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Wallace Places 79th on InformationWeek 500 List

Thursday, October 18, 2001

Press release from the issuing company

LISLE, Ill.--Oct. 17, 2001--Wallace earned a top position on the InformationWeek 500 list for the third consecutive year. Wallace ranked 79 overall on the 13th annual InformationWeek 500 list, which ran in the Sept. 17, 2001 issue of the magazine. The list recognizes the nation's most inventive users of information technology. Three gold citations and one silver in the determining categories propelled Wallace to the top five in the list's Consulting and Business Services category, and helped it rise significantly on the list from last year's overall ranking of 151. Wallace is also the highest ranking print management company on the list. Regarded as the technology industry's annual report card, the InformationWeek 500 ranking is the most detailed source of industry-specific IT data. Research gathered in-depth information directly from companies about how they approach and prioritize their IT investments. This research is considered critical to companies seeking to benchmark themselves against their vertical industry peers. The entire list is available on InformationWeek's Website at http://www.informationweek.com/855/rank.htm. InformationWeek's feature story on Wallace is also available on-line at http://www.informationweek.com/story/IWK20010914S0023. "Winning this recognition and our notable improvement in ranking on the list demonstrate Wallace's success in utilizing Internet technology to develop customer-oriented business solutions,'' said Ken O'Brien, Wallace's Chief Information Officer. "Wallace's greatest technological strength is our ability to build applications that enhance our customers' business processes.'' The InformationWeek 500 survey revealed that the top 500 technology users are spending a smaller portion of overall revenue on IT and reviewing their spending plans more frequently. They are also remaining aggressive on key IT initiatives to hold their edge. "In a down market, staying competitive is critical, and there's a delicate balance between opportunistic investments and prudent spending,'' said Rusty Weston, Editor of InformationWeek Research. "The findings of the 2001 InformationWeek 500 reinforce past results that early adoption of new technologies is essential to an organization's success.'' "Wallace understands that focused investments in IT are critical to maintaining our competitive advantage,'' said David Jones, Wallace Chairman and CEO. "We intend to continue those investments in order to uphold our technology leadership in our industry.'' Last year, InformationWeek featured the first annual Innovation 100 list, a more specialized effort showcasing business innovation in 24 vertical industries in which Wallace ranked 36 overall.




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