<PAGE>
EX. 99.1
For more information:
Joe Cutts JoAnn Horne
Chief Financial Officer Investor Relations
Electronics For Imaging Market Street Partners
650-357-3500 415-248-3790
EFI and Splash Announce Expiration of Hart-Scott-Rodino Waiting Period In
Connection With the Merger
-4-
<PAGE>
FOSTER CITY & SUNNYVALE, Calif.-- (BUSINESS WIRE) -- Oct. 11, 2000 --
Electronics For Imaging, Inc. (EFI) (Nasdaq:EFII) the world leader in enabling
networked printing solutions, and Splash Technology Holdings, Inc. (Splash)
(Nasdaq:SPLH) today announced that the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") applicable
to EFI's $10.00 per share cash tender offer for Splash expired yesterday without
further action taken by the U.S. Federal Trade Commission.
On August 31, 2000, EFI and Splash announced the entering into a definitive
merger agreement through which EFI will pay Splash stockholders $10.00 per share
in cash. The acquisition is structured as a tender offer for all outstanding
Splash shares. As has been previously disclosed, the tender offer will expire
this Friday, October 13, 2000, at 5:00 p.m., New York City time.
Consummation of the tender offer is subject to certain customary closing
conditions, including the valid tender of a majority of the Splash common stock.
About Electronics For Imaging
Electronics for Imaging (WWW.EFI.COM) is the world leader in enabling
networked printing solutions. EFI technology allows copiers, printers, and
digital presses to be shared across work groups, the enterprise, and the
internet. The results are greater productivity, improved document management,
seamless networking, and the assured quality of color and black-and-white
images. The company's OEM partners look to EFI to deliver products that help
grow sales and reduce costs associated with internal development and support.
Competitive, feature-rich solutions, such as the Fiery and EDOX brands of
networked image processors and the eBeam brand of Web-enabled whiteboard
systems, are an outgrowth of our determination to offer OEMs and end users alike
the highest assurance of innovation, quality, reliability, and support. The
company employs more than 800 people and maintains 22 offices worldwide.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS: Statements contained in this
press release, which are not historical facts, are forward-looking statements
subject to risks and uncertainties as discussed more fully in the companies'
filings with the SEC, including their most recent Form 10-K and Form 10-Q. In
addition, acquisitions involve risks and uncertainties which include, among
others, the risk that expected growth will not be achieved, the integration of
the companies will divert management attention and may not be achieved at all,
any expected accretion in earnings will not materialize, expected synergies may
not be realized and employees may choose not to continue with the combined
company.
-5-
