ATLANTA, May 7, 2001 (PRIMEZONE) -- Color Imaging, Inc., a developer and manufacturer of digital printing products, announced today that Victor A. Hollander has joined its Board of Directors.
Hollander, a Certified Public Accountant, is experienced in SEC regulatory matters, securities, mergers and acquisitions and public stock offerings and has participated in over 20 Initial and Secondary Public Offerings since 1990. In addition, Hollander advises companies with regard to issues relating to private offerings, corporate reorganizations, acquisitions and other fund raising and regulatory matters. He is a partner in the Los Angeles accounting firm Good Swartz Brown & Berns, LLP, where he manages the firm's Securities Group.
Michael Brennan, Color Imaging's Chief Executive Officer, characterized Hollander, who has been associated with the Company since 1998, as "uniquely qualified to assist the Company in realizing it's many ambitions." "I am personally very grateful for Victor's contributions over the years to Color Imaging's success," Brennan said.
Hollander observed that he believes the Company has the opportunity to become a major factor in the print and press industry. "I am particularly honored that the members of the board have appreciated my contribution in the past and their desire to have me continue to assist in the development and growth of the Company."
Color Imaging develops and manufactures products used in electronic printing, analog and digital copiers and high-speed digital variable data printing in real-time directly on Web presses. Products include formulations for black text and specialty toners, including color and magnetic ink characters which are used on checks and other financial documents, photoreceptors and imaging drums. For the commercial printer, Color Imaging provides a complete printing system that, when installed directly on an offset printing press, expands printing capabilities to include any variable data together with bar codes, MICR, and unlimited alphanumeric sequencing. These functions for the Web press address the needs of commercial printers that require digital processing and printing of variable data at extremely high speeds.
Color Imaging, Inc. is headquartered at 4350 Peachtree Industrial Blvd., Norcross, GA 30071. The telephone number is 770/840-1090 and the Fax is 770/242-3494.
Safe Harbor Statement under the Private Securities Litigation Reform Act 1995: Information and announcements in this release involve Color Imaging's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and are forward-looking statements included in this release are based upon information available to Color Imaging as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to: dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; difficulties in assimilating companies previously acquired; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time in Color Imaging's filings with the SEC including the Form 10-KSB filed March 30, 2000.