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Enovation Bids Farewell to Jim Mullan

Press release from the issuing company

VALHALLA, N.Y., April 2004 – Enovation Graphic Systems bid farewell to President & Vice Chairman Jim Mullan on March 31, marking his retirement and ending a 34-year career in the graphic arts. Mullan was named president of Enovation when the company was formed in October 2001 and has served as its vice chairman since April 2003. “I appreciate all of Jim’s efforts and congratulate him on all of his accomplishments. He has been a major contributor in the successful integration of all of the businesses that make up Enovation,” notes Steve Yoneda, former chairman and CEO of Enovation and current CEO of Fuji Photo Film U.S.A., Inc. “We are confident in the future of Enovation based on the infrastructure that Jim helped to establish.” Mullan began his career in 1970 when he joined former graphic arts dealer Phillips & Jacobs as an operations manager. Mullan became president of Phillips & Jacobs in 1982 and was able to bring the company to profitability in the second month of his appointment and the company remained robust every quarter for his entire tenure. When PrimeSource was formed in 1994 (after the merger of Phillips & Jacobs with Momentum Corporation), Mullan was elected president and, eventually, CEO and chairman of the board of what became the largest graphic arts distributor in the United States as well as the largest dealer of Fujifilm products in the world. Despite the demands of running a publicly traded company, PrimeSource continued to grow during Mullan’s time as president. With a strong interest in the betterment of the graphic arts distribution channel, Mullan became part of the team that formed the North American Graphic Arts Suppliers Association (NAGASA) in 1992 and served as the organization’s first chairman. NAGASA’s most prestigious award, The Mullan Award, is presented each year to an outstanding member of the organization. Mullan has been a leader outside of the graphic arts industry as well, working as a part-time business professor in the Master of Business Administration program at LaSalle University in Philadelphia, where he earned both his Bachelor of Arts and MBA degrees. In 1992, Mullan received the Outstanding Alumnae Achievement Award for his involvement in the school’s alumni program and currently sits on the school’s advisory board. Mullan is also a founding board member of the Pennsauken High School foundation, which grants scholarships to underprivileged schoolchildren, and often works as a fund-raiser for the Boy Scouts of America. With his retirement, Mullan plans to remain on LaSalle University’s advisory board and spend more time with his family, including his five children and 12 grandchildren.