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  <p align="center" style="font-size:10.0pt;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</font></b><b><br>
  Washington, D.C.&nbsp; 20549</b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">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">&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">&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">&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;27, 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;font-weight:normal;">&nbsp;</font></b></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;">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">&nbsp;</font></p>
  
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   <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>
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    <td width="66%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:66.0%;">
    <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>
    </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:10.0pt;">&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;">&nbsp;</font></p>
    </td>
   </tr>
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    <td width="66%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:66.0%;">
    <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;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="bottom" 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:1.0pt;">&nbsp;</font></p>
    </td>
   </tr>
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    <td width="66%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:66.0%;">
    <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="32%" valign="bottom" 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;">21201</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="66%" colspan="3" valign="top" style="padding:0in .7pt 0in .7pt;width:66.0%;">
    <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="32%" valign="bottom" 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;">(Zip Code)</font></p>
    </td>
   </tr>
  </table>
  
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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">&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">&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">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp; Written communications
  pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp; Soliciting material
  pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp; Pre-commencement
  communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17
  CFR 240.14d-2(b))</p>
  
  <p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&nbsp;&nbsp;&nbsp; Pre-commencement
  communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17
  CFR 240.13e-4(c))</p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt .25in;padding:0in;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
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  <hr size="3" width="100%" noshade color="#010101" align="left">
  
  </font></b></div>
  
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  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\dtodman\08-15555-1\task2969698\15555-1-ba.htm',USER='dtodman',CD='Jun  2 11:21 2008' -->
  
  
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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&nbsp;1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
  previously announced and as part of the strategy of Vertis,&nbsp;Inc. (the &#147;Company&#148;)
  to preserve and enhance its near-term liquidity, the Company elected to forego
  making a $17.1 million interest payment on its 9-3/4% Senior Secured Second
  Lien Notes (the &#147;Second Lien Notes&#148;), which was due on April&nbsp;1, 2008.&nbsp;
  Under the terms of the indenture governing the Second Lien Notes, the Company
  had a thirty-day grace period in which to make this interest payment before it
  would be an event of default.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
  to a forbearance agreement (the &#147;Forbearance Agreement&#148;) dated April&nbsp;3,
  2008, as amended pursuant to the First Amendment to Forbearance Agreement,
  dated as of May&nbsp;2, 2008, the lenders (the &#147;Lenders&#148;) under the Credit
  Agreement (as defined below) agreed to forbear from exercising their right to
  not make any additional advances or incur any additional letter of credit
  obligations under the Company&#146;s four-year revolving credit agreement (the &#147;Credit
  Agreement&#148;) until the earliest to occur of (i)&nbsp;May&nbsp;27, 2008, (ii)&nbsp;the
  failure of the Company to satisfy certain borrowing availability conditions
  under the Credit Agreement and (iii)&nbsp;the occurrence of certain other
  events described in the Forbearance Agreement (the &#147;Forbearance Period&#148;).&#160; The Lenders also agreed to forbear during the
  Forbearance Period from exercising certain of their other rights and remedies
  that may exist as a result of the Company&#146;s failure to make the interest
  payment on the Second Lien Notes due on April&nbsp;1, 2008.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
  connection therewith, pursuant to a forbearance agreement (the &#147;Receivables
  Forbearance Agreement&#148;) dated April&nbsp;2, 2008, General Electric Capital
  Corporation, as administrative agent (the &#147;Agent&#148;), and the lenders (the &#147;A/R
  Lenders&#148;) under that certain Receivables Funding and Administration Agreement,
  dated as of November&nbsp;25, 2005 (as amended, the &#147;Funding Agreement&#148;) agreed
  to forbear from exercising their right to not make any additional advances
  under the Funding Agreement until the earliest to occur of (i)&nbsp;May&nbsp;27,
  2008, (ii)&nbsp;the occurrence of certain other events described in the Receivables
  Forbearance Agreement, or (iii)&nbsp;the finalization of the Forbearance Period
  (the &#147;A/R Forbearance Period&#148;).&#160; The A/R Lenders
  and the Agent also agreed to forbear during the A/R Forbearance Period from
  exercising certain of their other rights and remedies that may exist as a
  result of the Company&#146;s failure to make the interest payment on the Second Lien
  Notes due on April&nbsp;1, 2008.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
  previously announced, the Company 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;).&nbsp;
  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;).&nbsp; Consummation
  of the Merger is subject to the satisfaction of customary closing conditions and
  the receipt of necessary approvals.&nbsp; 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-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As
  previously announced, the Company entered into a certain Restructuring and
  Lock-Up Agreement, dated as of May&nbsp;22, 2008 (the &#147;Restructuring Agreement&#148;)
  among, inter alia, the Company, certain of its subsidiaries and certain of the
  holders of the Company&#146;s 9-3/4% 2003 Senior Secured Second Lien Notes, 13 1/2%
  Senior Subordinated Notes (the &#147;Senior Subordinated Notes&#148;), 10 7/8% Senior
  Notes (the &#147;Senior Notes&#148;) (collectively, the &#147;Notes&#148;). </font>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;).&nbsp;
  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, ACG and American Color Graphics,&nbsp;Inc. (&#147;Graphics&#148;), respectively, pursuant to Regulation D
  under the Securities Act of 1933, as amended, and Sections 1125, 1126 and 1145
  of the Bankruptcy Code.&nbsp; 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.&nbsp; 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 10% Senior Second Secured Notes due
  2010 of Graphics, agreed to vote in
  favor of the chapter 11 plan, subject to the terms and conditions of the
  Restructuring Agreement.</p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">2</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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  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\dtodman\08-15555-1\task2969698\15555-1-ba.htm',USER='dtodman',CD='Jun  2 11:21 2008' -->
  
  
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  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to agreeing to support the pre-packaged chapter&nbsp;11
  plan of reorganization, subject to terms and conditions of the Restructuring
  Agreement, the above mentioned noteholders also agreed to forbear from
  exercising remedies related to the nonpayment of interest on the Notes.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;27,
  2008, as a result of its entry into the Restructuring Agreement, the Company
  elected not to make the interest payment on June&nbsp;1, 2008 under the February&nbsp;2003
  Senior Subordinated Notes and on June&nbsp;15, 2008 under the 2002 Senior Notes
  (together, the &#147;New Missed Payments&#148;), both of which will constitute a default
  under the Credit Agreement, and could result in an event of servicer
  termination and a termination event under the Funding Agreement.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant
  to the Second Amendment to Forbearance Agreement (the &#147;Second Amendment&#148;), dated
  as of May&nbsp;27, 2008, the Lenders agreed to forbear from exercising (i)&nbsp;their
  right to not make any additional advances or incur any additional letter of
  credit obligations under the Credit Agreement, and (ii)&nbsp;certain of their
  rights and remedies against the Company that may exist as a result of the
  Company&#146;s failure to make the interest payment on June&nbsp;1, 2008 under the February&nbsp;2003
  Senior Subordinated Notes and on June&nbsp;15, 2008 under the 2002 Senior Notes,
  in addition to the interest payment due on April&nbsp;1, 2008 under the Second
  Lien Notes. The agreement to forbear as per the Second Amendment will remain in
  effect until the earliest to occur of (i)&nbsp;July&nbsp;16, 2008, (ii)&nbsp;the
  failure of the Company to satisfy certain borrowing availability conditions
  under the Credit Agreement or (iii)&nbsp;the occurrence of certain other events
  described in the Second Amendment as &#147;Forbearance Defaults&#148;, which include the
  occurrence of further defaults or events of default under the terms of the
  Credit Agreement and any breach or default under the Merger Agreement or the
  Restructuring Agreement, among others (the &#147;New Forbearance Period&#148;).</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
  connection therewith, pursuant to the First Amendment to Forbearance Agreement
  (the &#147;Amendment to the Receivables Forbearance&#148;), dated as of May&nbsp;27,
  2008, the A/R Lenders and the Agent agreed to forbear from exercising (i)&nbsp;their
  right to not make any additional advances under the Funding Agreement, and (ii)&nbsp;certain
  of their rights and remedies that may exist as a result of the Company&#146;s
  failure to make the interest payment on June&nbsp;1, 2008 under the Senior
  Subordinated Notes and on June&nbsp;15, 2008 under the Senior Notes, in
  addition to the interest payment due on April&nbsp;1, 2008 under the Second
  Lien Notes. The agreement to forbear as per the Amendment to the Receivables
  Forbearance will remain in effect until the earliest to occur of (i)&nbsp;July&nbsp;16,
  2008, (ii)&nbsp;the termination of the New Forbearance Period, and (iii)&nbsp;the
  occurrence of certain other events described in the Amendment to the
  Receivables Forbearance as &#147;Forbearance Termination Events&#148;, which include the
  occurrence of further termination events under the terms of the Funding Agreement
  and any breach or default under the Merger Agreement or the Restructuring
  Agreement, among others.</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">3</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='3',FILE='C:\JMS\dtodman\08-15555-1\task2969698\15555-1-ba.htm',USER='dtodman',CD='Jun  2 11:21 2008' -->
  
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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">&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>
  
  <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="99%" style="border-collapse:collapse;width:99.44%;">
   <tr>
    <td width="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="363" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:272.15pt;">
    <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="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="22" valign="top" style="padding:0in .7pt 0in .7pt;width:16.65pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="341" valign="top" style="padding:0in .7pt 0in .7pt;width:255.5pt;">
    <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="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="22" valign="top" style="padding:0in .7pt 0in .7pt;width:16.65pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
    </td>
    <td width="341" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:255.5pt;">
    <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="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="22" valign="top" style="padding:0in .7pt 0in .7pt;width:16.65pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="341" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:255.5pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:&nbsp;Barry
    C. Kohn</font></p>
    </td>
   </tr>
   <tr>
    <td width="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="22" valign="top" style="padding:0in .7pt 0in .7pt;width:16.65pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="341" valign="top" style="padding:0in .7pt 0in .7pt;width:255.5pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:&nbsp;&nbsp;Chief
    Financial Officer</font></p>
    </td>
   </tr>
   <tr>
    <td width="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="22" valign="top" style="padding:0in .7pt 0in .7pt;width:16.65pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
    </td>
    <td width="341" valign="top" style="padding:0in .7pt 0in .7pt;width:255.5pt;">
    <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="355" valign="top" style="padding:0in .7pt 0in .7pt;width:266.2pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:&nbsp; June 2, 2008</font></p>
    </td>
    <td width="22" valign="top" style="padding:0in .7pt 0in .7pt;width:16.65pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="341" valign="top" style="padding:0in .7pt 0in .7pt;width:255.5pt;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
   </tr>
  </table>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">4</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>
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "a08-15555_18k.htm", "description": "8-K", "secsgml_size_bytes": 31660}]
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": "08873330"}, "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 27, 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
  BALTIMORE, MARYLAND
  21201
  (Address of Principal Executive Offices)
  (Zip Code)
  (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
  As
  previously announced and as part of the strategy of Vertis, Inc. (the "Company")
  to preserve and enhance its near-term liquidity, the Company elected to forego
  making a $17.1 million interest payment on its 9-3/4% Senior Secured Second
  Lien Notes (the "Second Lien Notes"), which was due on April 1, 2008. 
  Under the terms of the indenture governing the Second Lien Notes, the Company
  had a thirty-day grace period in which to make this interest payment before it
  would be an event of default.
  Pursuant
  to a forbearance agreement (the "Forbearance Agreement") dated April 3,
  2008, as amended pursuant to the First Amendment to Forbearance Agreement,
  dated as of May 2, 2008, the lenders (the "Lenders") under the Credit
  Agreement (as defined below) agreed to forbear from exercising their right to
  not make any additional advances or incur any additional letter of credit
  obligations under the Company's four-year revolving credit agreement (the "Credit
  Agreement") until the earliest to occur of (i) May 27, 2008, (ii) the
  failure of the Company to satisfy certain borrowing availability conditions
  under the Credit Agreement and (iii) the occurrence of certain other
  events described in the Forbearance Agreement (the "Forbearance Period").  The Lenders also agreed to forbear during the
  Forbearance Period from exercising certain of their other rights and remedies
  that may exist as a result of the Company's failure to make the interest
  payment on the Second Lien Notes due on April 1, 2008.
  In
  connection therewith, pursuant to a forbearance agreement (the "Receivables
  Forbearance Agreement") dated April 2, 2008, General Electric Capital
  Corporation, as administrative agent (the "Agent"), and the lenders (the "A/R
  Lenders") under that certain Receivables Funding and Administration Agreement,
  dated as of November 25, 2005 (as amended, the "Funding Agreement") agreed
  to forbear from exercising their right to not make any additional advances
  under the Funding Agreement until the earliest to occur of (i) May 27,
  2008, (ii) the occurrence of certain other events described in the Receivables
  Forbearance Agreement, or (iii) the finalization of the Forbearance Period
  (the "A/R Forbearance Period").  The A/R Lenders
  and the Agent also agreed to forbear during the A/R Forbearance Period from
  exercising certain of their other rights and remedies that may exist as a
  result of the Company's failure to make the interest payment on the Second Lien
  Notes due on April 1, 2008.
  As
  previously announced, 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").  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.
  As
  previously announced, the Company entered into a certain Restructuring and
  Lock-Up Agreement, dated as of May 22, 2008 (the "Restructuring Agreement")
  among, inter alia, the Company, certain of its subsidiaries and certain of the
  holders of the Company's 9-3/4% 2003 Senior Secured Second Lien Notes, 13 1/2%
  Senior Subordinated Notes (the "Senior Subordinated Notes"), 10 7/8% Senior
  Notes (the "Senior Notes") (collectively, 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, ACG and American Color Graphics, Inc. ("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 10% Senior Second Secured Notes due
  2010 of Graphics, agreed to vote in
  favor of the chapter 11 plan, subject to the terms and conditions of the
  Restructuring Agreement.
  2
  In addition to agreeing to support the pre-packaged chapter 11
  plan of reorganization, subject to terms and conditions of the Restructuring
  Agreement, the above mentioned noteholders also agreed to forbear from
  exercising remedies related to the nonpayment of interest on the Notes.
  On May 27,
  2008, as a result of its entry into the Restructuring Agreement, the Company
  elected not to make the interest payment on June 1, 2008 under the February 2003
  Senior Subordinated Notes and on June 15, 2008 under the 2002 Senior Notes
  (together, the "New Missed Payments"), both of which will constitute a default
  under the Credit Agreement, and could result in an event of servicer
  termination and a termination event under the Funding Agreement.
  Pursuant
  to the Second Amendment to Forbearance Agreement (the "Second Amendment"), dated
  as of May 27, 2008, the Lenders agreed to forbear from exercising (i) their
  right to not make any additional advances or incur any additional letter of
  credit obligations under the Credit Agreement, and (ii) certain of their
  rights and remedies against the Company that may exist as a result of the
  Company's failure to make the interest payment on June 1, 2008 under the February 2003
  Senior Subordinated Notes and on June 15, 2008 under the 2002 Senior Notes,
  in addition to the interest payment due on April 1, 2008 under the Second
  Lien Notes. The agreement to forbear as per the Second Amendment will remain in
  effect until the earliest to occur of (i) July 16, 2008, (ii) the
  failure of the Company to satisfy certain borrowing availability conditions
  under the Credit Agreement or (iii) the occurrence of certain other events
  described in the Second Amendment as "Forbearance Defaults", which include the
  occurrence of further defaults or events of default under the terms of the
  Credit Agreement and any breach or default under the Merger Agreement or the
  Restructuring Agreement, among others (the "New Forbearance Period").
  In
  connection therewith, pursuant to the First Amendment to Forbearance Agreement
  (the "Amendment to the Receivables Forbearance"), dated as of May 27,
  2008, the A/R Lenders and the Agent agreed to forbear from exercising (i) their
  right to not make any additional advances under the Funding Agreement, and (ii) certain
  of their rights and remedies that may exist as a result of the Company's
  failure to make the interest payment on June 1, 2008 under the Senior
  Subordinated Notes and on June 15, 2008 under the Senior Notes, in
  addition to the interest payment due on April 1, 2008 under the Second
  Lien Notes. The agreement to forbear as per the Amendment to the Receivables
  Forbearance will remain in effect until the earliest to occur of (i) July 16,
  2008, (ii) the termination of the New Forbearance Period, and (iii) the
  occurrence of certain other events described in the Amendment to the
  Receivables Forbearance as "Forbearance Termination Events", which include the
  occurrence of further termination events under the terms of the Funding Agreement
  and any breach or default under the Merger Agreement or the Restructuring
  Agreement, among others.
  3
  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:
  BARRY
    C. KOHN
  Name: Barry
    C. Kohn
  Title:  Chief
    Financial Officer
  Date:  June 2, 2008
  4