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PARALLEL TECHNOLOGIES ANNOUNCES FIRST U.S. ORDERS; IMPLEMENTATION OF JOINT MARKETING PROGRAM WITH IBM

 PARALLEL TECHNOLOGIES ANNOUNCES FIRST U.S. ORDERS;
 IMPLEMENTATION OF JOINT MARKETING PROGRAM WITH IBM
 YONKERS, N.Y., May 18 /PRNewswire/ -- Parallel Technologies, Inc. (National Quotation Pink Sheets and Electronic Bulletin Board System: PLLK) today announced that it has received its first U.S. orders for its GRAPHEX/FPE (Flexible Production Environment) line of color electronic prepress systems designed for printing and publishing applications.
 The orders were received from the American Color Corporation subsidiary of Sullivan Graphics, a national printer with revenues in excess of $500 million, Rapoport/Metropolitan Printing Corporation and Brunel Industries, Ltd., both of New York City. Installations are scheduled for this quarter. These three installations will result in revenues to Graphex of over $850,000.
 Robert S. Pollock stated: "Customers are finding that the FPE line provides superior performance at extremely competitive prices. We appreciate the vote of confidence these orders represent and we look forward to ongoing mutually profitable relationships with these valued customers. We anticipate substantial business to be booked this quarter in the United States and Europe both directly by Graphex and through the efforts of our marketing partner, IBM."
 The FPE line was introduced at the Imprinta '92 trade show in Dusseldorf, Germany, in February and is being marketed directly by Parallel's Graphex Imaging Systems Inc. subsidiary and through a joint marketing agreement with IBM.
 The initial phase of the Graphex/IBM marketing program will include a series of Media Focus Days to be conducted under the auspices of IBM on a regional basis over the next several months. The first program is taking place in Miami on May 19, 1992. Other upcoming programs are scheduled for Los Angeles, (June 9-10, 1992) and New York, (June 16, 1992). Each program will consist of an educational seminar conducted by one or more industry experts and a marketing presentation by Graphex. Attendance will be by invitation which will be sent by IBM to qualified potential customers. Martin W. Enright, senior vice president stated: "We are very pleased to be participating in the Media Focus Day program. This allows us to reach a broad national customer base without incurring the considerable expense of instituting such a program on our own. The program highlights our confidence in the commitment IBM is making to the graphic arts industry and to our joint marketing effort."
 In a related development, Graphex announced that it has accepted IBM's invitation to exhibit in the IBM booths at two significant trade shows, GraphExpo in New York City and IFRA in Geneva, Switzerland. Both shows are scheduled for October. Enright remarked, "The GraphExpo and IFRA shows give us the opportunity to get significant industry exposure and to highlight the commitment that IBM and Graphex have made to penetrating the worldwide CEPS market. We expect these exhibitions to have a significant impact on our sales for 1993."
 The FPE line is based in the Graphex Parallel Image Processor (GPIP), a multi-node, multiple instruction multiple data, RISC-based imaging computer running at speeds of 360 to 3,000 MIPS (millions of instructions per second.) The GPIP is combined with the IBM RISC System/6000 line of workstations in a series of open systems flexible configurations designed to meet the specific production needs of the end-user. A series of FPE Software Modules provides full CEPS functionality.
 -0- 5/18/92
 /CONTACT: Martin W. Enright, senior vice president of Parallel Technologies, 914-965-7790/
 (PLLK) CO: Parallel Technologies Inc. ST: New York IN: PUB SU: CON


CK-SM -- NY047 -- 1348 05/18/92 12:42 EDT
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Publication:PR Newswire
Date:May 18, 1992
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