News out...
(COMTEX) B: Sedona Systems See Acquisition of Print Data Corp. to Clo
B: Sedona Systems See Acquisition of Print Data Corp. to Close Ahead of
Schedule In August
PHOENIX, Jun 28, 1999 (BUSINESS WIRE via COMTEX) --
Acquisition will generate earning in the fourth quarter; Provides
Important Marketing Alliance for Launch of REPRINT.COM
Sedona Systems Corporation (OTC Bulletin Board:CJMT) announced today
that the acquisition of Print Data Corp., a leading distributor of
business forms, commercial printing, computer supplies and services
worldwide, is going better than expected and will close early in
August.
The companies have outlined an aggressive expansion plan for Print Data
Corp, and will in the process, gain an important marketing alliance for
Sedona Systems' upcoming launch of REPRINT.COM.
Sedona Systems announced last month that REPRINT.COM, a new
international overnight document delivery service that utilizes the
instant mass distribution capabilities of the Internet and the latest
Internet technologies, will be available ahead of schedule on or before
September 1st, 1999. The service provides a faster and more reliable
way to send documents overseas.
Customers simply transmit their documents via the Internet, to a
worldwide network of professional printing facilities for output and
delivery in four hours or less. The site is already accepting letters
of interest from companies that wish to become part of the global
network. Corporate and individual customers may subscribe for future
use of the service aswell.
"This acquisition is key for a faster rollout of our services. We have
many possibilities to expand the Print Data Corp. Division to the west
coast." said Norm Clarke, vice president of Sedona Systems. "The
acquisition of Print Data Corp. will extend that network and add a
substantial customer base of primarily Fortune 500 customers."
The REPRINT.COM network makes it possible to deliver full-color or
black- and-white documents with professional print quality to any of
268 major cities across the globe. Users simply log on to the
REPRINT.COM site and with just a few keystrokes their documents are
transmitted instantaneously to their chosen destinations for immediate
delivery.
Sedona Systems is eager to move forward with the acquisition and the
worldwide launch of REPRINT.COM. The goal is to make this service,
which is becoming increasingly more important in our global economy,
available to the millions of people who currently use international
couriers and would delight in a faster, more efficient system.
The opening of the REPRINT.COM web site is the first step in the
company achieving this goal. The acquisition of Print Data Corp. is a
powerful follow-up.
With over 4.8 million in revenues and a customer base comprised of
primarily Fortune 500 companies, Print Data Corp. is in the top ten
percent of all distributors within its industry. The company has
locations in New Jersey and Delaware and has further expansion plans
for 1999.
Founded in 1992 and based in Phoenix, Sedona Systems (www.sedona.com)
provides innovative printing solutions to Windows and Macintosh users
who need to distribute and print their documents. With several patents
for new technologies and an ever-growing network of print centers
across the world, Sedona Systems is setting the standard in remote
electronic printing solutions.
Sedona Systems and REPRINT.COM are trademarks of Sedona Systems
Corporation. All rights reserved. Some of the product and company names
mentioned herein are for identification purposes and may be trademarks
or registered trademarks of their respective companies.
This press release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbors
created by those sections. These forward-looking statements include
statements related to potential mergers and the effect of those mergers
on the prospects of the company.
Actual results may differ materially due to a number of risks,
including the uncertainty of completion of the contemplated
transactions. This press release provides general information and
should not be construed as an offer to sellsecurities.
The material contained herein has been obtained from sources believed
to be reliable, but is not complete and its accuracy cannot be
guaranteed. This report is for informational purposes only and should
not be construed as advice or meet the investment needs of any
particular investor or designed to be the basis of any investment
decisions.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: Sedona Systems Corporation, Phoenix
Norman E. Clarke, 602/391-1027
WEB PAGE: businesswire.com
GEOGRAPHY: ARIZONA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
MERGERS/ACQ
INTERACTIVE/MULTIMEDIA/INTERNET
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