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Toof Commercial Printing and U. K. Based Flexeprint, Ltd. Announce Joint Venture

Press release from the issuing company

MEMPHIS, Tenn--May 4, 2005-- Toof Commercial Printing today announced it has initiated a joint venture with Flexeprint, Ltd., an Internet-based print management and print procurement company headquartered in Nottingham, England to supply the North American market. Toof and Flexeprint's launch customer in North America is West Palm Beach based SIGN*A*RAMA, the world's largest retail sign franchisor with over 500 franchisees across the US and Canada. Ian Rubin, Flexeprint's managing director, said "We are delighted to have launched our total print solution in the United States. Flexeprint launched in the United Kingdom some 18 months ago and is establishing itself as a major supplier in the franchise and multi-location business market. SIGN*A*RAMA, a customer in the U.K., asked us to bring our service to their United States counterpart. We are already in discussion with a number of other multi-site businesses in the USA and we are enormously excited by the potential. Key to the success of the Flexeprint business in any market, but particularly in the U.S., is distribution, and it was FedEx that initially brought us to Memphis. In Toof Commercial Printing we have found a print partner which can provide us the quality print product and the service level that our customers demand." Stillman McFadden, president of Toof Commercial Printing commented, "Our partnership with Flexeprint gives Toof Commercial Printing access to customers throughout the United States. As a printer, we have looked at Internet-based procurement solutions. The Flexeprint software is the most customer-friendly we have seen, and the whole approach Flexeprint takes in providing a complete print solution is what customers are looking for, from generic to customized pieces." McFadden also said that the joint venture will accelerate Toof's plans to grow its logistics business, but declined to say whether it would be through internal expansion or a possible acquisition. "Both of those options are viable solutions, and in either case we are looking at expanding our plant and personnel," he added.