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Multi-Color Corporation Announces Results for Third Quarter of Fiscal 2006

CINCINNATI, Jan. 20 /PRNewswire-FirstCall via COMTEX News Network/ -- Multi-Color Corporation (Nasdaq: LABL)

announced today that its Board of Directors declared the Company's quarterly cash dividend for the fourth quarter of

fiscal 2006.  The dividend is a payment of five cents per common share, payable March 1, 2006, to shareholders of

record at the close of business on February 15, 2006.

About Multi-Color ( http://www.multicolorcorp.com )

Cincinnati, Ohio based Multi-Color Corporation is a premier supplier of decorative label solutions and packaging 
services to consumer product and food and beverage companies, retailers and container manufacturers. Our customers 
include many of the world's largest manufacturers of household, fabric and personal care, automotive and lawn care, 
and food and beverage products representing many of the world's most well known and respected brands. We currently 
provide products and services to more than 650 customers in the United States (U.S.), Canada, Mexico, Central and 
South America.

Safe Harbor Statement

The Company believes certain statements contained in this release that are not historical facts constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by
the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements
to differ materially from those expressed or implied. Any forward-looking statement speaks only as of the date made. The
Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the
date on which they are made.

Statements concerning expected financial performance, on-going business strategies, and possible future actions which
the Company intends to pursue in order to achieve strategic objectives constitute forward-looking information.
Implementation of these strategies and the achievement of such financial performance are each subject to numerous
conditions, uncertainties and risk factors. Factors which could cause actual performance by the Company to differ
materially from these forward-looking statements include, without limitation, factors discussed in conjunction with a
forward-looking statement; changes in general economic and business conditions; the ability to successfully integrate
acquisitions; the success and financial condition of the Company's significant customers; competition; acceptance of
new product offerings; changes in business strategy or plans; quality of management; the Company's ability to maintain
an effective system of internal control; availability, terms and development of capital; cost and price changes; availability
of raw materials; business abilities and judgment of personnel; changes in, or the failure to comply with, government
regulations, legal proceedings and developments, and other factors. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Multi-Color Corporation

Dawn H. Bertsche, Senior Vice President-Finance and Chief Financial Officer of Multi-Color 
Corporation, +1-513-345-1108
http://www.prnewswire.com

Complete Packaging Solutions

Multi-Color is a leading U.S. manufacturer of specialty packaging solutions for major global consumer-product companies for liquid detergents and laundry-care products, household cleaners, juices, and health and beauty aids. It sells its products in the United States, Canada, Mexico, Central and South America.