SANTA CLARA, Calif., June 19, 2002 (PRIMEZONE) -- iPrint Technologies, inc. (Nasdaq:IPRT), a leading supplier of online and offline marketing and customized branding solutions, announced today that its subsidiary, Wood Associates, has formed a strategic alliance with Australia-based Hannebery Carroll Promotions Agency, a leading promotional products firm. This agreement provides iPrint with sales, distribution and customer service capabilities throughout Australia and New Zealand, and potentially new revenue opportunities in the United States.
"We believe this global expansion will have a positive impact on our revenues," said Gary Parkhurst, Executive Vice President of Sales for iPrint Technologies, inc. "Our relationship with Hannebery Carroll will also ensure that clients in Australia and New Zealand receive prompt customer support and distribution. We hope to do the same for their clients in the United States."
This agreement is the second international alliance Wood Associates has forged. In January 2001, iPrint's subsidiary teamed with England-based Incentive Group to service companies in England, Europe, Africa, and the Middle East.
"We're teaming with Wood and iPrint because of the significant business opportunities they bring to our organization," said Matt Hannebery, Director, Hannebery Carroll. "We anticipate a reciprocal relationship whereby iPrint can assist with managing and servicing our clients which have United States divisions."
Hannebery Carroll will assist iPrint with its proprietary, online Stores and in selling promotional merchandise via traditional channels in Australia and New Zealand. These online Stores enable clients' employees, and in some cases their distributors and customers, to log onto custom Web sites to order from an assortment of custom-branded promotional products via an online catalog format. Branded items can include items such as logo'ed apparel and caps, watches, golf accessories, and travel/sports bags.
"Companies such as Hannebery Carroll and Incentive Group are teaming up with iPrint because we offer them state-of-the-art technology, proven to streamline and automate the online sales and distribution of promotional items and printed goods," added Parkhurst.
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, Microsoft, OfficeMax, Oracle, 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 Hannebery Carroll Promotions Agency
Hannebery Carroll Promotions specializes in providing Marketing and Promotional solutions to Australia's leading companies including Phillip Morris, Detroit Diesel, Hertz Australia, Dunlop & Goodyear Tyre Company, ANZ Bank, Shell, DMG, Toll Holdings and Carter Holt Harvey.
The company is at the forefront of innovative, fresh promotional concepts. Our sole purpose is to enhance our client's reputation, be it image, product, service or brand through the provision of effective, creative and measurable solutions.
The core competencies of Promotional Merchandise, Promotional Staffing and Event Management deliver a full loop marketing package and, as such, large corporations are embracing this offering.
Hannebery Carroll assists organizations by reducing costs in their marketing expenditure by suggesting more cost-effective ways of implementing promotional strategies. The strong focus on IT allows organizations to streamline their procurement process, reduce inventories and access more complete management reporting information.
The backend management systems allow Hannebery Carroll to effectively implement their creative solutions and provide their client base with a competitive edge.
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 Hannebery Carroll Promotions Agency, as well as the technological capabilities of iPrint and specific benefits expected to be produced by the business relationship. Actual results could differ materially from those stated or implied in the company's forward-looking statements because of risks and uncertainties associated with iPrint's business as well as contractual conditions and other contingencies which govern the business relationship with Hannebery Carroll Promotions Agency. These include, but are not limited to, customer order levels, technological difficulties or resource constraints, risks associated with Web-based products and services, 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 Securities and Exchange Commission filings, including its most recent Forms 10-K, 10-Q and proxy, available for viewing on its Web site http://www.iPrintTech.com. (To access this information, click on "Investor Relations," "SEC Filings.")