Copyright 2002 Xeikon America, Inc

PUNCH INTERNATIONAL NV ACQUIRES THE ACTIVITIES OF XEIKON AMERICA

Direct Sales and Service Model to Continue Under Agreement

Wood Dale, IL (April 9, 2002) - Punch International NV of Belgium announced today that it has acquired the activities of Xeikon America, Inc. The agreement follows Punch’s acquisition of Xeikon NV’s digital color printing assets in Belgium announced on March 7, 2002. Xeikon America will continue its initiative launched in September 2001 to service and sell directly to end users in North America.

“There are tremendous opportunities in North America for digital color printing and, with its industry knowledge and experience, Xeikon America is the ideal channel to rapidly expand these markets,” says Guido Dumarey, CEO of Punch. “The acquisition of Xeikon America is vital to our worldwide goal of securing market leadership in production digital color printing.”

“The acquisition by Punch shows great confidence in Xeikon America’s expertise in selling and supporting digital printing systems,” says Paul Peyrebrune, President and CEO of Xeikon America. “We look forward to continuing to grow the well established Xeikon America user base.”

Punch International and Xeikon America will present their new strategy and business plan for North America at an On Demand Press Conference. The Press Conference will be held on Tuesday April 23, 2002 at 11 AM at the On Demand Show in New York City at the Jacob Javits Center.

 

 

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