Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Charles Strauzer - CJS Securities.
Charles Strauzer - CJS Securities
A couple of quick questions; if you could give me a little bit more granularity first of all on CapEx. I believe you are calling for a 25% increase in CapEx year-over-year in your guidance. A little bit more granularity on what that spend will entail and then secondly, Lee, maybe you can give us a little bit more on the puts and takes in the banking industry given that you’ve had Goldman and Morgan become banks. You’ve got a lo0t of moving pieces with acquisitions and disposal of different things to other banks; kind of where you see kind of the year shaking out with potential new RFPs there.
Lee Schram
Yes, let me start Charlie with the CapEx. We are planning to spend more clearly from the $32 million, the $40 million and I think the way to think about it is, as Rick said in his prepared comments, really the focus is on, with all the initiatives that we got going right now to get an improved cost structure, yes; but also improved processes. We just decided it is best right now for us to get a lot of those initiatives out of the way now and actually accelerate them and that’s the work that we did in the fourth quarter.
So with that Charlie, comes a little bit more in CapEx spending and again I know it’s not allowed what you see out there, but we believe this is a really prudent move for us to get after this now and get some of the things in our manufacturing with our flat packaging done at a faster pace; a little bit more of a shift to digital printing that we think is going to help us in the long term.
Then also we made some moves to get a little more ambitious about getting our deluxe.com and our Shop Deluxe e-commerce moving at even a brisker pace. So I think when you add all of those, those are really the core things and then we’re investing organically. We want to keep investing smartly in this tough economy and that’s kind of the net of the additional spend.
On the banking, this is very interesting what’s happening out there right now; and what we’re trying to do first and foremost is lock in those big national deals and we’re really proud of the fact that we’ve got a great sales team out there that’s been able to do that already for the 2009 period.
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