YARC Welcomes Printware Developments.Business Editors CAMARILLO, Calif.--(BUSINESS WIRE)--April 7, 2000 YARC YARC You're Absolutely Right, Commander (military slang) Systems Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :YARC), today confirmed that it is looking forward to sitting down with the new Board of Directors of Printware Inc., (Nasdaq:PRTW), and discussing ways in which YARC's LINUX technology could be used to leverage Printware's CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. products to the forefront of the Internet CTP marketplace. A proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. was filed with the S.E.C. on April 6, 2000 by "The Shareholders' Committee to Improve Printware Shareholder Value," soliciting proxies from Printware's shareholders to be voted in favor of a proposal to increase the number of directors to six, and in favor of the election of the Committee's six director nominees. As stated in the S.E.C. filings, "very preliminary conversations" have been held between YARC and representatives of the principal shareholders of Printware, including the "Shareholders' Committee to Improve Printware Shareholder Value." YARC has generally found these shareholders more receptive than the management who first invited YARC to act as the "White Knight White Knight falls off his horse every time it stops. [Br. Lit.: Lewis Carroll Through the Looking-Glass] See : Awkwardness White Knight invents clever objects that never work. [Br. Lit. ." YARC has officially withdrawn its previous written proposal, and is awaiting the outcome of the election. Related news releases On Feb. 28, 2000 YARC announced that it had been asked by the management of Printware to explore possible business combinations of YARC and PRTW, and that it intended to continue the discussions with management, and with Printware's principal investors. On March 23, 2000, YARC detailed the respective technologies of the two companies, and presented a discussion of the symbioses that YARC believes would result from a business combination. About YARC (http://www.yarc.com/) YARC has developed proprietary LINUX software that integrates Printing technologies with the Internet. YARC's servers can receive images over the Internet and can be configured and upgraded from any standard Internet browser See Web browser. . YARC's Internet technology enables a direct link between the graphic artist and the printed output, yielding superior color matching and better consistency from job to job. YARC's proprietary implementation of Adobe Systems' "Postscript" Printer Description Language (PDL See page description language. 1. PDL - Page Description Language. 2. PDL - Program Design Language. 3. PDL - Push Down List. 4. PDL - Dave Lebling, one of the co-authors of Zork. ) is used to process computer images so they can be transferred to a printing engine. A YARC LINUX Color Server, for evaluation by the public, can be found at http://yarcxp.com. YARC's E-commerce server is at http://SecureShop.yarcrip.com. Note to Editors: An explanation of Computer to Press (CTP) technology was detailed in YARC's March 23, 2000 news release. DISCLAIMERS: Specific risk factors: As stated in the PRTW filing PRRN PRRN Public Record Retriever Network 14A on April 6, 2000, the director nominees of the "Shareholders' Committee to Improve Printware Shareholder Value," if elected, have not made any commitments to follow up the "very preliminary conversations" with YARC, or any other party. 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. : Certain of the above statements may be forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including competitive developments, lack of adequate financing, and other risk factors listed from time to time in the company's disclosure statements and/or SEC reports. Such statements are protected under 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 securities regulations. All trademarks are the property of their respective owners. |
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