GammaGraphX, Inc. Selected for the INC. 500; Provider of Digital Imaging and Printing Technology Joins Ranks at 414th In First Year of Eligibility.

LEXINGTON, Mass.--(BUSINESS WIRE)--Oct. 13, 1999--

GammaGraphX (GGX) has been named one of the fastest-growing companies in the country by Inc. magazine, which today released its annual ranking of the Inc. 500, the comprehensive guide to America's fastest-growing private companies. Ranked 414th on the list, GGX achieved this honor in its first year of eligibility. GGX was one of 27 Massachusetts firms honored, helping the state tie for third among the 50 states as a home for high-growth business.

Contrary to popular myth, the advent of computer technology has not reduced the necessity, importance, or value of handling paper-based documents. Recent studies suggest that the use of paper will continue to grow for the foreseeable future. GGX is a leading provider of technology and products designed to make the world of paper and electronic documents seamless. The company has developed extensive partner and customer relationships with organizations such as Hewlett-Packard, Eastman Kodak, Lanier, Agfa, Ernst & Young, Oce, Cornell University, Caere, and Tech Data.

"We are honored and gratified by this announcement", said David Monks, President and CEO of GGX. " Over the years, our employees and business partners have created a reality from the vision of a world that uses paper effectively and efficiently. As we focus our future attention on the use of the Internet to make paper document distribution more efficient, we're confident that the vision will create new and larger opportunities for GGX."

With five-year growth in revenues of 728%, GGX joined other computer-related companies (which dominated the rankings with 46% of the 500) and 44 firms from the New England region on this year's list.

The annual Inc. 500 issue, published on October 15th, provides an exclusive look on companies and CEOs at the forefront of America's future business. To be eligible for the Inc. 500, companies must have been independent, private held organizations through 1998, have at least $200,000 in sales in the base year, 1994, and their 1998 sales must have exceeded their 1997 sales. The ranking is based on the percentage increase in sales from 1994 through 1998.

GGX(R), of Lexington, Massachusetts, is a leading provider of products and technology for digital imaging and printing to manufacturers (OEMs) and providers of office and imaging solutions. In 1998, the company's five-year growth placed it in 67th position overall in Deloitte & Touche's Technology Fast 500, a list of the fastest-growing technology firms in the United States. GGX offers "best-in-class" solutions for image capture, processing, and printing -- including patented bar-code recognition and patent-pending, image quality measurement technology. GGX products provide users with access to and management of digital documents -- anywhere and anytime. Through technology that simplifies capture and access, manages workflow, delivers scalability, and insures quality, GGX delivers "The Future of Digital Documents(c)". For more information about GGX, contact Lee Phillips at 781/372-1216. (E-mail: [e-mail]), or refer to the World Wide Web at www.ggx.com.