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Nipson Reports Strong 2002 Results

Press release from the issuing company

Belfort, France – (March 24, 2003) – Nipson reports revenues of 32.4 million Euro after eight months of business of its operating companies in France and Germany and six month of activity of its operating companies in the United Kingdom and the United States in 2002. The developer and manufacturer of state-of-the-art high-speed digital black and white printing systems gained 5% operating profit. This growth resulted from strong demand globally for flexible and cost-effective digital printing for transactional, security, direct mail, label printing, and book-on-demand. At the take over in May 2002 Nipson doubled its international sales management team fueling significant sales of Nipson presses and groundbreaking applications worldwide. “Within eight months following the takeover, Nipson’s focus and commitment to the high speed production digital printing market have resulted in positive growth for our business globally,” says Nipson SAS’ President Marc Blanpain. “We have gained quarter after quarter growth both in equipment sales and in recurrent revenues. These are the best results for the operations in Belfort since they were established over a decade ago.” “The growth of Nipson is positive news for our customers who can expect to see further developments in technology and further enhancements in customer service,” says Alfons Buts, President of Nipson Digital Printing Systems B.V. “Moreover in the next 24 months we will continue reducing the total cost of ownership per page (TCOP) for our customers. These developments, on top of the range of higher margin application possibilities offered only by magnetography and cold flash fusing, will allow our expanding user base to grow their business and to increase their profitability. This is good news for Nipson, our customers and the entire digital printing industry.”