Checkpoint Systems to Install EAS Systems for Coda Acquisition Group, Ltd.

THOROFARE, N.J.--(BUSINESS WIRE)--Sept. 27, 1999--

Checkpoint Systems, Inc., (NYSE: CKP), a leading provider of integrated loss prevention solutions to retailers worldwide, announced that it has been selected by CODA Acquisition Group, Ltd., a 155-store retail apparel company, for the installation of radio frequency electronic article surveillance systems (RF EAS). The contract calls for the initial installation of Checkpoint's RF systems in 100 apparel stores owned by CODA Acquisition Group.

"We chose to continue working with Checkpoint's RF technology because of the success that we've already had in our Jimmy Jazz stores and our confidence in RF technology as the leading edge technology," said James Khezrie, CEO of CODA Acquisition Group. "In addition, Checkpoint distinguished themselves from the competition with their value and level of service including a responsiveness to our required installation time frame."

CODA Acquisition Group, Ltd., headquartered in St. Louis, Missouri, operates 155 apparel stores acquired from Edison Brothers, Inc. in July of this year. The stores are located in 28 states and also Puerto Rico.

"We are pleased to be working with CODA Acquisition Group and feel confident that Checkpoint's technology will provide them with superior results in reducing retail shrinkage," said Kevin Dowd, CEO of Checkpoint.

Checkpoint's RF EAS systems use proprietary radio frequency-based (RF) technology. When an active product tag passes through a sensor's detection field, it interrupts a radio frequency signal, triggering an alarm that alerts the retailer to a possible shoplifting attempt.

Checkpoint's RF EAS systems are already being used by major retailers worldwide such as American Stores Company, Big W, Coles Myer, Ltd., Dayton Hudson Corporation, Eckerd Corporation, El Corte Ingles, Harrods, Kohl's Department Stores, Rite Aid Corporation, Target Stores, Toys "R" Us and Walgreen Co.

Checkpoint Systems, Inc., located in Thorofare, New Jersey, is the world leader in radio frequency technology delivering integrated security solutions to retailers, and the leader in the development of RFID technology across all industries. As a global provider, Checkpoint has 350,000 systems in place worldwide, produces several billion electronic tags a year, and has an international sales, service, and support network. Checkpoint is dedicated to providing state-of-the-art RFID and RF/EAS technology for retail, library, commercial and industrial applications. Checkpoint Systems, Inc.'s web site is located at www.checkpointsystems.com.