Impreso, Inc. Subsidiary Completes Purchase of Its Fifth Plant.Business Editors/High-Tech Writers COPPELL, Texas--(BUSINESS WIRE)--April 22, 2002 Impreso, Inc. (Nasdaq SmallCap Market:ZCOM), which through its subsidiaries is involved in (1) the manufacture and distribution of paper and film hard copy imaging products for commercial and home office applications and (2) the development of eCommerce See e-commerce. initiatives, today announced that its wholly-owned subsidiary, TST/Impreso, completed the purchase of substantially all of the assets of United Computer Supplies, Inc. and its affiliates ("United") for approximately $8.5 million. The transaction, which closed on the personal property on March 19, 2002, was completed April 19, 2002 with the close of the real estate. Headquartered in Itasca, Illinois Itasca is a village in DuPage County, Illinois, United States. The population was 8,302 at the 2000 census. Schools The Itasca School District #10 is home to three public schools. Raymond E. Benson Primary hosts grades PreK-2. , United had annual sales of approximately $30 million. United's core product line consists of continuous feed business forms, with the addition of small rolls. TST TST 1 Toxic shock toxin 2 Treadmill stress test, see there has purchased United's business forms and small roll inventory, the equipment associated with the production of small rolls, specific business forms equipment, customer lists, and the Itasca plant. TST has employed approximately half of United's former employees. "We have started consolidating all of the purchased inventory and equipment from other United locations into the plant we purchased in Itasca. We expect the absorption and turn of United's inventory to take approximately 6 months," stated Marshall Sorokwasz, President and Chief Executive Officer of Impreso, Inc. and TST/Impreso, Inc., "We expect all other consolidation activities to be completed by July 2002." "We expect TST/Impreso will significantly increased its share of the business forms and small rolls market," continued Sorokwasz. "We also believe the addition of United will have a positive impact upon Impreso's earnings per share during the twelve months following the completion of the acquisition." In its fiscal year ended August 31, 2001, Impreso, Inc. had net earnings of $.24 per share on net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of approximately $96 million. About Impreso, Inc. Impreso, Inc. is a holding company for TST/Impreso, Inc. and HotSheet.com, Inc. TST/Impreso, Inc. is a manufacturer and distributor of hard copy imaging products for commercial and home use in domestic and international markets. HotSheet.com, Inc. primarily owns HotSheet.com, a single-page, online Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the directory with categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat links to premier web destinations. The Company's website domains are www.hotsheet.com, www.impreso.com, and www.tstimpreso.com. Impreso, Inc. is headquartered in Coppell, Texas Coppell is a city in Dallas County, Texas, a suburb and bedroom community of the DFW Metroplex. The population was 35,958 at the 2000 census. A small area in the far northern portion of the city extends into neighboring Denton County. , and its common stock trades on the Nasdaq Small Cap Market under the symbol "ZCOM". This press release may include statements that constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to 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 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. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, paper prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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