(RASTER-GRAPHICS-2)(RGFX) Raster Graphics Announces Acquisition of Datagraph; Adds Direct Distribution Capability in Major European Market
Business Editors & Computer Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 20, 1997--Raster
Graphics, Inc. (NASDAQ:RGFX), a leader in large-format, on-demand
digital printing systems and software, announced the completion of
its acquisition of Datagraph.
Datagraph is a distributor in France of large-format digital
imaging systems. Datagraph has a well-established customer base,
which has been developed over their ten years in the large-format
digital printing and plotting market. Their customers include over
250 resellers and integrators, as well as end users such as
reprographic and copy shops, silkscreen printers, photo labs,
advertising agencies, architects and surveyors, retail stores, and
public schools and universities. Approximately sixty percent of
Datagraph's business is derived from the graphic arts segment of the
large format digital printing (LFDP) market -- the segment estimated
by IT Strategies to offer the potential for the fastest growth
in the overall LFDP market.
"We are very pleased to have Datagraph as part of the Raster
Graphics family," said Rak Kumar, Raster Graphics' President and
CEO. "Their established presence in a major international market
and seasoned industry experience provide Raster Graphics with an
important strategic addition to our global direct distribution
channels."
The acquisition, completed on Sept. 30, 1997, was effected in a
cash transaction and will be accounted for as a purchase.
Raster Graphics, Inc. designs, manufactures and markets
large-format color printing systems for the on-demand, large-format
color digital printing market. Its customers include graphic arts
service bureaus, photo labs, screen printers, exhibit and sign
companies, and in-house graphics services. The Company offers
customers complete large-format color printing solutions including
its Digital ColorStation(TM) 5442 production electrostatic digital
press; the PiezoPrint(TM) 5000 and PiezoPrint 1000 production inkjet
printers; PosterShop(TM) image processing software; PiezoPrint
Finale finishing laminator; and related consumable products such as
inks, varnish, papers and films. Headquartered in San Jose, Raster
Graphics can be reached at 408/232-4000, by fax at 408/232-4100, or
via the Internet at rgi.com .
Certain of the matters discussed in this press release are
forward-looking statements, the accuracy of which is necessarily
subject to risks and uncertainties. Actual results may differ
materially from the statements made due to a variety of factors, but
not limited to (i) expense of the acquisition being greater or lesser
than expected, (ii) risks associated with international operations,
(iii) unforseen delays in the distribution of the Company's products,
and (iv) other risk factors described in the Company's Form 10-K for
the year ended Dec. 31, 1996, as filed with the Securities and
Exchange Commission (SEC), and in the Company's other SEC filings
including the Form 10-Q for the quarter ended June 30, 1997.
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CONTACT: Raster Graphics, Inc.
Janice Mahoney, 408/232-4067 |
