SANTA CLARA, Calif., Jan. 9, 2002 (PRIMEZONE) -- iPrint Technologies, inc. (Nasdaq:IPRT), a leading supplier of online and offline marketing and branding solutions, today announced that is has transitioned Wood Associates' online corporate stores to iPrint's technology platform. iPrint's scalable technology enables clients to manage and control the procurement of branded promotional items and custom-printed business stationery while reducing costs and improving ROI.
"This technology transfer provides our customers immediate flexibility and enhanced functionality while giving our company better control over cost and delivery of systems," said Monte Wood, President and CEO of iPrint. "This combination gives us a significant competitive advantage in the marketplace."
Recently converted programs include those for customers such as BP, Bayliner, Charles Schwab, Compaq, and the U.S. Ski & Snowboard Association.
"We're extremely proud that our technology team was able to deploy the transition within 60 days of the merger," said Letty Swank, Executive Vice President, e-Commerce Solutions for iPrint. "Our technology enables our customers to enjoy the benefit of managing online procurement of both branded promotional items and custom-printed business stationery on a single platform."
About iPrint Technologies, inc.
iPrint Technologies, inc. (Nasdaq:IPRT), created by a merger between iPrint and Wood Associates, is a leader in providing promotional branding solutions and technology to the Fortune 1000. With a network of 19 offices nationwide, iPrint works with over 200 world-class organizations such as BP, Charles Schwab, Compaq, Microsoft, OfficeMax, Oracle, and PeopleSoft, as well as servicing over one million small business customers. iPrint's technology and solutions improve the way businesses buy custom imprinting and corporate printing. iPrint can integrate into e-procurement platforms, streamlining the cost of ordering professional printing and promotional merchandise and improving the overall ROI of e-procurement efforts. iPrint's technology also powers the award-winning Web site, iPrint.com, which offers SOHO customers convenience and significant cost savings on professionally printed products. The company has been distinguished with the Inc./Cisco Technology Award, an "Innovation in Print" award by CAP Ventures, and named the #15 top eBusiness by InformationWeek. For information on corporate services, please visit http://www.iPrintTech.com.
(Sources: PC Data Online, Top Monthly E-Tailers Reports and Top Monthly Sites Reports; CAP Ventures, Research; BizRate.com, Customer Certified Ratings; Keynote.com, 2000.)
iPrint is a registered trademark of iPrint Technologies, inc. Other marks are property of their respective owners.
This press release contains "forward looking statements" (as that phrase is used in Section 21E of the Securities Exchange Act of 1934) related to plans and expectations about iPrint's combination with Wood Associates and the anticipated benefits, as well as the capabilities of the iPrint technology and the success of the platform conversion for specific customers of the company. Actual results could differ materially from those stated or implied in the company's forward-looking statements because of risks and uncertainties associated with our business and the combination, including without limitation the ability of the two companies to successfully integrate their managements and operations, the success of the combined company increasing its customer base and leveraging that base to generate revenue, and the status of iPrint's Nasdaq listing. These include, but are not limited to, customer order levels, technological difficulties or resource constraints, risks associated with Web-based products and services and risks related to the post combination restructuring actions by the Company. In addition, iPrint's forward-looking statements should be considered in the context of other risk factors discussed in its Securities and Exchange Commission filings, including its most recent Forms 10-Q and 10-K, available for viewing on its Web site http://www.iPrintTech.com. (To access this information, click on "Investor Relations," "SEC Filings.")