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Its Official: Sevador Acquires Webprint Technology, Ivor Durham Named CTO

Press release from the issuing company

Servador to Extend Auction and Outsourcing Services Business with Webprint Acquisition New York, NY (April 24, 2002) -- Servador, Inc., the leader in online private auction technology and services for the commercial printing market, today announced that it has acquired the Webprint technology and will retain its core software development team. Webprint develops market leading Internet Printing technology, products and solutions that improve how companies create, submit and manage print jobs using centralized web services and Adobe PDF. “In an era of supply-chain automation and just-in-time manufacturing, commercial printing is still a time-consuming, costly and fragmented process for most large companies,” says Doug Evans, CEO of Servador. “The Webprint technology enables Servador to move into the next generation of Internet printing products and services, and to bring new levels of productivity, cost savings and flexibility to our customers. The acquisition logically extends our existing online auction and print outsourcing businesses, allowing Servador to further web-enable the entire print process for our Fortune 1000 customers.” The Webprint team, lead by Dr. Ivor Durham, Ph.D., considered one of the industry’s leading engineers and systems architects, will become CTO of Servador. Prior to developing the Webprint technology, Mr. Durham spent twelve years at Adobe Systems as a Computer Scientist, Director of Internet Printing and a principal architect of Adobe’s Display PostScript and its software RIP technology (Configurable PostScript Interpreter, CPSI). “Servador’s focus on optimizing the print procurement process for the high-end commercial printing market, fits perfectly with Webprint’s focus on solutions and on developing a scalable web services product platform,” says Ivor Durham, CTO, Servador. “The Webprint technology has been designed to move from handling simple business document and kitting services, to managing increasingly complex graphic arts documents and PDF workflow. With Servador, we bring a technology and solutions focus, and the ability to provide customers with a single, easy-to-use solution for managing and purchasing a broad range of digital and commercially printed products.” For more information about Servador, please visit www.servador.com. About Servador Incorporated Servador is an enterprise software and procurement service provider based in New York City. Servador’s market leading private online auction and Internet printing technologies streamline and reduce the cost of creating and purchasing printed products. Partnering with Fortune 1000 customers, Servador provides innovative products, real-world expertise and integrated solutions for a corporation’s entire print value chain. With headquarters in New York City, Servador maintains product development offices in Silicon Valley, and regional sales offices in the Mid Atlantic and Boston areas. Founded in 1999, Servador is a privately-held company.