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Enovation Graphics Systems, Inc. ("Enovation"), a subsidiary of Fuji Photo Film USA Inc. (" Fuji ") was founded in 2001 and is headquartered in Valhalla, New York . Enovation distributes photographic equipment and supplies to the printing and publishing industry through 56 facilities located throughout the U.S. The Company provides electronic imaging products, electronic prepress equipment, post-press and finishing equipment, consumables and hardware for offset lithography and flexography, and professional 35mm films and papers.
In connection with financial reporting requirements under FASB 142, Fuji was required to periodically test the goodwill and intangible assets of Enovation for potential impairment.
Curtis Financial Group was engaged by Enovation to provide a valuation analysis in connection with these reporting requirements. |