TORONTO--(BUSINESS WIRE)--August 1, 1997--WARP 10 TECHNOLOGIES
INC. (NASDAQ: WARPF), (CDN: WARP) today announced the signing of a reseller agreement with Unisource Graphic Arts under which Unisource
Graphic Arts will serve as a non-exclusive representative of Warp10
in Canada. Unisource Graphic Arts will market and license Warp10
products to its customers in the printing, publishing and business
imaging industries. Unisource Graphic Arts is a division of
Unisource Worldwide, Inc. (NYSE: UWW), the largest marketer and
distributor of paper products and supply systems in North America
with over $7 billion in revenues in fiscal 1996.
In addition, Warp 10 announced today the signing of a reseller
agreement with The Publishing Group under which The Publishing Group
will serve as non-exclusive representative of Warp10 in the United
States. The Publishing Group will market and license Warp10 products
to its digital prepress customers. The Publishing Group is a
value-added reseller for such vendors as Apple Computers,
Hewlett-Packard, Compaq, Imation and Tektronix.
Warp10 has available System Accelerator, a software solution that
compresses images by up to 90%, thereby dramatically improving the
speed and volume of digital assets moving through a communications
network. In addition, the Company is developing WarpRes, an imaging
technology that reduces download time and storage requirements of
image files, and a digital asset management system that will allow
users to store, retrieve and view digital video, audio, images and
text files.
Commenting on the agreements, Marvin Igelman, President and Chief
Executive Officer, said, "With these reseller agreements, Warp 10
continues to expand its global distribution network. As distributors
to our target markets, the graphic arts, entertainment and multimedia
industries, both Unisource and The Publishing Group offer excellent
partnerships for Warp 10."
Warp 10 Technologies Inc. builds tools that enable an open
distributed trading environment for digital media assets. Such
tools, partnered with other vendor technologies, allows media asset
holders to maximize creative and financial gains.
Certain statements made herein that use the words "estimate"
"project" "intend" "expect" "believe" and similar expressions are
intended to identify forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks and
uncertainties which could cause the actual results, performance or
achievements of the Company to be materially different from those
which may be expressed or implied by such statements, including,
among others, changes in general economic and business conditions and
specifically, decline in demand to the Company's products, inability
to timely develop and introduce new technologies, products and
applications and loss of market share and pressure on prices
resulting from competition. For additional information regarding
these and other risks and uncertainties associated with the Company's
business, reference is made to the Company's reports filed from time
to time with the Securities and Exchange Commission.
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CONTACT: Ian Benoliel
WARP 10 Technologies Inc.
Chief Financial Officer
Tel: 800-303-WARP
Email: ian@warp10.com
Jody Burfening (ext. 106)
Lippert/Heilshorn & Assoc.
212-838-3777
Email: jody@lhai.com |
