SANTA CLARA, Calif, April 8, 2002 (PRIMEZONE) -- iPrint Technologies, Inc. (Nasdaq:IPRT), a leading provider of online and offline marketing and customized branding solutions, today announced the Company will exceed Q1 2002 revenue guidance of $10.7 million and expects to report that losses for the quarter have been reduced by almost half as compared to Q4 2001. The Company also reported that it is continuing to cut costs and, while there can be no assurance of success, it is actively pursuing sources of additional financing.
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 imprinting technology to the Fortune 1000. With a network of 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 about 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 results for the first quarter of 2002 and plans and expectations about securing additional financing to address the company's liquidity issues. 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, including without limitation the ability of the combined company to increase its customer base and leverage that base to generate revenue, and the status of iPrint's Nasdaq listing. 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 Form 10-K, and its S-4 Registration Statement and proxy filed in connection with the merger, all available for viewing on its Web site http://www.iPrintTech.com.