ATLANTA, Jan. 29, 2002 (PRIMEZONE) -- Color Imaging, Inc. (OTCBB:CIMG), a leading manufacturer of high-quality laser printer and digital copier toners, has expanded its operations to increase its product offerings for the most popular digital copiers. The company is now offering highly competitive parts in addition to its existing toner products for Canon, Ricoh and Toshiba copiers.
"This was a logical expansion for Color Imaging based on our history, leadership and experience in manufacturing imaging products," said Charles Allison, Vice President of Sales and Marketing. "We've leveraged our extensive research and development capabilities and new manufacturing facilities to produce the highest quality digital products at a much lower cost and in a more efficient and timely manner. Those advantages will yield tangible benefits to our customers who, in fact, purchased over one million copier toner cartridges from us during 2001 with zero defects."
Allison noted that current market trends within the copier industry influenced the timing of the Company's decision to expand its commitment into the digital copier market.
"The switch from high-margin analog copier toners to lower-margin digital toners has adversely impacted aftermarket profit margins for distributors," he explained, "using digital copier consumables from Color Imaging will allow distributors to realize significantly higher margins and the new division will offer a full line of consumable products, including imaging drums and component parts -- as a one-stop shop."
"We have achieved the goal of product consistency in performance and versatility that matches those products supplied by the OEM at a much lower cost to the user," adds Allison.
In addition to its full line of digital copier consumables, the Company also provides private labeling for dealers, same-day shipping and toll-free customer support.
Color Imaging develops and manufactures consumable products used in laser printers, analog and digital copiers and supplies complete printing systems for commercial printers. Consumable products include black text, color and specialty toners, including MICR (magnetic ink characters that are printed on checks and other financial documents). A complete printing system that installs directly on existing offset presses is provided for the commercial printer. The system expands conventional offset printing capabilities to include the printing of unlimited computer-driven variable data, including images, bar codes, MICR, and alphanumeric sequences. These functions address the needs of the commercial printers for the digital processing and printing of variable data at extremely high speeds and eliminates all conventional prepress processes, such as the preparation of printing plates and mixing of inks.
Color Imaging, Inc. is headquartered at 4350 Peachtree Industrial Blvd., Norcross, GA. 30071. The telephone number is 800/783-1090 and the FAX is 770/242-3494. CIMG's web sites are www.colorimage-micr.com and www.digitalcolorpress.com
Safe Harbor Statement under the Private Securities Litigation Reform Act 1995: Information and announcements in this release involve Color Imaging's expectations, beliefs, hopes, plans, intentions or strategies regarding the future and forward-looking statements included in this release are based upon information available to Color Imaging as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; difficulties in assimilating companies previously acquired; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time in Color Imaging's filings with the SEC including the Form 10-KSB filed March 30, 2001.