More Information from httprint on New CEO Marc Fors

Press release from the issuing company

SAN FRANCISCO, CA, February 24, 2003 – (WTT reported this on Thursday. This is the press release with more information.) Respected 25-year printing industry executive Marc B. Fors, has been named president and CEO of httprint, a leading provider of e-procurement, management and sourcing solutions for major corporate purchasers of print. Now in its seventh year, the company was cited last year by Inc Magazine as one of America's fastest growing private companies. Mr. Fors comes to httprint with a record of achievement that includes piloting major printing enterprises to the billion-dollar performance strata, and leading several significant multi-plant turnarounds in the industry. Mr. Fors succeeds Mark Porter who will serve as chairman of the board. Commenting on Mr. Fors' appointment, Savio Tung, senior partner at Investcorp said, "Marc's experience brings a tremendous new executive leadership dimension to httprint. It's exactly what we want at this stage of httprint's development to ramp up our drive for continued strong growth and expansion into new markets. He has the vision and ideas you need to stay ahead in e-business and certainly the well proven ability to evaluate and implement the best of them." Looking ahead, Mr. Fors noted, "The last decade has seen tremendous changes in the print industry impacted by digital and web technologies. httprint has been on the firing line of those changes with unsurpassed software solutions for effective corporate print management on a global scale. I'm delighted to be at the helm of this exciting company. It’s a great combination – deep print experience combined with robust software, all focused on the corporate buyer of print. Because of that combination, we stand apart and above our competitors who are either pure software players or have their roots in supplier-focused products.” Mr. Fors launched his career as a printing industry executive and consultant in 1975 as a corporate internal auditor with R.R. Donnelley in Chicago. He quickly moved into sales and, over his 11 years with the company, advanced through several key sales executive posts, rising to vice president, magazine sales in New York. In 1986 he was recruited as executive vice president to a newly formed company with an aggressive acquisition agenda, Maxwell Graphics Inc., based in Greenwich, Connecticut. He directed the integration and operation of the sales and administration functions for 18 production facilities, rapidly building and training a sales organization that delivered a business volume topping $750 million, most in profitable, long-term contracts to major publishers and retailers. Following the sale and consolidation of Maxwell operations to Canada-based Quebecor Printing in 1989, Mr. Fors was named president of Quebecor Printing Sales Inc. He was promoted to Chief Operating Officer of Quebecor Printing (USA), assuming operational responsibility for all U.S. manufacturing and sales activities of 26 facilities and $950 million in revenue at that time. Following completion of Quebecor's IPO, in 1992, he left to become a partner in The Collins Group, a Boston-based private investment firm. In 1993, he joined Group Transcontinental Ltd., leading the Canadian company's expansion into the U.S. market with the acquisition and turnaround of American Signature Graphics, a flagging $300 million printer of high-quality magazines and catalogs. As president and CEO of American Signature and its four facilities, he stabilized the company, brought it to profitability and implemented a strategy that positioned it to produce maximum shareholder value when he successfully concluded its sale to Quebecor Printing, Inc. in 1997. Mr. Fors was recruited in 1998 by American Business Products of Atlanta as CEO of BookCrafters Inc. to turn around and divest an under-performing book printing and distribution subsidiary in Ann Arbor, Michigan. In three months, he stemmed the losses and completed an operational turnaround of three facilities. Interest in the company led to the purchase by The Sheridan Group/Fleet Capital in May 1999. Following the acquisition, Sheridan retained Mr. Fors as CEO to form a new company in combination with their existing Braum-Brumfield book facilities. In his two years in that post, Sheridan Books earnings rose by $9 million and the company has emerged as one of the largest short-run distributors in the country.