BEDFORD, MA, February 21, 2002 – PGI (Polaroid Graphics Imaging LLC) has signed a dealer distribution agreement with xpedx, a division of International Paper, and a market leader in the distribution of graphic imaging prepress equipment and supplies to the printing and packaging industries. xpedx is now a national distributor of PGI's family of advanced digital halftone proofing systems, including the fully automatic Prediction system and the PolaProof Imager Gold systems. Under terms of the agreement, xpedx will also distribute all consumables for PGI's proofing and other systems. PGI products will be available through the 120 xpedx distribution centers across North America, and through xpedx.com, a comprehensive e-commerce website providing on-line order capability with 24/7 access. Dr. David W. McCarthy, Vice President and General Manager of PGI, stated, "We're very excited about the new xpedx distribution agreement and the potential it represents for us. With the extensive distribution resources of xpedx now an important part of our marketing capability, PGI is now better positioned than ever to increase our penetration of the growing high-quality digital proofing sectors of the printing and packaging markets. For our expanding base of Prediction and PolaProof customers, the tremendous xpedx distribution facilities mean even faster delivery of our ink sheets and other system consumables." According to Don Harvey, Director of Marketing-Graphic Imaging for xpedx, "Adding the Prediction and PolaProof Digital Halftone Proofing Systems to our portfolio will significantly expand our best-in-class product offering. The PGI proofing line seamlessly integrates into the leading CTP systems and workflows we currently provide. Furthermore, it enables us to enhance our position as a total solutions provider. This represents an important key to the implementation of our strategy to become the leading digital imaging supplier to the graphic arts industry." PGI's highly successful, superior-quality proofing product family includes the Prediction Automatic Digital Halftone Proofing System, the PolaProof 2230 Imager Gold and the PolaProof 1420 Imager Gold Digital Halftone Proofing Systems. The easy-to-use 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. Their wide selection of industry standard color sets includes metallics, spot colors, opaque white – and the only six-color Hexachrome ink set. Prediction and PolaProof are the highest quality proofing standards in the digital halftone proofing market. About xpedx Headquartered in Covington, Ky., xpedx is a customer-driven distributor of printing paper, packaging supplies and equipment, facility supplies and graphic imaging pre-press equipment and supplies. With approximately $6.5 billion in annual sales, xpedx delivers customer solutions through nearly 100 wholesale distribution centers and 160 stores serving retail customers and small printers. The xpedx market focus is retail, commercial printing, on-demand printing, heavy manufacturing, the automotive industry, high-tech manufacturing, publishing, and national accounts. Additionally, xpedx has introduced on-line solutions through its eBusiness site, xpedx.com. About PGI (Polaroid Graphics Imaging LLC) Now in its 15th year, PGI (Polaroid Graphics Imaging LLC) is an independent company and a recognized leader in advanced digital halftone proofing technology. From its headquarters in Bedford, Massachusetts, the company is focused solely on developing, manufacturing and marketing digital halftone proofing solutions. PGI's easy-to-use Prediction and PolaProof systems employ unique, patented Laser Ablation Transfer (LAT) technology to provide the industry's highest quality, accurate and consistent digital halftone proofs with the most color sets, including Hexachrome and opaque white. PGI's proofing systems easily integrate into the workflows of many graphics industry leaders. Committed to the industry's future, PGI has an ongoing program to enhance the capabilities of its current family of digital halftone proofing systems as it explores new tracks for product development. Additional information about PGI is available at www.polaroidgraphics.com.