CARLSTADT, NJ – February 26, 2001 – Lawrence Herbert, chairman and chief executive officer of Pantone, Inc., the global authority on color and provider of professional color standards for the graphics, fashion, interior and industrial design industries, today announced that Richard Herbert, former executive vice president, has been promoted to president and chief operating officer. Richard will now control Pantone’s operational units and be responsible for leading the company into new markets. Lawrence Herbert founded Pantone in 1963 with the creation of the PANTONE MATCHING SYSTEM®, the universal color language that revolutionized the printing industry and has since been extended to additional color-critical industries including digital technology, textiles and plastics. He will continue to oversee the long-term direction of the company. “Pantone is expanding Lawrence Herbert’s vision to new markets and new media,” explained Richard Herbert, Pantone’s new president. “By developing innovative solutions that complement and broaden our traditional product lines – such as the ground-breaking multi-channel retail solutions created by PANTONE TheRightColor digital technology – we are extending our color language to the consumer and ensuring Pantone’s continued leadership in the world of color.”