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Polaroid Graphics Imaging Reaffirms Independence from Troubled Polaroid

Press release from the issuing company

BEDFORD, MA, October 12, 2001 - Polaroid Graphics Imaging LLC (PGI), an industry leader in advanced automatic digital halftone proofing systems, today released a letter distributed earlier to PGI dealers and customers, reaffirming its status as a strong, independent business entity well positioned to continue serving the graphic arts marketplace with its line of outstanding high-quality proofing products. In the letter, Anthony P. Crupi, Chairman and Chief Executive Officer of the company, reiterated that PGILLC has been operating as an independent entity since 1999 when the Graphics Imaging Division operations were acquired from Polaroid Corporation. Mr. Crupi points out that while operating as an independent company, PGI currently uses the trademark name "Polaroid" under license in its entity name and in association with its proofing products to provide continuity in name recognition of the high-quality products marketed by PGI. PGI's highly successful product line includes the Prediction Automatic Digital Halftone Proofing System and the PolaProof 2230 and PolaProof 1420 Imager Gold Digital Halftone Proofing Systems. The systems deliver high-resolution, realistic proofs that match the actual press sheet with unparalleled accuracy. The systems use patented Laser Ablation Transfer (LAT) technology to transfer pigmented printing inks by directly imaging or transferring to actual printing stocks. With its ease of use and wide selection of industry standard color sets including metallics, spot colors and opaque white, the Prediction and PolaProof are the quality proofing standards in the digital halftone proofing market.