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GMG reports successful first half of 2004

Press release from the issuing company

Tuebingen (July 10, 2004) – GMG, developers and marketers of high-end color management and proofing solutions, announces that it enjoyed unprecedented revenues during the first half of 2004, fueled by a successful Drupa and expanded global sales and marketing efforts. June 2004 recorded the highest sales of any month in the history of the company. Year to date, GMG 2004 revenues are in excess of 50% more than the comparable period in 2003. Worldwide sales, growing rapidly, now represent the majority of total GMG sales. Many countries, such as the United Kingdom, France and Italy registered between 150% to 350% revenue growth. Very positive results in Spain, Asia, and the United States have demonstrated that GMG’s investments in these countries are reaping tangible rewards. GMG is currently in the process of building new branch offices in Spain and the United Kingdom and, in the past year, opened U.S. operations. “We are particularly delighted that most of our new installations – contributing to a total in excess of 4,000 – came from our core business color management software,” comments Robert Weihing, President and CEO of GMG. “Our Drupa performance was very encouraging, as contract-quality proofs from digital printers are in considerable demand. The GMG booth was constantly crowded and many orders were signed on the show floor.” At Drupa, GMG introduced a new line of products for proofing and color management, including ColorProof 04, the company’s latest release of its flagship color management software driving contract quality proofs from digital printers, and DotProof 04, able to generate contract quality halftone proofs, using the original bitmap data, to identify moirés before they appear on press. Several other new products were unveiled at Drupa, including GMG FlexoProof, which supports specific flexo file formats and contains a complete Pantone spot color library; GMG ProofControl, allowing instant proof quality verification; GMG InkOptimizer, automatically reducing chromatic colors, thus supporting ink savings of up to 25% on press while maintaining quality; and GMG CamFlow for optimizing, separating, and proofing RGB data.