &#147;Vertis Notes&#148;) (the Vertis Notes and the Graphics&#146;
  Notes are collectively referred to as the &#147;Notes&#148;).&#160; Pursuant to the Restructuring Agreement,
  certain holders of the Notes have agreed to restructure and recapitalize the
  Notes (the restructuring and the recapitalization, the &#147;Transactions&#148;).&#160; The Transactions will be implemented through
  a solicitation of votes for a prepackaged plan of reorganization of Holdings,
  the Company and certain other subsidiaries of Holdings and ACG and Graphics,
  respectively, pursuant to Regulation D under the Securities Act of 1933, as
  amended, and Sections 1125, 1126 and 1145 of the Bankruptcy Code.&#160; Holdings, the Company and such other
  subsidiaries of Holdings, on the one hand, and ACG and Graphics, on the other
  hand, intend to commence voluntary reorganization cases under chapter 11 of the
  Bankruptcy Code to effect the Transactions through a pre-packaged chapter 11
  plan of reorganization on the terms set forth in the term sheet attached as Exhibit&nbsp;A
  to the Restructuring Agreement.&#160; The
  holders of more than two-thirds of the outstanding principal amount of each of the
  Second Lien Notes, the Senior Notes, the Senior Subordinated Notes and holders
  of a majority of the outstanding principal amount of the Graphics&#146; Notes agreed
  to vote in favor of the chapter 11 plan, subject to the terms and conditions of
  the Restructuring Agreement or certain other agreements.&#160; This Current Report on Form&nbsp;8-K does not
  constitute an offer to purchase any securities or a solicitation of an offer to
  sell any securities.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant
  to the Restructuring Agreement, (i)&nbsp;the holders of the $350 million of
  Second Lien Notes will receive new second lien notes of the Company in the same
  principal amount as their existing notes, (ii)&nbsp;the holders of the $350
  million of Senior Notes will receive $107 million of new senior notes of Vertis
  and approximately 57% of the new common stock of Holdings, (iii)&nbsp;the
  holders of the $293.5 million of Senior Subordinated Notes will receive $27
  million of new senior notes of Vertis, 10% of the new common stock of Holdings
  and warrants to acquire 11.5% of the new common stock of Holdings, at an
  implied strike price equivalent to the principal amount of, plus accrued
  interest on, the Senior Notes, (iv)&nbsp;the holders of the existing common
  stock of Holdings will have their shares cancelled and receive no distribution,
  and (v)&nbsp;the holders of the $280 million of Graphics Notes will receive $66
  million of the new senior notes of Vertis and approximately 33% of the new
  common stock of Holdings.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A
  copy of the press release announcing the Restructuring Agreement is attached as
  Exhibit&nbsp;99.1 to this Current Report on Form&nbsp;8-K.&#160; A copy of the Restructuring Agreement is
  attached as Exhibit&nbsp;99.2 to this Current Report on Form&nbsp;8-K and is
  incorporated herein by reference.&#160; By
  filing this Current Report on Form&nbsp;8-K and furnishing this information,
  the Company makes no admission as to the materiality of any information in this
  report.&#160; </font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8.01. Other Events</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
  projections furnished as Exhibit&nbsp;99.3 to this Current Report on Form 8-K contain
  forward looking statements, the realization of which is subject to a
  significant amount of uncertainty.&#160;
  Factors both within and outside the control of the Company and ACG will
  affect the ability to realize any of the results reflected in the
  projections.&#160; In particular, realization
  of these results depends in part on the Company&#146;s ability to reach satisfactory
  agreements with a variety of third parties in respect to different
  matters.&#160; Furthermore, the information is
  a high-level summary only and subject to assumptions, qualifications and
  performance criteria not otherwise described in the information in the </font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\dtodman\08-14536-2\task2955229\14536-2-ba.htm',USER='dtodman',CD='May 22 13:46 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">projections.&#160;
  The projections are intended to be considered in the context of the
  Company&#146;s filings with the SEC and other public announcements that the Company
  makes, by press release or otherwise, from time to time.&#160; The projections are based on information
  available to the Company as of May&nbsp;14, 2008 and the Company continues to
  refine its information and understanding of the steps required to achieve the
  stated results.&#160; The Company undertakes
  no duty or obligation to publicly update or revise the projections contained in
  this report, although it may do so from time to time as its management believes
  is appropriate.&#160; Any such updating may be
  made through the filing of other reports or documents with the SEC, through
  press releases or through other public disclosure.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
  information furnished pursuant to the immediately preceding paragraph of this
  Current Report on Form&nbsp;8-K, including the exhibit attached hereto, shall
  not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities
  Exchange Act of 1934 (the &#147;Exchange Act&#148;) or otherwise subject to the
  liabilities of that section, nor shall it be deemed incorporated by reference
  into any other filing under the Securities Act of 1933 or the Exchange Act,
  except as expressly set forth by specific reference in such a filing.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Forward-Looking Statements</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Current Report on Form&nbsp;8-K may contain
  forward-looking statements.&#160; The words &#147;believes,
  &#147;anticipates, &#147;expects, &#147;estimates, &#147;plans, &#147;intends,&#148; and similar expressions
  are intended to identify forward-looking statements.&#160; All forward-looking statements are subject to
  a number of risks and uncertainties that could cause actual results to differ
  materially from projected results.&#160;
  Factors that may cause these differences include fluctuations in the
  cost of raw materials the Company uses, changes in the advertising, marketing
  and information services markets, the financial condition of our customers,
  actions by the Company&#146;s competitors, changes in the legal or regulatory
  environment, general economic and business conditions in the U.S. and other
  countries, and changes in interest and foreign currency exchange rates.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certain
  additional factors could affect the outcome of the matters described in this
  Current Report on Form&nbsp;8-K.&#160; These
  factors include, but are not limited to, (1)&nbsp;the occurrence of any event,
  change or other circumstances that could give rise to the termination of the
  Merger Agreement; (2)&nbsp;the outcome of any legal proceedings that may be
  instituted against the Company and others following announcement of the Merger
  Agreement; (3)&nbsp;the failure to satisfy other conditions to completion of
  the Merger; (4)&nbsp;the failure of the Company to obtain the financing
  necessary to consummate the Merger and the failure to consummate the
  refinancing of certain outstanding indebtedness of the Company and ACG; (5)&nbsp;risks
  that the proposed transaction disrupts current plans and operations and the
  potential difficulties in employee retention as a result of the Merger; (6)&nbsp;the
  ability to recognize the benefits of the Merger, including any synergies that
  may result from the Merger; and (7)&nbsp;the amount of the costs, fees,
  expenses and charges related to the Merger and the actual terms of certain
  financings that will be obtained for the Merger.&#160; Many of the factors that will determine the
  outcome of the subject matter of this press release are beyond the Company&#146;s
  ability to control or predict.&#160; The
  Company undertakes no obligation to revise or update any forward-looking
  statements, or to make any other forward-looking statements, whether as a
  result of new information, future events or otherwise.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Additional
  information regarding these risk factors and uncertainties is detailed from
  time to time in the Company&#146;s filings with the Securities and Exchange
  Commission (the &#147;SEC&#148;), </font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
  
  <div style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\dtodman\08-14536-2\task2955229\14536-2-ba.htm',USER='dtodman',CD='May 22 13:46 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">including but not limited to our most recent Forms
  10-K and 10-Q, available for viewing on our website.&#160; (To access this information on our website,
  www.vertisinc.com, please click on &#147;Investors&#148;, &#147;SEC Filings&#148;).</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01. Financial Statements
  and Exhibits.</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&nbsp;<u>Exhibits</u>.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement and Plan of Merger
    dated May&nbsp;22, 2008</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press release dated May&nbsp;22,
    2008</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.2</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restructuring Agreement dated
    May&nbsp;22, 2008</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.36%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.3</font></p>
    </td>
    <td width="7%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:7.06%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="83%" valign="top" style="padding:0in .7pt 0in .7pt;width:83.58%;">
    <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Projections</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.96%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.04%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VERTIS, INC.</font></p>
    </td>
   </tr>
   <tr>
    <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.96%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="47%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:47.04%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.96%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="43%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:43.44%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.96%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
    </td>
    <td width="43%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:43.44%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ BARRY C. KOHN</font></p>
    </td>
   </tr>
   <tr>
    <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.96%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:6.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
    </td>
    <td width="37%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:37.44%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Barry C. Kohn</font></p>
    </td>
   </tr>
   <tr>
    <td width="52%" valign="top" style="padding:0in .7pt 0in .7pt;width:52.96%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="3%" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="6%" valign="top" style="padding:0in .7pt 0in .7pt;width:6.0%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
    </td>
    <td width="37%" valign="top" style="padding:0in .7pt 0in .7pt;width:37.44%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:&#160; May 22, 2008</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  
  <div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\dtodman\08-14536-2\task2955229\14536-2-ba.htm',USER='dtodman',CD='May 22 13:46 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INDEX TO EXHIBITS</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="9%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit&nbsp;<br>
    No.</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="87%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:87.86%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement
    and Plan of Merger dated May&nbsp;22, 2008</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press
    release dated May&nbsp;22, 2008</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.2</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restructuring
    Agreement dated May&nbsp;22, 2008</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
   </tr>
   <tr>
    <td width="9%" valign="top" style="padding:0in .7pt 0in .7pt;width:9.74%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.3</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.4%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="87%" valign="top" style="padding:0in .7pt 0in .7pt;width:87.86%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Projections</font></p>
    </td>
   </tr>
  </table>
  
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>
  
  <div style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">
  
  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-14536_28k.htm", "description": "8-K", "secsgml_size_bytes": 56387}]
metadata_filer: {"company-data": {"conformed-name": "VERTIS INC", "cik": "0001178717", "assigned-sic": "7311", "irs-number": "133768322", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-97721", "film-number": "08854966"}, "business-address": {"street1": "250 WEST PRATT STREET 18TH FL", "city": "BALTIMORE", "state": "MD", "zip": "21201", "phone": "4105289800"}, "mail-address": {"street1": "250 WEST PRATT ST 18TH FLOOR", "city": "BALTIMORE", "state": "MD", "zip": "21201"}}
text: SECURITIES
  AND EXCHANGE COMMISSION
  Washington,
  D.C.  20549
  FORM 8-K
  CURRENT
  REPORT
  PURSUANT
  TO SECTION 13 OR 15 (d) OF THE
  SECURITIES
  EXCHANGE ACT OF 1934
  DATE OF
  REPORT (DATE OF EARLIEST EVENT REPORTED):
  May 22, 2008
  VERTIS,
  INC.
  d/b/a Vertis Communications
  (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
  DELAWARE
  333-97721
  13-3768322
  (State of
    Incorporation)
  (Commission File
    Number)
  (IRS Employer
  Identification Number)
  250
    WEST PRATT STREET
  21201
  BALTIMORE,
    MARYLAND
  (Zip Code)
  (Address of
    Principal Executive Offices)
  (410)
  528-9800
  (Registrant's
  Telephone Number, Including Area Code)
  N/A
  (Former Name or
  Former Address, if Changed Since Last Report
  Check the appropriate box
  below if the Form 8-K filing is intended to simultaneously satisfy the
  filing obligation of the registrant under any of the following provisions:
  o
  Written communications
    pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  o
  Soliciting material
    pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17
    CFR 240.14d-2(b))
  o
  Pre-commencement
    communications pursuant to Rule 13e-4(c) under the Exchange Act (17
    CFR 240.13e-4(c))
  Item 1.01.
  Entry into a
  Material Definitive Agreement
  On
  May 22, 2008, Vertis, Inc., a Delaware corporation (the "Company"),
  entered into an Agreement and Plan of Merger (the "Merger Agreement") with
  Vertis Holdings, Inc. ("Holdings"), the parent of the Company, Victory
  Merger Sub, LLC, a wholly-owned subsidiary of the Company ("Victory Merger Sub"),
  and ACG Holdings, Inc. ("ACG"). 
  Under the terms of the Merger Agreement, Victory Merger Sub will be
  merged with and into ACG, with ACG surviving the merger (the "Merger").  A copy of the press release announcing the
  execution of the Merger Agreement is attached as Exhibit 99.1 to this
  Current Report on Form 8-K.
  Consummation
  of the Merger is subject to the satisfaction of customary closing conditions
  and the receipt of necessary approvals. 
  The Merger is subject to the restructuring and recapitalization of the
  parties' outstanding indebtedness pursuant to the consummation of the chapter
  11 plan referred to below.
  Pursuant
  to the Merger, each outstanding share of common stock, par value $0.01 per
  share, of ACG (the "ACG Common Stock") will receive from
  Vertis an
  amount in cash equal to: (a) 0.0005 multiplied by (b) the reorganized
  equity value of Holdings to be set forth in the disclosure statement for the
  solicitation of votes for the
  chapter 11 plan referred to below
  , divided by (c) the
  total number of shares of ACG Common Stock outstanding immediately prior to the
  closing of the Merger
  .
  A
  copy of the Merger Agreement is attached as Exhibit 2.1 to this Current
  Report on Form 8-K.  The foregoing
  description of the Merger Agreement does not purport to be complete and is
  qualified in its entirety by reference to the document.
  The
  Merger Agreement has been included to provide investors and security holders
  with information regarding its terms.  It
  is not intended to provide any other factual information about the
  Company.  The representations, warranties
  and covenants contained in the Merger Agreement were made only for purposes of
  such agreement and as of specific dates, were solely for the benefit of the
  parties to such agreement, and may be subject to limitations agreed upon by the
  contracting parties, including being qualified by confidential disclosures
  exchanged between the parties in connection with the execution of the Merger
  Agreement.  The representations and
  warranties may have been made for the purposes of allocating contractual risk
  between the parties to the agreement instead of establishing these matters as
  facts, and may be subject to standards of materiality applicable to the
  contracting parties that differ from those applicable to investors.  Investors are not third-party beneficiaries
  under the Merger Agreement and should not rely on the representations, warranties
  and covenants or any descriptions thereof as characterizations of the actual
  state of facts or condition of the Company or ACG or any of their respective
  subsidiaries or affiliates.  Moreover,
  information concerning the subject matter of the representations and warranties
  may change after the date of the Merger Agreement and the subsequent
  information may or may not be fully reflected in the Company's public
  disclosures.
  On
  May 22, 2008, the Company entered into a restructuring and lock-up
  agreement (the "Restructuring Agreement") with certain holders of the 10%
  Senior Second Secured Notes due 2010 (the "Graphics' Notes") of American Color
  Graphics, Inc. ("Graphics") and of the Company's 9.75% Senior Secured
  Second Lien Notes due 2009 (the
  2
  "Second Lien Notes"), 10.875% Senior Notes due 2009
  (the "Senior Notes") and 13.5% Senior Subordinated Notes due 2009 (the "Senior
  Subordinated Notes", and together with the Second Lien Notes and the Senior
  Subordinated Notes, the "Vertis Notes") (the Vertis Notes and the Graphics'
  Notes are collectively referred to as the "Notes").  Pursuant to the Restructuring Agreement,
  certain holders of the Notes have agreed to restructure and recapitalize the
  Notes (the restructuring and the recapitalization, the "Transactions").  The Transactions will be implemented through
  a solicitation of votes for a prepackaged plan of reorganization of Holdings,
  the Company and certain other subsidiaries of Holdings and ACG and Graphics,
  respectively, pursuant to Regulation D under the Securities Act of 1933, as
  amended, and Sections 1125, 1126 and 1145 of the Bankruptcy Code.  Holdings, the Company and such other
  subsidiaries of Holdings, on the one hand, and ACG and Graphics, on the other
  hand, intend to commence voluntary reorganization cases under chapter 11 of the
  Bankruptcy Code to effect the Transactions through a pre-packaged chapter 11
  plan of reorganization on the terms set forth in the term sheet attached as Exhibit A
  to the Restructuring Agreement.  The
  holders of more than two-thirds of the outstanding principal amount of each of the
  Second Lien Notes, the Senior Notes, the Senior Subordinated Notes and holders
  of a majority of the outstanding principal amount of the Graphics' Notes agreed
  to vote in favor of the chapter 11 plan, subject to the terms and conditions of
  the Restructuring Agreement or certain other agreements.  This Current Report on Form 8-K does not
  constitute an offer to purchase any securities or a solicitation of an offer to
  sell any securities.
  Pursuant
  to the Restructuring Agreement, (i) the holders of the $350 million of
  Second Lien Notes will receive new second lien notes of the Company in the same
  principal amount as their existing notes, (ii) the holders of the $350
  million of Senior Notes will receive $107 million of new senior notes of Vertis
  and approximately 57% of the new common stock of Holdings, (iii) the
  holders of the $293.5 million of Senior Subordinated Notes will receive $27
  million of new senior notes of Vertis, 10% of the new common stock of Holdings
  and warrants to acquire 11.5% of the new common stock of Holdings, at an
  implied strike price equivalent to the principal amount of, plus accrued
  interest on, the Senior Notes, (iv) the holders of the existing common
  stock of Holdings will have their shares cancelled and receive no distribution,
  and (v) the holders of the $280 million of Graphics Notes will receive $66
  million of the new senior notes of Vertis and approximately 33% of the new
  common stock of Holdings.
  A
  copy of the press release announcing the Restructuring Agreement is attached as
  Exhibit 99.1 to this Current Report on Form 8-K.  A copy of the Restructuring Agreement is
  attached as Exhibit 99.2 to this Current Report on Form 8-K and is
  incorporated herein by reference.  By
  filing this Current Report on Form 8-K and furnishing this information,
  the Company makes no admission as to the materiality of any information in this
  report.
  Item 8.01. Other Events
  The
  projections furnished as Exhibit 99.3 to this Current Report on Form 8-K contain
  forward looking statements, the realization of which is subject to a
  significant amount of uncertainty. 
  Factors both within and outside the control of the Company and ACG will
  affect the ability to realize any of the results reflected in the
  projections.  In particular, realization
  of these results depends in part on the Company's ability to reach satisfactory
  agreements with a variety of third parties in respect to different
  matters.  Furthermore, the information is
  a high-level summary only and subject to assumptions, qualifications and
  performance criteria not otherwise described in the information in the
  3
  projections. 
  The projections are intended to be considered in the context of the
  Company's filings with the SEC and other public announcements that the Company
  makes, by press release or otherwise, from time to time.  The projections are based on information
  available to the Company as of May 14, 2008 and the Company continues to
  refine its information and understanding of the steps required to achieve the
  stated results.  The Company undertakes
  no duty or obligation to publicly update or revise the projections contained in
  this report, although it may do so from time to time as its management believes
  is appropriate.  Any such updating may be
  made through the filing of other reports or documents with the SEC, through
  press releases or through other public disclosure.
  The
  information furnished pursuant to the immediately preceding paragraph of this
  Current Report on Form 8-K, including the exhibit attached hereto, shall
  not be deemed "filed" for purposes of Section 18 of the Securities
  Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the
  liabilities of that section, nor shall it be deemed incorporated by reference
  into any other filing under the Securities Act of 1933 or the Exchange Act,
  except as expressly set forth by specific reference in such a filing.
  Forward-Looking Statements
  This Current Report on Form 8-K may contain
  forward-looking statements.  The words "believes,
  "anticipates, "expects, "estimates, "plans, "intends," and similar expressions
  are intended to identify forward-looking statements.  All forward-looking statements are subject to
  a number of risks and uncertainties that could cause actual results to differ
  materially from projected results. 
  Factors that may cause these differences include fluctuations in the
  cost of raw materials the Company uses, changes in the advertising, marketing
  and information services markets, the financial condition of our customers,
  actions by the Company's competitors, changes in the legal or regulatory
  environment, general economic and business conditions in the U.S. and other
  countries, and changes in interest and foreign currency exchange rates.
  Certain
  additional factors could affect the outcome of the matters described in this
  Current Report on Form 8-K.  These
  factors include, but are not limited to, (1) the occurrence of any event,
  change or other circumstances that could give rise to the termination of the
  Merger Agreement; (2) the outcome of any legal proceedings that may be
  instituted against the Company and others following announcement of the Merger
  Agreement; (3) the failure to satisfy other conditions to completion of
  the Merger; (4) the failure of the Company to obtain the financing
  necessary to consummate the Merger and the failure to consummate the
  refinancing of certain outstanding indebtedness of the Company and ACG; (5) risks
  that the proposed transaction disrupts current plans and operations and the
  potential difficulties in employee retention as a result of the Merger; (6) the
  ability to recognize the benefits of the Merger, including any synergies that
  may result from the Merger; and (7) the amount of the costs, fees,
  expenses and charges related to the Merger and the actual terms of certain
  financings that will be obtained for the Merger.  Many of the factors that will determine the
  outcome of the subject matter of this press release are beyond the Company's
  ability to control or predict.  The
  Company undertakes no obligation to revise or update any forward-looking
  statements, or to make any other forward-looking statements, whether as a
  result of new information, future events or otherwise.
  Additional
  information regarding these risk factors and uncertainties is detailed from
  time to time in the Company's filings with the Securities and Exchange
  Commission (the "SEC"),
  4
  including but not limited to our most recent Forms
  10-K and 10-Q, available for viewing on our website.  (To access this information on our website,
  www.vertisinc.com, please click on "Investors", "SEC Filings").
  Item 9.01. Financial Statements
  and Exhibits.
  (d)
  Exhibits
  .
  2.1
  Agreement and Plan of Merger
    dated May 22, 2008
  99.1
  Press release dated May 22,
    2008
  99.2
  Restructuring Agreement dated
    May 22, 2008
  99.3
  Projections
  SIGNATURE
  Pursuant
  to the requirements of the Securities Exchange Act of 1934, the registrant has
  duly caused this report to be signed on its behalf by the undersigned hereunto
  duly authorized.
  VERTIS, INC.
  By:
  /s/ BARRY C. KOHN
  Name:
  Barry C. Kohn
  Title:
  Chief Financial Officer
  Date:  May 22, 2008
  5
  INDEX TO EXHIBITS
  Exhibit
  No.
  Description
  2.1
  Agreement
    and Plan of Merger dated May 22, 2008
  99.1
  Press
    release dated May 22, 2008
  99.2
  Restructuring
    Agreement dated May 22, 2008
  99.3
  Projections
  6