Thursday May 23, 9:20 am Eastern Time
Press Release
SOURCE: IKON Office Solutions, Inc.
IKON Adds Hewlett-Packard LaserJet 9000MFP to Digital Arsenal
Targets New Business, Increased Page Volumes Through IT/MIS Decision Makers
VALLEY FORGE, Pa.--(BUSINESS WIRE)--May 23, 2002--IKON Office Solutions, Inc. (NYSE:IKN - News) today announced another milestone in its expanding Hewlett-Packard relationship with the addition of the HP LaserJet 9000MFP to IKON's lineup of digital output devices from industry leaders like Canon, Ricoh and Oce.
IKON intends to leverage the HP brand to drive MFP placements for businesses that rely extensively on network printers for their document production needs. This approach to a highly competitive digital marketplace is designed to pave the way for IKON to capture incremental new business and increased page volumes in the network print environment.
"The addition of Hewlett-Packard page printers to our product roster last year helped round out IKON's offering," said Cathy Lewis, Senior Vice President of Marketing for IKON Office Solutions. "Now, the introduction of the HP LaserJet 9000MFP brings us even closer to IT/MIS decision makers, whose reliance on HP printers makes this an excellent means of opening new doors. Hewlett-Packard technology, combined with IKON's expertise in consultative sales and distribution, creates a compelling value proposition to benefit our customers."
"IKON will play a major role in HP's go-to-market strategy, which includes a new `convergence' channel partner who can combine the networking expertise and strong IT relationships of traditional printer resellers with the high-touch service and sales capabilities, strong facilities management relationships, and flexible financing services of traditional copier resellers," said Kevin J. Gilroy, Vice President and General Manager, HP North American Channels.
The 50-page-per-minute HP LaserJet 9000MFP offers monochrome printing and copying, color scanning and digital sending capabilities -- in one single, compact device. Workgroup users will enjoy the convenience of streamlined workflow and expanded features and functions, accessible in an easily recognizable interface.
Meanwhile, IT/MIS professionals can seamlessly provide the same level of end-user support available for network printer fleets, from familiar print drivers to remote monitoring and device management.
IKON Office Solutions (www.ikon.com) is one of the world's leading providers of products and services that help businesses communicate. IKON provides customers with total business solutions for every office, production and outsourcing need, including copiers and printers, color solutions, distributed printing, facilities management, imaging and legal document solutions, as well as network design and consulting, and e-business development. IOS Capital, LLC, a wholly-owned subsidiary of IKON, provides lease financing to customers and is one of the largest captive finance companies in North America. With Fiscal 2001 revenues of $5.3 billion, IKON has approximately 600 locations worldwide including the United States, Canada, Mexico, the United Kingdom, France, Germany, Ireland and Denmark.
This news release includes information which may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include statements concerning but not limited to the HP LaserJet 9000MFP and related performance. Although IKON believes the expectations contained in such forward-looking statements are reasonable, it can give no assurances that such expectations will prove correct. Such forward-looking statements are based upon management's current plans or expectations and are subject to a number of risks and uncertainties, including, but not limited to, risks and uncertainties relating to conducting operations in a competitive environment and a changing industry; delays, difficulties, management transitions and employment issues associated with consolidation of, and/or changes in business operations; managing the integration of existing and acquired companies; risks and uncertainties associated with existing or future vendor relationships; and general economic conditions. Certain additional risks and uncertainties are set forth-in IKON's 2001 Annual Report on Form 10-K/A filed with the Securities and Exchange Commission. As a consequence of these and other risks and uncertainties, IKON's current plans, anticipated actions and future financial condition and results may differ materially from those expressed in any forward-looking statements.
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