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KODAK PLANS TO SELL CENTER FOR CREATIVE IMAGING TO BRACE MANAGEMENT GROUP OF CAMDEN

 CAMDEN, Maine, Dec. 31 /PRNewswire/ -- Brace Management Group of Camden and Eastman Kodak Company (NYSE: EK) today announced an agreement for Brace to purchase Kodak's Center for Creative Imaging, the high- technology education and training facility located here.
 Terms of the agreement were not disclosed. A closing date will be set for early March.
 Kodak opened the center in the spring of 1991 as a showcase for state-of-the-art imaging technology, including hybrid electronic/silver halide products. The center offers hands-on workshops, conducted by industry pioneers, in a handsomely restored, turn-of-the-century building on the banks of the Megunticook River.
 The Brace Management Group said today they will continue the operations of the center in the same Camden facility and will offer the extensive course selection outlined in the just-released 1993 course catalog.
 "We perceive that the center brings real value to the imaging industry and are committed to continuing its mission in Camden," stated Russell W. Brace, chief executive officer of Brace Management Group. "The center will continue to offer the full range of computer-based imaging courses while strengthening the educational opportunities with comprehensive programs in photography and video. Courses in these new disciplines will be cooperatively designed to complement the existing imaging curriculum. We intend to offer students the opportunity to explore the wide array of possibilities that are emerging in the world of communication arts. Kodak has built an excellent training center and we will carry on the mandate to make it preeminent in the imaging world."
 John J. Powers, Kodak vice president and general manager, marketing operations, explained that Kodak has been carefully reviewing the status of every company unit, particularly in areas not directly involved in manufacturing products in one of its core businesses.
 "We are extremely pleased that this agreement means the center will remain in Camden and will continue to bring leading-edge imaging technology to customers in an area of the country well-known for creativity," Powers said. "The center's unique work will go forward, although Kodak will no longer be responsible for the day-to-day operations. We have been pleased with the administration of the center, with the excellent quality of instruction, and with the support of the Camden community."
 He added that Kodak "remains highly supportive of the center and will do everything possible to ensure a smooth transition of its operations."
 Brace Management Group has focused its expansion in the field of visual imaging and brings its expertise in business management and imaging technology to the center. The company is responsible for managing a number of related entities in Camden. These include Imagetech Publications, a company that publishes High Color, a magazine for computer graphics users, and Maine Coast Photo, a professional photography processing center.
 Copies of the center's 1993 course catalog may be obtained by writing the Center for Creative Imaging, 51 Mechanic St., Camden, Maine, 04843.
 -0- 12/31/92
 /CONTACT: Paul C. Allen of Eastman Kodak Company, 716-724-5802; or Peter F. Davidson, president of Brace Management Group, 207-236-4445/
 (EK)


CO: Eastman Kodak Company; Brace Management Group ST: New York, Maine IN: SU: TNM

KK -- CL001 -- 0833 12/31/92 09:06 EST
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Date:Dec 31, 1992
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