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iPrint Regains Compliance With Nasdaq Minimum Public Float Requirement

Monday, July 16, 2001

Press release from the issuing company

MENLO PARK, Calif.---July 13, 2001--iPrint Technologies, inc., the leading online printing technology and infrastructure provider, today reported that on July 9, 2001, the company received a letter from Nasdaq indicating the company's public float had exceeded $5 million for 10 consecutive trading days, thus bringing iPrint into compliance with this listing criterion. iPrint will still meet with the Nasdaq Listing Qualifications Panel on July 26th to address the $1 minimum bid per share listing criterion and potential reverse merger issues related to its intended merger with Wood Associates. As such, iPrint has rescheduled its Q2 2001 earnings conference call to Monday, July 30th at 2:30 p.m. (PDT) and may comment in the call on its presentation at the hearing. iPrint's stock will continue to be traded on the Nasdaq National Market pending the final decision by the Listing Qualifications Panel.




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