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Danka to Place Canon Digital Machines at Staples, Deal Exceeds $100 Million

Press release from the issuing company

ST. PETERSBURG, Fla.--Oct. 24, 2001--Danka Business Systems PLC today announced a strategic partnership with Staples, Inc., the leading retailer of office supplies, business services and technology. Under a 36-month agreement between the companies, Danka will install and service the newest Canon digital full-color and black-and-white multifunctional printers in 1,100 existing and planned Staples stores nationwide. The company expects to generate sales and service revenues of more than $100 million over the term of the agreement. The Canon equipment will be digitally connected throughout the Staples, U.S. store network, and represents the first step in Staples' offering nationwide digital printing services to all US customers, regardless of their locale. Brian Merriman, Danka President and Chief Operating Officer said, "We are extremely proud and happy to partner with Staples and Canon in this digital program. Once again, Danka was chosen because of its outstanding nationwide servicing and digital network capabilities. Danka can easily accomplish the required integration between the new equipment and Staples' infrastructure.'' Merriman added, "The strategic relationship between Staples, Danka and Canon will enable Staples to position itself as the technology leader in their marketplace.'' "We are truly looking forward to working with Danka in servicing the needs of Staples, who we believe, with our combined solutions, will offer outstanding digital document services,'' said Tod Pike, Senior Vice President of Marketing, Canon U.S.A. Imaging Group. "This account win is a testament to our ongoing success in penetrating the Print On Demand marketplace.'' Over the last several years, Danka has developed a strong foundation for supporting digital platforms with its Digital Solutions Center, specialized "hands on'' digital training programs for field sales and technical support staffs, and 24x7 customer support centers.

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