SANTA CLARA, Calif., April 22, 2002 (PRIMEZONE) -- Wood Associates, an iPrint Technologies, inc. (Nasdaq:IPRT) company, today announced that it has been named a vendor of choice for promotional merchandise by GEAR for Sports(r), a major supplier of sportswear apparel to corporate America. This agreement enables Wood Associates to supply merchandise directly to GEAR for Sports' corporate customers. Terms of the agreement were not disclosed.
"GEAR for Sports has a great reputation, so we are very pleased to have been chosen as a preferred distributor," said Gary Parkhurst, Executive Vice President of Sales for iPrint Technologies, inc. "Their customers have come to expect a high level of customer service and quality, and, as always, we stand ready to deliver."
The new relationship will be initiated in a variety of ways including an "open house" in May 2002, which will bring Wood Associates' Northern California sales partners and GEAR for Sports representatives together with customers.
About Wood Associates and iPrint Technologies, inc.
iPrint Technologies, inc. (Nasdaq:IPRT), created by a merger between iPrint and Wood Associates, is a leader in providing online and offline marketing and customized branding solutions to the Fortune 1000. With a network of offices nationwide, iPrint works with over 200 world-class organizations such as BP, Charles Schwab, Compaq, DuPont, Kraft Foods, Microsoft, OfficeMax, Oracle, PeopleSoft, Sun Microsystems, Washington Mutual and Wyeth Pharmaceuticals, 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.)
About GEAR for Sports(r)
With a strong focus on quality and customer service, the company's product line of custom decorated merchandise includes apparel and accessories, all marketed under the GEAR For Sports(r) brand name. The company continues to enjoy success and growth in the college bookstore, resort, corporate, military and professional team markets. GEAR For Sports(r) is a proud licensee of both the USGA and The PGA. In addition to licensing agreements, GEAR For Sports(r) maintains a presence on The PGA Tour.
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 business relationship with GEAR for Sports(r). 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, as well as contractual conditions and other contingencies which govern the business relationship with GEAR for Sports(r). These include, but are not limited to, customer order levels, technological difficulties or resource constraints, risks related to the post-merger restructuring actions by iPrint and Wood Associates, and any discontinuance or modification of the business relationship. In addition, iPrint's forward-looking statements should be considered in the context of other risk factors discussed in its SEC filings, including its most recent Form 10-K, S-4 Registration Statement, and proxy, available for viewing on its Web site http://www.iPrintTech.com. (To access this information, click on "Investor Relations," "SEC Filings.")