ST. PAUL, Minn., Printware, Inc. (Nasdaq: PRTW) announced that it has reached an agreement with Thomas W. Petschauer, the Company's Executive Vice President and Chief Financial Officer, for Mr. Petschauer to resign effective January 30, 2001. President and Chief Executive Officer Daniel A. Baker, Ph.D. commented, "All of us at Printware appreciate Tom's many contributions to Printware since its founding. We wish him well; he will be missed." The Company plans to accrue and charge to operations an amount approximately equal to the payment which would have been due Mr. Petschauer under his change in control severance agreement to cover anticipated severance payments to Mr. Petschauer. Printware, Inc. designs, builds, and markets "computer-to-plate" systems, which are used by the printing industry to create printing plates directly from computers or the Internet. Computer-to-plate systems replace the traditional platemaking process of typesetting, proofing, paste-up, camera work, and processing film.