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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: wbASSETt who wrote (9911)	6/28/1999 12:46:00 PM
From: interesting man	Read Replies (1) \| Respond to of 108040

(BSNS WIRE) Sedona Systems See Acquisition of Print Data Corp. to Close Sedona Systems See Acquisition of Print Data Corp. to Close Ahead of Schedule In August Business Editors/Hi-Tech Writers PHOENIX--(BUSINESS WIRE)--June 28, 1999-- 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 as well. "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 sell securities. 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. --30--KMK/ph* CONTACT: Sedona Systems Corporation, Phoenix Norman E. Clarke, 602/391-1027 KEYWORD: ARIZONA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MERGERS/ACQ INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *