According to investors and sources close to the company, PrintNation.com has named a new CEO, Robert Locke. Robert Locke, according to one source, has extensive background in the print industry. Tony and Freddie Seba, founders of PrintNation.com, will take 'less' roles within the company. The management change comes just weeks after the company announced minor layoffs to "become lean and mean for a longer fight in this business category." The source said major changes are ahead for PrintNation.com with investors disappointed in top line growth within the company. Another source within the company said the web site will change over the coming months as the company evaluates the best way to continue serving it's customers. At press time, we were unable to reach Mr. Locke, Tony Seba or Freddie Seba. Investors from Partech International and US Venture Partners were unavailable for comment. A spokesman from Venrock Associates referred questions to Mr. Locke. We were unable to reach Lehman Brothers Venture Partners who lead the second round, $25 million funding in April 2000. The company was established in 1998 and landed nearly $6 million in first round funding in October of 1999. Over the last two years, the company has inked deals with Unisource, Print Image, Sir Speedy, PIP, Signal Graphics, Xante, Xitron and Yahoo. In April of this year, PrintNation.com announced $25 million in second round funding. In the press release, the company stated, "Currently, the company's customer base and revenues are each increasing 50 to 100 percent each month." Two months ago, the company announced three regional warehouses in Atlanta, Chicago and Windsor, Connecticut. According to the company, "PrintNation.com has 3000 customers with more than 140,000 products strong, PrintNation is also the home of the industry's first outlet store, featuring closeouts, overstocks and discontinued items. Other time- and money-saving benefits of PrintNation include used equipment auctions, 24/7 live customer service, instant financing, industry news and product research tools."