Schawk, Inc. (NYSE: SGK), one of the world's leading providers of digital imaging graphic services to the consumer products and brand imaging markets, today filed its annual report on Form 10-K for fiscal 2007 with the Securities and Exchange Commission. As previously announced, the Company postponed the filing of its 2007 Form 10-K in order to complete the restatement of its financial statements for the fiscal years ended December 31, 2006 and 2005, as well as for each of the quarters ended March 31, June 30 and September 30, 2007 and 2006 and the fourth quarter ended December 31, 2006.

In connection with the completion of the restated financial statements, the Company determined that the income tax provision for the fourth quarter and full year ended December 31, 2007, as reported in the Company's year ended December 31, 2007, earnings press release on April 4, 2008, was overstated by $1.0 million, and the income tax provision for 2006 was understated by $1.0 million. The Company's 2007 Form 10-K as filed reflects an increase in 2007 net income and earnings per share and a decrease in 2006 net income and earnings per share from the amounts reported in its earnings release. The reported and corrected amounts of income taxes, net income and earnings per share are as follows:

2007 per earnings release                      4th Quarter       Full Year
                                              ------------     ------------
Income from continuing operations before
 income taxes                                 $     14,054     $     51,253
Income tax provision                                 7,273           21,672
Income from continuing operations                    6,781           29,581
Earnings per share from continuing operations,
 fully diluted                                $       0.24     $       1.07
2007 corrected                                 4th Quarter       Full Year
                                              ------------     ------------
Income from continuing operations before
 income taxes                                 $     14,057     $     51,256
Income tax provision                                 6,259           20,658
Income from continuing operations                    7,798           30,598
Earnings per share from continuing operations,
 fully diluted                                $       0.28     $       1.10
2006 restated per earnings release             4th Quarter       Full Year
                                              ------------     ------------
Income from continuing operations before
 income taxes                                 $     11,889     $     44,762
Income tax provision                                 5,440           17,813
Income from continuing operations                    6,449           26,949
Earnings per share from continuing operations,
 fully diluted                                $       0.24     $       0.98
2006 restated corrected                        4th Quarter       Full Year
                                              ------------     ------------
Income from continuing operations before
 income taxes                                 $     11,889     $     44,762
Income tax provision                                 6,440           18,813
Income from continuing operations                    5,449           25,949
Earnings per share from continuing operations,
 fully diluted                                $       0.20     $       0.95

The corrected effective tax rate for the fourth quarter and full year of 2007 was 44.5 percent and 40.3 percent, respectively. The corrected effective tax rate for the fourth quarter and full year of 2006 was 54.2 percent and 42.0 percent, respectively.

Enclosed with this press release are the final statements of operations for the years ended December 31, 2007 and 2006 as included in the Company's Form 10-K. Also enclosed are the final unaudited quarterly results for the fourth quarters ended December 31, 2007 and 2006.

As part of the Company's program to remediate internal control weaknesses that were reported in connection with its 2007 audit, the Company has hired consultants to oversee the remediation effort. The Company has also initiated the process to hire a new chief financial officer. The Company intends to provide updates quarterly as to its progress on improving its system of internal controls.

First quarter 2008 reporting to be delayed

Due to the delays in the reporting of the Company's fiscal 2007 financial results and the preparation of the fiscal 2007 Form 10-K, the Company expects that its first quarter 2008 results will be delayed beyond its normal expected due date, as the Company will require additional time to complete its preparation and internal review of the first quarter's financial statements, Form 10-Q and earnings release, as well as the quarterly review by the company's external audit firm. At this time, the Company cannot suggest a certain date for reporting its first quarter 2008 results.

About Schawk, Inc.

Schawk, Inc. is the leading provider of brand management services, enabling companies of all sizes to connect their brands with consumers to create deeper brand affinity. With a global footprint of more than 60 offices, Schawk helps companies create consistent and compelling brand experiences by providing integrated strategic, creative and implementation services across brand touch points. Founded in 1953, Schawk is trusted by many of the world's leading organizations to help them achieve global brand consistency. For more information about Schawk, visit http://www.schawk.com

Safe Harbor Statement

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended and are subject to the safe harbor created thereby. These statements are made based upon current expectations and beliefs that are subject to risk and uncertainty. Actual results might differ materially from those contained in the forward-looking statements because of factors, such as, among other things, unanticipated difficulties associated with additional accounting issues, if any, which may cause our investors to lose confidence in our reported financial information and may have a negative impact on the trading price of our stock; our ability to remedy known internal control deficiencies and weaknesses and the discovery of future control deficiencies or weaknesses, which may require substantial costs and resources to rectify; higher than expected costs, or unanticipated difficulties associated with, integrating the acquired operations; higher than expected costs associated with compliance with legal and regulatory requirements; the strength of the United States economy in general and specifically market conditions for the consumer products industry; the level of demand for Schawk's services; loss of key management and operational personnel; our ability to implement our growth strategy; the stability of state, federal and foreign tax laws; our continued ability to identify and exploit industry trends and exploit technological advances in the imaging industry; our ability to implement restructuring plans; the stability of political conditions in Asia and other foreign countries in which we have production capabilities; terrorist attacks and the U.S. response to such attacks; as well as other factors detailed in Schawk, Inc.'s filings with the Securities and Exchange Commission.

                               Schawk, Inc.
                  Consolidated Statements of Operations
              Three Months Ended December 31, 2007 and 2006
                                (Unaudited)
                   (In Thousands, Except Share Amounts)
                                                      2007         2006
                                                  -----------  -----------
                                                               (Restated)
Net sales                                         $   141,256  $   139,970
Cost of sales                                          91,682       92,001
Selling, general, and administrative expenses          33,483       35,190
Acquisition integration and restructuring
 expenses                                                  --        3,175
Reserve reversal from litigation settlement                --       (4,751)
                                                  -----------  -----------
Operating income                                       16,091       14,355
Other income (expense):
   Interest income                                        122          187
   Interest expense                                    (2,156)      (2,653)
                                                  -----------  -----------
                                                       (2,034)      (2,466)
                                                  -----------  -----------
Income from continuing operations before income
 taxes                                                 14,057       11,889
Income tax provision                                    6,259        6,440
                                                  -----------  -----------
Income from continuing operations                       7,798        5,449
Loss from discontinued operations, net of tax
 benefit of $479                                           --         (689)
                                                  -----------  -----------
Net income                                        $     7,798  $     4,760
                                                  ===========  ===========
Earnings per share:
   Basic:
      Income from continuing operations           $      0.29  $      0.21
      Loss from discontinued operations                    --  ($     0.03)
                                                  -----------  -----------
      Net income per common share                 $      0.29  $      0.18
                                                  ===========  ===========
   Diluted:
      Income from continuing operations           $      0.28  $      0.20
      Loss from discontinued operations                    --  ($     0.03)
                                                  -----------  -----------
      Net income per common share                 $      0.28  $      0.17
                                                  ===========  ===========
Weighted average number of common and common
 equivalent shares outstanding:
   - Basic                                             26,987       26,504
   - Diluted                                           27,745       27,421
Dividends per common share                        $    0.0325  $    0.0325
                               Schawk, Inc.
                  Consolidated Statements of Operations
                  Year Ended December 31, 2007 and 2006
                   (In Thousands, Except Share Amounts)
                                                      2007         2006
                                                  -----------  -----------
                                                               (Restated)
Net sales                                         $   544,409  $   546,118
Cost of sales                                         352,015      356,149
Selling, general, and administrative expenses         132,221      137,995
Acquisition integration and restructuring
 expenses                                                  --        3,933
Reserve reversal from litigation settlements               --       (6,871)
                                                  -----------  -----------
Operating income                                       60,173       54,912
Other income (expense):
   Interest income                                        297          467
   Interest expense                                    (9,214)     (10,617)
                                                  -----------  -----------
                                                       (8,917)     (10,150)
                                                  -----------  -----------
Income from continuing operations before income
 taxes                                                 51,256       44,762
Income tax provision                                   20,658       18,813
                                                  -----------  -----------
Income from continuing operations                      30,598       25,949
Loss from discontinued operations, net of tax
 Benefit of $851                                           --       (1,332)
                                                  -----------  -----------
Net income                                        $    30,598  $    24,617
                                                  ===========  ===========
Earnings per share:
   Basic:
      Income from continuing operations           $      1.14  $      0.98
      Loss from discontinued operations                    --        (0.05)
                                                  -----------  -----------
      Net income per common share                 $      1.14  $      0.93
                                                  ===========  ===========
   Diluted:
      Income from continuing operations           $      1.10  $      0.95
      Loss from discontinued operations                    --        (0.05)
                                                  -----------  -----------
      Net income per common share                 $      1.10  $      0.90
                                                  ===========  ===========
Weighted average number of common and Common
 equivalent shares outstanding:
   - Basic                                             26,869       26,393
   - Diluted                                           27,701       27,395
Dividends per common share                        $      0.13  $      0.13

AT SCHAWK, INC.:
James J. Patterson
Sr. VP and CFO
(847) 827-9494
jpatterson@schawk.com
AT DRESNER CORPORATE SERVICES:
Philip Kranz
312-780-7240
pkranz@dresnerco.com