printChannel.com Sees Rebound Based on Strong IPEX Results

Press release from the issuing company

SAN FRANCISCO, CA, April 18, 2002-printChannel.com, the leading vendor of Web-based print procurement solutions, announced strong sales results from IPEX 2002 and projected rising demand for print e-commerce in Europe. "Based on the amount of business we signed at our IPEX stand, we believe that the cyclical downturn in the industry has passed its low point," stated Oliver Pflug, CEO of printChannel.com. "An increasing number of print suppliers are seeing the corporate demand for online e-commerce solutions rising, and are investing in solutions like printChannel to satisfy that demand." Pflug added: "We are the only e-commerce company in the market that was also at IPEX 98. The market has matured dramatically, especially in the context of digital print becoming a mainstream technology through companies like Heidelberg/ NexPress, HP Indigo and Xerox. Print suppliers are again investing in new solutions for their customers. printChannel.com is in an excellent position to capitalize on this increasing market demand." At IPEX, printChannel.com introduced its new print i/o' e-procurement platform to the UK market, in addition to the proven printChannel production system. Company officials indicated that the amount of new licenses signed exceeded US$100,000, and that they are expecting continued strong demand throughout the spring and into the summer.