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iPrint: Optimistic For Turning Cash Flow Positive by Q3

Friday, June 14, 2002

Press release from the issuing company

Company Continues to Restructure and Aggressively Reduce Costs SANTA CLARA, Calif., June 13, 2002-- iPrint Technologies, inc., a leading provider of online and offline marketing and customized branding solutions, today announced that it will release Q2 2002 financial results after market close on Tuesday, August 13, 2002. iPrint's analyst conference call is scheduled for later that day at 2:30 p.m. PDT. The Company also confirmed that it continues to cut costs and restructure with the goal of becoming cash flow positive in Q3 2002. During the call, Monte Wood, iPrint's President and Chief Executive Officer, and David Seltzer, the Company's Chief Financial Officer, will provide information on iPrint's Q2 2002 financial performance, along with a detailed update on the company's cost-cutting and restructuring achievements. "Although we continue to consider opportunities to outsource elements of our business that may enhance productivity, our immediate cost reductions are no longer dependent upon these considerations. Our primary focus is on aggressively reducing costs across the board, in areas such as workforce, real estate leases, and professional services," said Monte Wood, CEO of iPrint Technologies, inc. "Assuming we can maintain our revenues and gross margin, we remain optimistic about turning the Company cash flow positive in Q3."

 

 

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