ChannelBind announces new manufacturing agreement with HPI.ROCHESTER Rochester (rŏch`ĕstər, –ĭstər). 1 City (1990 pop. 70,745), seat of Olmsted co., SE Minn.; inc. 1858. , N.Y.--(BUSINESS WIRE)--Nov. 1, 1994--ChannelBind Corp., a Xerox Technology Ventures portfolio company, Tuesday announced an agreement with Holson Professional Corp. (HPI HPI abbr. history of present illness ), a leading manufacturer of high quality wedding photo albums. Under the agreement, ChannelBind will acquire the right to lease a 30,000-square-foot manufacturing facility, based in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , complete with manufacturing systems and fully staffed facilities compatible with its production process. This agreement will enable ChannelBind to meet worldwide demand for its rapidly growing binding business, significantly improve levels of customer service and responsiveness, and develop business with binding dealers and book binders. Also, as part of the agreement, ChannelBind will supply HPI with its production requirements. The manufacturing process used by HPI is comparable with the production process used in producing ChannelBind's "punchless" technology binding products. ChannelBind produces two non-electrical, desktop binding products which instantly create superior, publisher-quality documents without glue glue: see adhesive. glue Adhesive substance resembling gelatin, extracted from animal tissue, particularly hides and bones, or from fish, casein (milk protein), or vegetables. , heat, electricity, staples staples U-shaped stainless steel or vitallium units with sharp points used for surgical fixation. epiphyseal staples used to staple epiphysis to metaphysis; have metal bracing at the corners. or punching. System 10 is the inexpensive model designed for low-volume applications of up to 150 sheets of paper. System 20 is the high-end system, targeted at large-volume applications, capable of binding up to 300 sheets. Paul Keane Paul Keane (born in 1958) is an Australian actor well known for playing Des Clarke in the soap opera Neighbours. Other TV credits include Bliss and Flight Into Hell. He was trained at the National Institute of Dramatic Art, graduating in 1983. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ChannelBind, commented: "We are very pleased to announce this acquisition, which enables us to meet worldwide customer demand for our products. Our new and very flexible manufacturing environment allows us to begin production almost immediately. "This will enable us to produce highly customized products at cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. prices and meet our business growth objectives." ChannelBind, based in Rochester, was formed in January 1990 and funded by Xerox Technology Ventures, a venture capital group of Xerox, to design, manufacture, and market desktop binding systems for the large volume office market. ChannelBind currently designs, manufactures, and markets document-binding systems, covers, and decorative labeling software packages. Markets include office products, home offices, Fortune 500 companies, and selected vertical markets. Xerox Technology Ventures (XTV), with headquarters in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif., was founded in 1989 and is an independently managed venture capital group operating within Xerox Corp. It was formed to supply seed and early stage funding for investments which fall outside Xerox's mainstream business. The approach marries traditional venture capital methodologies with the leverage of Xerox's global resources. To date, 11 companies have been formed by XTV, a business leader in "intrapreneurship." CONTACT: Xerox Technology Ventures, El Segundo
Robert H. Curtin, 213/333-2000
or
Capital Relations Inc., Westlake Village, Calif.
Jane Scandling, 805/494-0830
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