Glen Falls, New York, USA, 28 June 2006 -- The Board of Directors of Finch, Pruyn & Co., Inc., acting in accordance with the interest of shareholders, has retained professional advisers to solicit and assist in evaluating offers to purchase its paper mill and associated manufacturing facilities in Glens Falls.

No decision to sell the facilities to any prospective buyer has been made. Business operations of the company continue as usual.

Customer demand for Finch, Pruyn's high-value, premium uncoated printing and
writing papers has rebounded this year. Orders for Finch, Pruyn's premium text and cover papers, especially its signature product, Finch Fine, are strong. Finch, Pruyn has successfully launched a new line of five digital paper products that has gained broad customer acceptance. The Company is on track to achieve improved financial results for 2006.

Finch, Pruyn values its strong relationship with its 850 employees and with the local unions that represent bargaining units of its employees, its customers coast to coast, its local and regional suppliers and vendors, and
the community. Should a decision be made to sell assets, Finch, Pruyn will make a timely announcement.