Raster Graphics Announces Acquisition of Datagraph; Adds Direct Distribution Capability in Major European Market.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 20, 1997--Raster Graphics, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RGFX), a leader in large-format, on-demand digital printing systems and software, announced the completion of its acquisition of Datagraph. Datagraph is a distributor in France of large-format digital imaging systems. Datagraph has a well-established customer base, which has been developed over their ten years in the large-format digital printing and plotting market. Their customers include over 250 resellers and integrators, as well as end users such as reprographic and copy shops, silkscreen printers, photo labs, advertising agencies, architects and surveyors, retail stores, and public schools and universities. Approximately sixty percent of Datagraph's business is derived from the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. segment of the large format digital printing (LFDP) market -- the segment estimated by IT Strategies to offer the potential for the fastest growth in the overall LFDP market. "We are very pleased to have Datagraph as part of the Raster Graphics See bitmapped graphics. (graphics) raster graphics - Computer graphics in which an image is composed of an array of pixels arranged in rows and columns. Opposite: vector graphics. family," said Rak Kumar, Raster Graphics' President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Their established presence in a major international market and seasoned industry experience provide Raster Graphics with an important strategic addition to our global direct distribution channels." The acquisition, completed on Sept. 30, 1997, was effected in a cash transaction and will be accounted for as a purchase. Raster Graphics, Inc. designs, manufactures and markets large-format color printing “colour separation” redirects here. For other uses, see colour-separation overlay. Color printing is the reproduction of an image or text in color (as opposed to simpler black and white or monochrome printing). systems for the on-demand, large-format color digital printing market. Its customers include graphic arts service bureaus, photo labs, screen printers, exhibit and sign companies, and in-house graphics services. The Company offers customers complete large-format color printing solutions including its Digital ColorStation(TM) 5442 production electrostatic digital press; the PiezoPrint(TM) 5000 and PiezoPrint 1000 production inkjet printers; PosterShop(TM) image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished software; PiezoPrint Finale finishing laminator; and related consumable products such as inks, varnish, papers and films. Headquartered in San Jose, Raster Graphics can be reached at 408/232-4000, by fax at 408/232-4100, or via the Internet at http://www.rgi.com . Certain of the matters discussed in this press release are forward-looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Actual results may differ materially from the statements made due to a variety of factors, but not limited to (i) expense of the acquisition being greater or lesser than expected, (ii) risks associated with international operations, (iii) unforseen delays in the distribution of the Company's products, and (iv) other risk factors described in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1996, as filed with the Securities and Exchange Commission (SEC), and in the Company's other SEC filings including the Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 1997. CONTACT: Raster Graphics, Inc. Janice Mahoney, 408/232-4067 |
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