ACOM Introduces MICR-Enhanced Xerox Phaser 5400 Laser Printer; High Performance Unit Can Switch Between MICR Checks and General Office Printing.

Business Editors & High-Tech Writers

LONG BEACH, Calif.--(BUSINESS WIRE)--March 20, 2002

ACOM Solutions, Inc., selected by Xerox to MICR-enhance the corporation's Phaser black-and-white laser printers for MICR laser checks and other sensitive financial documents and instruments, has now completed the MICR-enhancement engineering for Xerox' advanced Phaser(R) 5400 printer and will begin shipping the Xerox Phaser 5400 MICR-Enhanced Laser Printer Solution from ACOM this month; it was announced by Gregory T. Church, vice president of marketing, communications and product management.

"The Phaser 5400 combines the superior speed, performance, resolution and paper handling characteristics of big departmental printers with the affordability of workgroup, or network models," Church said. "It is powered by a 266 MHz processor and features standard 32 MB of memory, print speed of 40 pages per minute, nine-second first-page-out time, 1200 x 1200 dpi resolution and a duty cycle of 200,000 pages per month. We believe that it outperforms other printers in its class in all of the areas important to ACOM's customers."

According to Church, the Xerox Phaser 5400 MICR-Enhanced Laser Printer Solution from ACOM is an ideal, affordable dedicated solution for companies with relatively high check volumes as well as for companies that want a unit that can perform both MICR and conventional printing tasks.

ACOM's enhancements include toner sensors that prevent MICR check printing unless MICR toner is installed; a three-position keylock switch (MICR On, MICR Off, Printer Off); customized MICR font and toner engineered specifically for use with the Phaser 5400, and an external PCMCIA card reader for secure storage and use of sensitive corporate information such as MICR fonts, signatures, and corporate identity elements. Insertion of the card into the reader downloads the information to printer memory and removal automatically erases the information from memory.

The MICR-enhanced solution is available in two models: Model One is for dedicated MICR-only assignments; Model Two, with the keylock switch, enables users to alternate between modes and to change functions simply by turning the key and changing out the toner cartridges.

Network-ready, the MICR-enhanced Phaser 5400 is standard with 10/100Base-TX Ethernet, USB and bi-directional parallel connectivity. It supports a variety of paper feed and output options, providing extended flexibility to check processing environments. The unit features standard 500-sheet input and output trays, with a 1,000-sheet output stacker available as an option. Input options include a duplex unit for automatic two-sided printing, one or two 500-sheet feeders and a high capacity 2,000-sheet feeder. Secure, password-protected hard disk drive options are also available.

Base configuration price of the Xerox Phaser 5400 MICR-Enhanced Laser Printer Solution from ACOM, Model One is $4,796; Model Two, $5,295, F.O.B Long Beach, with immediate delivery.

About ACOM Solutions

A pioneer in the application of MICR laser payment processing technology in business, ACOM Solutions, Inc. is a leading developer and marketer of document, payment and EDI/XML data interchange management solutions. The company's solutions integrate with enterprise applications such as ERP and CRM to enhance back office and B2B processes for electronic, Internet and paper-based commerce. ACOM offers solutions in the Microsoft Windows and the IBM iSeries (AS/400) environments, including hardware, software, professional services, supplies, and maintenance contracts, as well as the company's 30-day Total Satisfaction Guarantee. Through its Financial Documents Division, the company provides check and financial document production solutions for banks and credit unions. Contact ACOM Solutions at 2850 E. 29th Street, Long Beach CA 90806; telephone [phone]; fax [phone]; e-mail [e-mail]; Web: www.acom.com.