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Wood Leverages iPrint Technical Solutions

Press release from the issuing company

MENLO PARK, Calif., Oct. 8, 2001 -- iPrint Technologies, Inc., the leading online printing technology and infrastructure provider, today announced that it has signed a Strategic Development Agreement with prospective merger partner, Wood Associates, one of the leading suppliers of custom imprinted promotional items and marketing programs to the Fortune 1000. The agreement provides that the two companies can begin integrating technology platforms while awaiting shareholder approval of the merger transaction. "This lets both companies benefit from immediate cost-savings and streamlined operations,'' stated Royal P. Farros, chairman and CEO of iPrint Technologies, Inc. "Technology is obviously an important area for collaboration given the complementary nature of our two businesses.''

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