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Creo Hosts Analysts, Shareholders at Manufacturing Facility

Press release from the issuing company

VANCOUVER, British Columbia--Feb. 27, 2003--Creo hosted financial analysts and Creo shareholders for a forum yesterday at the Vancouver-area manufacturing facility of the graphic arts supplier. Analysts and investors toured the facility where a broad range of products is manufactured, including the Trendsetter computer-to-plate thermal imaging devices and the new Veris proofers with Multi-Drop Array inkjet imaging. Chief executive officer Amos Michelson described Creo's remarkable growth from just over US$5 million in product sales in 1993, to US$539 million revenue and 25,000 customers, just 10 years later. Creo has installed over one-third of the computer-to-plate devices installed around the world. In the next months, Creo will install its 5,000th computer-to-plate device-about three times that of Creo's nearest competitor. Creo president Judi Hess was introduced for the first time with a new title. She was previously president, graphic arts. The Creo board of directors made the appointment last week as formal recognition of her role in overseeing Creo's worldwide operations. Creo co-founder and former president Dan Gelbart continues to focus on research and development as Creo's chief technology officer. The morning also included presentations by Mark Dance, CFO and COO; David Brown, corporate vice president, business strategy; Brad Palmer, corporate vice president, inkjet printing; and Philippe Favreau, corporate vice president, operations. Creo customers Hemlock Printers, Metropolitan Fine Printers, and Supreme Graphics also described the impact Creo technology has on their business and the growth of their companies.