Datamark and Reprotech Awarded $40 Million Contract to Manage National Bank Documents.MONTREAL--(BUSINESS WIRE)--March 21, 1996--DATAMARK INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME: DMK DMK Denmark DMK Dravida Munnetra Kazhagam (political party in the state of Tamil Nadu, India) DMK Dystrophia Myotonica Kinase DMK Deluxe Mounting Kit (CB radio) DMK Dynamic Management Kit ) The consortium consisting of the Quebec companies Lancaster Datamark, a subsidiary of Datamark Inc., and Reprotech Inc., has been awarded the National Bank's document management outsourcing contract. Estimated at $40 million and having a minimum term of five years, this agreement introduces an innovative concept in the banking industry. Beginning April 1, 1996, the consortium will take responsibility, on behalf of the National Bank, for the design, production, printing, storage and distribution of forms and office materials, reprographic services and the management of the fleet of photocopiers at head office. For the purposes of the contract, the consortium will hire the 23 employees assigned to management of the Bank's documents and will purchase the financial institution's equipment, warehouse and inventory of documents. The Lancaster Datamark - Reprotech consortium _ positioned to become a leader Lancaster Datamark and Reprotech pooled their complementary strengths to offer turnkey document management services. Following a call for tenders, the National Bank preferred the Lancaster Datamark - Reprotech consortium's proposal to those of international corporations for several reasons: - the consortium has solid outsourcing experience since the two companies offer similar services to over 20 organizations, including SNC-Lavalin, Avis and Bombardier; - the consortium's flexibility enabled it to meet the Bank's specific needs; and - the approach advocated by the consortium is designed not only to cut costs, but also to constantly improve document management by applying new technologies. Document management outsourcing offers many advantages increased service and a 10 percent reduction in costs According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Leon Courville, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the National Bank, this concept represents "a winning formula for both parties." By using the services of a company specializing in document management, the Bank is continually assured of access to a wide range of benefits, including the most sophisticated processes and equipment. Digital printing on demand, used for the past few years by Reprotech: - allows for printing of the required quantity, when and where desired; - reduces storage-related financial, handling and rental expenses; - reduces distribution costs distribution costs distribute npl → Vertriebskosten pl ; - eliminates document obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. costs; - while providing better quality printing. The Bank estimates that this outsourcing contract will reduce its document management costs by approximately 10 percent. Electronic forms, which can be completed directly by computer, will be introduced gradually, enabling the Bank to further reduce its printing costs and to further personalize its documents based on customers' specific needs. In short, document management outsourcing enables a client to reduce its costs and increase the quality of its services, while avoiding layoffs, equipment write-offs and supply contract or lease cancellation penalties. Corporate Profiles Datamark Inc. Listed on The Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the DMK ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors since 1985, the Company designs, produces and distributes business forms, self-adhesive labels, specialized print jobs and packaging. Datamark has over 4,000 clients in Quebec and Ontario and employs more than 600 persons. The Company has four subsidiaries, including Lancaster Datamark which specializes in the printing and management of business forms. Reprotech Inc. Founded in 1959 by SNC-Lavalin, the Company was acquired by Danielle Page in 1994. Reprotech offers offset printing, digital printing on demand, reprography re·prog·ra·phy n. The process of reproducing, reprinting, or copying graphic material especially by mechanical, photographic, or electronic means. [repro(duction) + -graphy. , photocopier photocopier Device for producing copies of text or graphic material by the use of light, heat, chemicals, or electrostatic charge. Most modern copiers use a method called xerography. management and document management services. The Company has about 100 employees and serves over a 1,000 clients across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. , most of whom are based in Montreal. CONTACT: Datamark Inc. Claude Perrotte, 514/367-4468 or Reprotech Inc. Danielle Page, 514/282-9521 |
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