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Delphax Technologies Names Chief Financial Officer

Press release from the issuing company

MINNEAPOLIS, April 7 -- Delphax Technologies Inc. today announced the appointment of Gregory S. Furness as vice president, finance and chief financial officer. He has been serving as interim chief financial officer since December 2005. "Greg is a seasoned financial executive with more than 20 years of experience as chief financial officer at both public and privately held entrepreneurial companies," said Jay Herman, chairman and chief executive officer. "He brings to this position an exemplary combination of business judgment, professional skills and integrity, and we look forward to his continued contributions to Delphax." Prior to his service as interim CFO with Delphax, Furness was vice president, finance and CFO with Vital Images, Inc., a provider of advanced visualization and analysis software for physicians. Earlier, he served as CFO of CAMAX Manufacturing Technology, Inc., a Minneapolis-based provider of manufacturing software that was purchased by Structural Dynamics Research Corporation, and as CFO for Mizar Inc., a computer hardware company formerly based in St. Paul, Minn. Furness also held various audit positions with Deloitte and Touche. He is a certified public accountant and holds a masters degree in accounting from the University of North Dakota.

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