Creo Hosts Analysts, Shareholders at Manufacturing Facility.Business Editors/High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 27, 2003 Creo Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CREO)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element ) hosted financial analysts and Creo shareholders for a forum yesterday at the Vancouver-area manufacturing facility of the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. supplier. Analysts and investors toured the facility where a broad range of products is manufactured, including the Trendsetter trend·set·ter n. One that initiates or popularizes a trend: "The Golden State, ever the trendsetter, reformed its property tax" New York. (R) computer-to-plate thermal imaging devices and the new Veris(TM) proofers with Multi-Drop Array(TM) inkjet imaging. Chief executive officer Amos Michelson described Creo's remarkable growth from just over US$5 million in product sales in 1993, to US$539 million revenue and 25,000 customers, just 10 years later. Creo has installed over one-third of the computer-to-plate devices installed around the world. In the next months, Creo will install its 5,000th computer-to-plate device-about three times that of Creo's nearest competitor. Creo president Judi Hess was introduced for the first time with a new title. She was previously president, graphic arts. The Creo board of directors made the appointment last week as formal recognition of her role in overseeing Creo's worldwide operations. Creo co-founder and former president Dan Gelbart continues to focus on research and development as Creo's chief technology officer. The morning also included presentations by Mark Dance, CFO See Chief Financial Officer. and COO; David Brown, corporate vice president, business strategy; Brad Palmer, corporate vice president, inkjet printing; and Philippe Favreau, corporate vice president, operations. Creo customers Hemlock hemlock, any tree of the genus Tsuga, coniferous evergreens of the family Pinaceae (pine family) native to North America and Asia. The common hemlock of E North America is T. Printers, Metropolitan Fine Printers, and Supreme Graphics also described the impact Creo technology has on their business and the growth of their companies. An archived webcast of the event will be available on Creo's website later today at http://www.creo.com/Global/about_creo/investors/default. Photos available About Creo Creo is a world leader in solutions for the graphic arts industry. Core product lines include image capture systems; inkjet proofers; thermal imaging devices for films, plates and proofs; professional color and copydot scanning systems; and workflow management software. Creo is also an Original Equipment Manufacture supplier of on-press imaging technology, components for digital presses, and color servers for high-speed, print-on-demand digital printers. Creo trades under the symbols CREO on NASDAQ and CRE on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . www.creo.com (C) 2003 Creo Inc. The Creo product names mentioned in this document are trademarks or service marks of Creo Inc. and may be registered in certain jurisdictions. Other company and brand, product and service names are for identification purposes only and may be trademarks or registered trademarks of their respective holders. Data is subject to change without notice. This release contains forward-looking statements within the meaning of the "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. " provisions of the U.S. 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. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are described under the caption "Information Regarding Forward-looking Statements" and elsewhere in our Annual Report for the fiscal year ended September 30, 2002, as filed with the U.S. Securities and Exchange Commission and which are incorporated herein by reference. We do not assume any obligation to update the forward-looking information contained in this press release. |
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