Reston, VA (May 14, 2008) – NPES The Association for Suppliers of Printing, Publishing and Converting Technologies, together with the Printing Industries of America/Graphic Arts Technical Foundation (PIA/GATF), will present a special webinar, "Making the Most of the 2008 Economic Stimulus Act," on Wednesday, May 21, at 3:00 p.m. EDT. The webinar will show why and how graphic communications companies that purchase new equipment in 2008, vs. 2009, can derive huge savings based on the Economic Stimulus Act of 2008 (ESA), signed into law earlier this year.

The ESA provides 50 percent bonus first-year depreciation on new equipment purchased after December 31, 2007, and placed in service during calendar year 2008. It also nearly doubles to $250,000 the amount of any capital investment that can be expensed in tax years beginning in 2008. The webinar will explain how participants can apply these allowances to their specific investment decisions. It will also demonstrate for them how to calculate the potential savings from making an equipment investment in 2008 rather than in 2009.

"The Economic Stimulus Act of 2008 provides huge incentives for investment in printing, publishing and converting equipment, but because large capital equipment-such as that often installed in our industry-requires more lead time for engineering and installation, early action will be critical in order to take advantage of these tax savings," says Ralph Nappi, NPES president. "This webinar is intended to provide guidance for both industry suppliers and their customers on how to proactively take advantage of the ESA, rather than letting this tremendous opportunity slip away."

The webinar registration is $99 for NPES and PIA/GATF members, and $199 for non-members. To register, phone: (800) 910-4283, or download a registration form from: www.npes.org/government/RegFormWebinar52108.pdf, to complete and fax to: (412) 741-2311.

For more information, contact NPES Government Affairs Director Mark J. Nuzzaco at phone: (703) 264-7235 or e-mail: [email protected].