To: Jim Bishop who wrote (38829 ) 3/23/2000 8:53:00 AM From: Spark Respond to of 150070
PAC on the TSE... Canadian Company Press Release PAC 2000-03-22 Printera Corporation : New Contracts Awarded TORONTO, ONTARIO--Printera Corporation (TSE:PAC) is pleased to announce that it has been awarded an additional agreement by Loblaws for approximately $1.5 million, thereby establishing Printera as the sole supplier of glue-applied labels for Loblaws, President's Choice and No Name products. In addition, Labatt Breweries has awarded the Company $1 million in new business, representing the initial purchase of labels for markets outside North America. Printera's wholly-owned Canadian subsidiary Aluglass Packaging, is currently sole supplier for all of Labatt's metalized and wet-strength paper label requirements in Canada. Several smaller new supply contracts have also been awarded to Aluglass over the past few weeks representing annualized revenues of $2 million. Furthermore, the Company is in advanced stages of negotiations on four very significant potential label supply contracts in the U.S., Brazil, and Mexico. Each individual agreement could increase annual revenues by 8 - 10%. The awarding of any one of the four would significantly improve the profitability of Printera's - Aluglass (U.S.) operations, as substantial production costs, other than materials are already being absorbed by existing business. Although the Company is quite confident in its proposals, there is no guarantee, as yet, that any of the contracts will be awarded to Printera. Further announcements will be made upon completion of negotiations. Printera Corporation is a Toronto-based company with operations in the premium quality label and packaging industries located in Canada and the United States. Printera combines high quality rotogravure and offset lithographic printing processes on various substrates with in-house high-speed digital prepress capabilities. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Printera Corporation Lou Elmaleh Chairman, President and Chief Executive Officer (416) 299-0805