Addmaster Adds Barcode Reader to its MICRJET 5000 Printer.

Business Editors & Technical Writers

MONROVIA, Calif.--(BUSINESS WIRE)--Oct. 9, 2000

New addition allows concentration of features in compact unit with

single interface

Addmaster Corp., a manufacturer of inkjet receipt and validation printers, has added a barcode reader to its MICRJET(TM) (MJ5000) model.

Originally configured to read MICR codes on checks and internal bank documents, this receipt and validation printer now reads payment coupons and pay-stub barcodes for payment processing applications. According to the company, the most significant benefit of this addition is the concentration of a variety of features in a simple, compact unit with a single interface.

With a footprint of 10.5" x 5.0" (267 mm x 127 mm) the MJ5000 uses less than one-half the combined counter space an organization would need to use a separate printer, check reader and barcode reader. Further, with a single interface, the MJ5000 reduces the number of PC ports that would otherwise be required to support three peripherals. This makes the MJ5000 easier to operate and reduces transaction time when compared to multiple device solutions.

Hugh Clary, vice president of Addmaster, said, "I can't think of any teller line, regardless of location, where a concern for counter 'real estate' does not exist. The MJ5000 alleviates this problem with its compact design and provides a quiet, efficient option for organizations processing barcode payments."

Addmaster originally developed this bar-coding feature for the South American market. In this market, many banks accept over-the-counter invoice payments on behalf of commercial, government and utility customers. According to the company, market research suggested that a need existed in the U.S. for this type of printer at commercial banks, governments, and utilities, as well as for cash settlement applications in a variety of industries.

The MJ5000 prints up to five 42 characters validation lines on cut forms. It prints 42 column receipts on a 76 mm roll paper and is powered by a 12 V DC at 700 mA. Along with the barcode reader option, MJ5000 can also provide automatic form positioning, configurable data formats and E13B of CMC7 (magnetic codes).

About Addmaster

Addmaster, founded in 1962 and headquartered in Monrovia, California, is one of the industry's largest manufacturers of teller receipt and validation printers used primarily for the financial industry. Addmaster customers include some of America's largest banks such as Wells Fargo, Bank One, First Union and Regions Bank.

In addition to banks, Addmaster printers can be found in the retail, utility and government realms. The company also produces inkjet print mechanisms, MICR readers and decoder boards, and digital control boards.

For more information on Addmaster, visit the company's Internet site at www.addmasterinkjet.com or call [phone].