Menlo Park, CA - iPrint (NASDAQ: IPRT), the leading online print shop and print infrastructure provider located at http://www.iPrint.com, today announced record revenues for the third fiscal quarter of 2000 of $5.0 million, an increase of 393% from the same period last year. Pro-forma net loss for the third quarter was $6.9 million, or a loss of $0.23 per share, compared with a pro-forma net loss of $9.1 million, or $0.30 per share, in the second quarter of 2000. On a comparable basis, the pro-forma net loss for the quarter beat the First Call consensus estimate of a loss of $0.31 per share by $0.08, or almost 26%. Pro-forma net loss and pro-forma net loss per share excludes non-cash compensation charges. Excluding depreciation and amortization of warrant and deferred compensation expenses, the pro-forma net loss was $6.3 million or a loss of $0.21 per share, compared with a pro-forma net loss of $8.4 million or $0.28 per share in the second quarter of 2000. "In a very challenging environment, iPrint showed solid growth across the board," said Royal P. Farros, Chairman and CEO of iPrint. "Our focus is on profitability, and we're particularly pleased with our significantly improved gross margin, dramatically reduced spending, and our favorable EPS performance. With our emphasis on seeking higher quality revenues, we're pleased that we recorded sequential revenue growth quarter-to-quarter and believe we're making the necessary strides toward our goal of achieving profitability by as early as late 2001." Cash, short-term investments, and short-term restricted cash totaled $32.2 million as of September 30, 2000, compared to $39.2 million as of June 30, 2000. As of September 30, 2000, there were approximately 30.0 million shares of common stock outstanding. "iPrint continues to be the clear leader in the e-printing category as measured by traffic and orders. Equally important, we continue to lead the e-printing market with innovative technology, most recently demonstrated with the launch of our patent-pending XML CommerceConnect(TM) technology, a first in the industry, allowing a completely seamless print buying experience with our partner sites," added Farros. "We continue to have the broadest and deepest technology offering in the e-printing space."