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alfaQuest Technologies acquires Parascan Technologies

Press release from the issuing company

Rolling Meadows, IL October 21, 2003 - alfaQuest Technologies, Inc./IPA Systems announce that they have joined forces with Parascan Technologies Limited to offer complete pre-press workflow systems for the newspaper and contract printing industry. alfaQuest/IPA has acquired Parascan Technologies as part of their continued growth and commitment to the newspaper industry. Parascan Technologies was one of the first companies to concentrate on automation of pre-press workflows for the newspaper industry. As a result, Parascan's solutions are being used today by over 150 of the leading Newspaper groups worldwide. alfaQuest's extensive product line-up will be strengthened by the additional functionality of Parascan's technology. It is well recognized that the transition to automated digital pre-press workflow is a complex process and that the requirements are different for each newspaper printer. "The complimentary product offerings of alfaQuest and Parascan now provide today's progressive newspaper operations with a single source system supplier for Consolidated Production Management," said Dennis Nierman, President of alfaQuest Technologies, "and we look forward to welcoming many of the Parascan users into the alfaQuest family of satisfied customers." Parascan's systems will now be integrated into the alfaQuest family of products, to offer complete turnkey integrated solutions, that encompass remote transmission systems, pre-press CTP workflow, press integration and production management. Parascan now becomes a member of the International Publishing Associates Group and Affiliated companies, which include alfa Media Partner GmbH, Scangraphic Prepress Technology GmbH, PrePress Solutions, Inc. and alfaQuest Technologies, Inc.