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Kinko's to Extend Subsequent Offering Period to ImageX Shareholders

Tuesday, April 22, 2003

Press release from the issuing company

DALLAS, April 21 -- Kinko's, Inc., today announced that it will extend the subsequent offering period for its tender offer to purchase all of the outstanding shares of common stock of ImageX, at a price of $.512 per share. The subsequent offering period, which began at 12:01 a.m., New York City time, on Thursday, April 10, 2003, is now set to expire at 12:00 midnight, New York City time, on Wednesday, April 30, 2003. During the extended subsequent offering period, outstanding shares of ImageX will be accepted and promptly paid for as they are tendered. The same price paid during the initial offering, $.512 per share, is extended through the subsequent offering period. Shares that are tendered during the subsequent offering period may not be withdrawn. To tender shares during the subsequent offering period, ImageX stockholders should use the letter of transmittal that was previously sent to ImageX stockholders. Additional copies of the letter of transmittal and related documents may be obtained from Mellon Investor Services LLC, the depositary and information agent for the offer, at (888) 867-6003. Any remaining publicly held shares after the subsequent offering period will be acquired for $.512 per share in a subsequent second-step merger transaction upon satisfaction or waiver of the conditions to the merger under the merger agreement, including stockholder approval of the merger agreement if required by applicable law. As a result of the purchase of shares by Kinko's in the tender offer, Kinko's has sufficient voting power to approve the merger without the vote of any other holder of shares. In addition, if Kinko's acquires 90 percent or more of the outstanding shares pursuant to the tender offer (including during the subsequent offering period), then the merger would be completed without a vote of shareholders, in accordance with applicable law.

 

 

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