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Vanguard, owner of HighWater Designs and Printware, Buys Xitron

Thursday, March 15, 2007

Press release from the issuing company

St. Paul, Minnesota and Ann Arbor, Michigan – March 14, 2007 – Xitron, Inc., the prepress industry's leading independent developer and integrator of Raster Image Processors, RIP management software and workflow solutions today announced that it has been acquired by Vanguard Graphics International. Xitron was previously a part of the Agfa Graphics group of Agfa-Gevaert NV headquartered in Mortsel, Belgium. Vanguard Graphics International (“VGI”) is a privately held holding company specializing in acquiring and managing graphic arts companies that serve small to medium sized printers. VGI also owns Printware, LLC of St. Paul, Minnesota, a leading provider of innovative pre-press solutions focused on computer-to-plate systems; and HighWater Designs Limited of Cheltenham, England, a company well known for its line of reliable, high performance RIP’s and metal platesetters. Xitron joins VGI as a wholly owned, independently operated subsidiary. Stanley Goldberg, President & CEO of VGI stated, “The acquisition of Xitron, along with our other portfolio companies, enhances our position as providers of ‘best of class’ solutions that our affiliates and customers can utilize to help them operate more efficiently and effectively.” Goldberg further noted, “Xitron’s expertise in workflow, coupled with their recent entry into the short run digital press market, reflects a strong complement to the technology, products and solutions offered by other VGI companies.” Jim Thrush, President of Xitron commented, “Our ability to bring more products to market as a result of being a part of the Vanguard group will be just one of the many positive aspects of this combination. Interestingly, Xitron has been working with HighWater Designs for many years sharing selected technology to help meet the needs of our respective markets. Now, as a part of VGI, we can further enhance our focus on the technological changes and challenges faced by our customers.” Vanguard Graphics International is headquartered at 2935 Waters Rd, Suite 160, St Paul, MN 55121. About Vanguard Graphics International Vanguard Graphics International Vanguard Graphics International (VGI) is a privately held holding company specializing in acquiring and managing graphic arts companies. It was established to acquire and consolidate a best of class group of companies to serve the small to medium sized printer. Today, VGI consists of three operating companies, Printware, LLC of St. Paul, Minnesota, a leading provider of innovative pre-press solutions focused on computer-to-plate systems; HighWater Designs Limited of Cheltenham, England, well known for their line of high performance and reliable RIPs and metal platesetters; and Xitron, Inc. the leading provider of RIPs and workflow solutions to the small and mid-size printer. About Xitron Xitron manufactures productive, flexible workflow systems and interfaces designed to drive the pre-press industry’s most popular new output devices as well as its legacy systems, prolonging their life and protecting customers’ investments. Xitron’s Navigator RIP, Raster Blaster TIFF Catcher, and Xenith Workflow solutions are recognized as pre-press standards. Built around core technology from Global Graphics and Adobe Systems, Xitron engineers continue to develop stable, yet flexible solutions for the graphic arts market, driving over 250 different models of imagesetters, proofers, platesetters, and digital presses. For more information about Xitron, our products, OEM opportunities, or becoming a Xitron dealer, visit us at www.xitron.com. About Printware Printware, LLC engineers, manufactures and markets computer-to-plate platesetters that produce cut-to-size, punched and press-ready printing plates primarily for commercial printers and small format print manufacturers. Printware also provides its customers with complete workflow solutions, equipment service, technical support and a full line of platesetters and plate materials sold under its PlateStream®, SilverStream® and VioletStream™ brands. For more information about Printware, visit www.printwarellc.com. About HighWater Designs HighWater Designs develops, manufactures and markets digital integration and creative imaging products for the electronic publishing and related graphic arts industries. Established in the UK in 1987, the growth and success reflects the quality and integrity of its products. Today, HighWater has a comprehensive worldwide distributor network. The company cultivates an open, team based culture with a fresh, imaginative and professional, solution driven work ethic. For more information about HighWater Designs, visit www.highwater.co.uk.




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