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printCafe Achieves Operating Profitability

Tuesday, October 30, 2001

Press release from the issuing company

PITTSBURGH, PA (October 30, 2001) - printCafe(TM), the operating system for print(TM), announced today that the company achieved operating, or EBITDA, profitability in the third quarter. This represents the company's seventh consecutive quarter of revenue growth as well as a 50% increase in revenue as compared to Q3 2000. Highlights for the quarter include enterprise software sales to six Fortune 1000 companies including General Motors (NYSE:GM) and the Bristol-Myers Squibb Company, as well as 140 new contracts with printer customers worldwide. Founded in early 2000, printCafe is a leading developer of supply chain management software for the printing and publishing industries. The company provides print management systems for publication, commercial, and print-on-demand printers, and also provides custom-branded and configured Web sites for the Internet-based procurement of print by the Fortune 1000. "We are very excited to report our continued success, and a very significant milestone in our growth," said Marc Olin, chief executive officer and president of printCafe. "Sales of our print management systems and Internet-based products for the printing industry continue to grow in this challenging economy. We're finding that our solutions are appealing to both Fortune 1000 and printing companies as their strategic initiatives to reduce costs and increase operating efficiencies take hold." printCafe also announced today that it is combining its two Pittsburgh locations into one newly renovated, 23,000 square-foot headquarters in Pittsburgh's Strip District. The new facility will house the company's 125 Pittsburgh-based employees. printCafe has nearly 400 employees in nine locations throughout the United States and Europe.

 

 

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