LASERMASTER TECHNOLOGIES ANNOUNCES PURCHASING AGREEMENT WITH INTERNATIONAL COMPUTERS
LASERMASTER TECHNOLOGIES ANNOUNCES PURCHASING AGREEMENT
WITH INTERNATIONAL COMPUTERS
MINNEAPOLIS, Nov. 21 /PRNewswire/ -- LaserMaster Technologies, Inc. (NASDAQ: LMTS) announced today that it has signed a preferred buyer purchasing agreement with International Computers, Ltd. (ICL) of London, England. Under the agreement, ICL will sell LaserMaster's plain-paper typesetters and business printer products to their large retail customers.
ICL is a $4 billion computer manufacturer with more than 27,000 employees worldwide. They provide a full line of computer and printer products to retail chains around the world for use in bar coding, labeling, and other specialized high performance printing applications. ICL will also sell LaserMaster's plain-paper typesetters through their own reseller network as part of ICL's complete desktop publishing systems.
LaserMaster will continue to market its plain-paper typesetters directly to end users through a network of certified publishing consultants located throughout the U.S. and Canada, and a network of value added distributors internationally. LaserMaster's business printers are being distributed through an expanding network of two-tier distribution organizations worldwide.
"This agreement gives LaserMaster another important means of bringing our high-performance printer products to the global market," said Mel Masters, chief executive officer of LaserMaster. "Working with ICL will give us immediate access to a large number of potential customers worldwide who need high-speed, high-resolution printer products."
"Adding LaserMaster's high-performance printers to our product line gives us the ability to increase our offerings to our existing customers," said Warwick Morgan, managing director of ICL's retail division. "This allows us to expand our market base by attracting new customers who can take advantage of the unique benefits that LaserMaster products provide."
LaserMaster Technologies, Inc. designs, manufactures and markets high resolution, high performance printing systems for the microcomputer market. The LaserMaster product line features the company's proprietary TurboRes(R) resolution enhancement technology.
/CONTACT: Karen Neset, vice president of LaserMaster, 612-941-8687/
(LMTS) CO: LaserMaster Technologies, Inc.; International Computers, Ltd. ST: Minnesota IN: CPR SU: JT -- MN003 -- 5756 11/21/91 09:33 EST