Accent Color Sciences Receives Order From IBM for 15 Truecolor Systems.EAST HARTFORD East Hartford, urban town (1990 pop. 50,452), Hartford co., central Conn., on the Connecticut River opposite Hartford; settled c.1640, inc. 1783. East Hartford is a trucking and warehousing center, with bulk oil storage and distribution. , Conn.--(BUSINESS WIRE)--July 1, 1998--Accent Color Sciences, Inc. (Nasdaq: ACLR ACLR American Criminal Law Review (Georgetown University Law Center publication) ACLR Adjacent Channel Leakage Power Ratio ACLR Anterior Cruciate Ligament Reconstruction ACLR Amateur Cross Link Repeater ACLR Athlétic Club La Roche ), a development stage company, today announced that it has received a firm order from International Business Machines Corporation (NYSE NYSE See: New York Stock Exchange :IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ) for 15 Truecolor(tm) Systems for delivery in 1998. The 1998 backlog as of June 30th, including this order, is 36 Truecolor(tm) Systems and Truecolor(tm) System upgrades. Charles E. Buchheit, President and Chief Executive Officer of Accent Color Sciences, Inc., stated: "With this latest order of 15 Truecolor(tm) Systems from IBM, we are on track to meet our 1998 objectives. This order is a clear indication of the high degree of interest the production printing and publishing industry has for spot color A color that is printed from one printing plate which contains one matched color of ink. Spot colors are used when only one or two solid colors are needed on a page or when a color has to match perfectly and be consistent such as with a company logo or when colors are the trademark of the printing applications. "We are pleased with the progress IBM is making in its marketing efforts to successfully introduce and integrate Truecolor(tm) Systems into demanding production environments across a broad base of users. We believe that many of these new customers are in strategic industries and have a high potential to increase their installed base of Truecolor(tm) Systems, once these initial units have been fully integrated into their production printing plants. "Throughout the rest of the year and going into 1999, we will continue to actively support IBM's marketing activities. We are confident that we will see a growing installed base of Truecolor(tm) Systems both domestically and internationally." The IBM InfoPrint(tm) Hi-Lite Color post processor, which incorporates Accent Color Sciences' Truecolor(tm) Systems spot color printing technology, interfaces with IBM's high-volume black-and-white production printers, including the IBM InfoPrint(tm) 4000 and the existing installed base of IBM 3900s, enabling the addition of highlight color as part of an integrated document production system. Users can choose from a palette (1) In computer graphics, a range of colors used for display and printing. See color palette. (2) A collection of on-screen painting tools. (3) A toolbar that contains a set of functions for any kind of application. palette - colour palette of 14 standard or customized colors. Accent Color Sciences' Truecolor(tm) Systems spot color printing technology, which is being marketed by IBM as the IBM InfoPrint(tm) Hi-Lite Color Printer A printer that prints in color using three (CMY) or four (CMYK) colors of ink, toner or dye. Four color ribbons have been used in dot matrix printers, but these are rare today. See color laser printer and printer. - Model HC2, is unique in its ability to print variable colorized data on every page, its low per page print cost, and its high throughput. While printing a billing statement using IBM's InfoPrint(tm) Hi-Lite Color post processor, a customer could print the company logo in one color, highlight the amount due in a second color, and highlight marketing material in a third color. The IBM InfoPrint(tm) Hi-Lite Color, Model HC2 is targeted to meet the requirements of industries such as financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance, manufacturing, retail, direct mail, telecommunications, and utilities which produce a variety of documents that can benefit from the addition of spot color. Accent Color Sciences, Inc. designs, manufactures and sells innovative, high-speed spot color printing systems - Truecolor(tm) Systems - for the production printing and production publishing segments of the printing industry. Truecolor(tm) Systems, when integrated with high-speed, digital, black-on-white printers, creates a system that prints or highlights critical information in multiple colors for large-volume applications. Such applications include billing statements, account statements, invoices, legal notices, brochures, financial reports and short-run, on-demand publications. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This press release contains forward looking information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the projected timing of the introduction and shipment of the Company's products and certain other matters that involve a number of risks and uncertainties that may cause actual results to differ materially from expectations. Those risks and uncertainties include, but are not limited to: (i) the level of customer acceptance of the Company's products; (ii) the ability of the Company to develop and introduce new products; (iii) the dependence of the Company on third party suppliers for certain key technology elements; and (iv) the potential fluctuations in the Company's quarterly results of operations. Further information on factors that could cause actual results to differ from those anticipated is detailed in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for 1997, quarterly reports on Form 10-Q Form 10-Q See 10-Q. , and other filings with the Securities and Exchange Commission. The statements contained herein express the Company's expectations only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. Press releases and other information are available on Accent Color Sciences' World Wide Web site at http://www.accentcolor.com.
CONTACT: Accent Color Sciences, Inc.
Patrick Pedonti, 860/610-4045
or
Kehoe, White, Van Negris & Company, Inc.
Van Negris / Philip J. Denning
212/396-0606
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