NASHUA CORPORATION INTRODUCES FIVE REMANUFACTURED LASER PRINTER TONER CARTRIDGES.

NASHUA, N.H.--(BUSINESS WIRE)--November 23, 1994 -- Nashua Commercial Products Group, a division of Nashua Corporation (NYSE: NSH), today introduced five new remanufactured laser printer toner cartridge products, including its first laser fax and Magnetic Ink Character Recognition (MICR) toner cartridges.

In recent months, Nashua Commercial Products Group has introduced a wide array of new remanufactured cartridge offerings, capitalizing on the growing demand for high-performance, cost-effective, laser printer toner cartridges that help preserve and protect the environment.

William E. Mitchell, Nashua's president and chief executive officer, stated, "Expanding our family of remanufactured laser printer toner cartridges is a key element in our strategy to bring new products to the commercial marketplace. With this product launch, Nashua Commercial Products Group now has a full line of high-quality remanufactured laser printer toner products that will help penetrate untapped, growing markets, as well as strengthen our position in existing markets. As part of our strategy, we will continue to broaden our presence in these new markets with additional product introductions."

Marking Nashua's entry into the laser fax toner cartridge market, the Nashua Premium EP-FX1 and Select EP-FX1 Laser Fax Toner Cartridges both use a new Nashua-manufactured, long-life OPC drum for dark, bold text and graphics. Compatible with the Canon L700 and Pitney Bowes 9500 fax machine families, the Premium EP-FX1 and Select EP-FX1 cartridges have a suggested list price of $71.95 and $63.95, respectively, with rebates of $12.00 and $10.00, respectively, upon return of the used cartridge. Dealer pricing and quantity discounts also are available.

The Nashua Premium EP-S MICR is Nashua's first MICR cartridge. MICR cartridges allow laser printers to output scanner-readable checks at a fraction of the cost of commercially printed checks while also enhancing security. Using a long-life Nashua OPC drum, the Premium EP-S MICR offering is compatible with the Hewlett-Packard LaserJet II, IID, III & IIID and Apple LaserWriter IINT families and other Canon LBP-SX engine-based printers. The Premium EP-S MICR is available for a suggested list price of $139.95 with a $20.00 rebate upon return of the used cartridge. Dealer pricing and quantity discounts also are available.

Commenting on the growth potential of the MICR market, Tim Bowen, senior product manager at Nashua Cartridge Products, said, "Of the 66 billion checks produced each year, only two percent currently use PC-based applications and laser printers with MICR cartridges. Because these cartridges provide significant cost savings and increase security, the MICR market is expected to double in size annually over the next several years."

Broadening Nashua's family of "recycled" laser toner offerings, the Nashua Premium EP-E and Select EP-E Remanufactured Laser Toner Cartridges are both compatible with printers using the Canon LP-EX engine, including the Apple Personal LaserWriter Pro 600 and 630, Hewlett-Packard Laser Jet 4, 4+, 4M and 4M+, Canon LBP-860 and Digital Equipment DEClaser 5100. The Premium EP-E is available for a suggested list price of $102.95 with a $15.00 rebate upon the return of the used cartridge, while the Select EP-E has a suggested list price of $76.95 with a $12.00 rebate for returning the used cartridge. Dealer pricing and quantity discounts also are available. All Nashua cartridges are available through authorized Nashua dealers, retailers and stationers in the United States and Canada.

Nashua Corporation is a leading manufacturer and provider of coated products, office imaging supplies, photofinishing services and precision materials. The Company is expanding its presence around the globe by offering a diverse mix of products and services for the photofinishing and office imaging industries.

CONTACT: Nashua Corp.

             Daniel M. Junius            Timothy D. Bowen
             Treasurer                   Product Manager
             603/880-2363                603/772-9131