SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULA 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
June 6, 2000
CREO PRODUCTS INC.
(Exact name of Registrant as specified in its charter)
3700 Gilmore Way
Burnaby, B.C. Canada V5G 4M1
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.)
Form 20-F x Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)
Yes No x
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FOR IMMEDIATE RELEASE
CREO ACQUIRES TORONTO'S CARMEL GRAPHICS
Vancouver, BC, CANADA (June 6, 2000) - Creo Products Inc. (NASDAQ: CREO; TSE:
CRE) ("Creo") is pleased to confirm the acquisition of all the issued shares of
Carmel Graphics Systems Inc., a Toronto-based software development company. The
transaction closed on May 12, 2000. The acquisition of Carmel - for US $8.5
million in combined cash and stock - gives Creo access to advanced technologies
and products that will complement CreoScitex workflow products. CreoScitex is
the principal operating division of Creo and focuses on the graphic arts
industry.
Carmel Graphic Systems Inc. specializes in products for desktop publishing,
prepress, and print-on-demand professionals. Established in 1991, the company
supplies the business-to-business marketplace with customizable hardware and
software that can be easily integrated as portals into a user's corporate
website.
The technology at the core of two Carmel Graphics products - View-IT and
Submit-IT - will be integrated into Prinergy InSite(TM), a browser-based remote
proofing and job tracking tool distributed through the CreoScitex network
worldwide. The Prinergy InSite system allows users to upload and download job
data, proof remotely, submit annotations, approve or reject pages, manage
information, and access secure job-status reporting over the Internet. Printers
provide this service to customers to help them easily proof, approve, and check
the status of their jobs.
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View-IT is an Internet-based client/server portal designed to provide remote
collaboration and observation of jobs, and the ability to proof and approve the
jobs remotely. Developed for use with images and image-centric documents,
View-IT supports TIFF, PDF, PICT, JPEG, EPS, and many other popular file-
formats. By integrating the View-IT server in the production cycle, graphic arts
shops can eliminate costly errors, guarantee faster turnaround, and provide
professional responsiveness to their customers. From anywhere in the world, any
client, using any computer, with any operating system, using standard browsers,
can log onto the server with full security and view or collaborate on any job in
real time.
The Submit-IT system supports Internet-based information delivery and
management. It allows the user to send and receive files over the Web with
appended information, which may include job tickets and dockets. The Submit-IT
portal allows bi-directional data delivery over the Internet in a secure and
cost-effective way using a standard Browser and Internet connection. The
Submit-IT server, which also tracks and logs all transactions, can be installed
at any service bureau, designer, or printer.
"We believe that the Internet will play a significant role in the future of the
graphic arts and printing industries," said Amos Michelson, Creo CEO. "The
View-It and Submit-IT systems, as well as others developed by Carmel Graphics,
will contribute greatly to the successful implementation of our overall Internet
strategy." Prinergy InSite can also be used with the printCafe system to
provide data management and prepress integration with Prinergy production
environments. Launched earlier this year, printCafe is an interactive Internet-
based, business-to-business communication and production solution
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that connects print buyers, printers and printing industry suppliers. More
information can be found at www.printcafe.com
"The entire team at Carmel Graphics is excited about this agreement," says Dov
Berliner, Principal of Carmel Graphics. "We view this as a powerful endorsement
of the products we have worked long and hard to create."
As part of the acquisition, six employees of Carmel Graphics - including the
management team - will take on new roles in the CreoScitex graphic arts division
of Creo.
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About Creo
Based in Vancouver, Canada, Creo Products Inc. is a publicly held high-
technology company focused on the application of imaging and information
technology. Through CreoScitex its principal operating division Creo is
leading the digital transformation of the graphic arts industry. Creo Products
Inc. trades under the symbols CREO on NASDAQ and CRE on the Toronto Stock
Exchange. www.creo.com
Creo, the Creo logo, CreoScitex, and the CreoScitex logo, are registered
trademarks or trademarks of Creo Products Inc. Other products may be the
registered trademarks or trademarks of their respective companies.
