SANTA CLARA, Calif., Aug. 1, 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 Canada-based Merit Impressions, a leading distributor of promotional advertising products. This agreement provides iPrint with sales, distribution and customer service capabilities throughout Canada, and potentially new revenue opportunities in the United States.
"We're very pleased about establishing our third global alliance," said Gary Parkhurst, Executive Vice President of Sales and Marketing for iPrint Technologies, inc. "These relationships enable us to provide our global clients with the best service possible, while potentially increasing our business opportunities in the United States."
In January 2001, iPrint's subsidiary teamed with England-based Incentive Group to service companies in England, Europe, Africa, and the Middle East. Also, in June 2002, Wood announced its relationship with Hannebery Carroll, a firm that services Australia and New Zealand.
"We're teaming with Wood and iPrint because of their state-of-the-art technology, proven to streamline and automate the online sales and distribution of promotional items and printed goods," said Peter Saunders, President of Merit Impressions. "We anticipate this relationship will bring us significant new business opportunities."
Merit Impressions will assist iPrint with its proprietary, online Stores and in selling promotional merchandise via traditional channels in Canada. 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.
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 Merit Impressions
Merit Impressions is a Canadian-based distributor of promotional advertising products. The Company assists companies, large or small, in the creation and improvement of their corporate image by providing innovative ideas and the right promotional advertising products to meet their needs. They also play a significant role in supporting employee motivation through the development and management of employee recognition programs. Merit Impressions has been voted 'Distributor of the Year' by the members of the Promotional Products Association of Canada for 5 consecutive years. For additional information about the company and it services, please visit http://www.meritimpressions.com.
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 and revenue opportunities with Merit Impressions, as well as the technological capabilities of iPrint and 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 Merit Impressions. 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.")