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EXHIBIT 99.1
IMGX : IMAGEX.COM, INC (NASDAQ)
All Headlines
IMAGEX.COM CLOSES ON ACQUISITION OF CREATIVEPRO.COM
IMAGEX.COM BECOMES THE FIRST ONLINE PROVIDER OF DESIGN-TO-PRINT TECHNOLOGY
SOLUTIONS
BELLEVUE, WASH. - JUNE 22, 2000 - ImageX.com, Inc. (NASDAQ: IMGX), the leading
business-to-business Internet market maker for printed business materials, today
closed on the acquisition of Creativepro.com, Inc., a vertical portal and
industry-leading supplier of e-services and ExtensisO branded software tools for
creative professionals. This closing establishes ImageX.com as the only online
provider of design-to-print technology for corporate printing customers
worldwide.
Capitalizing on its first-to-market mover advantage, ImageX.com is executing an
acquisition strategy designed to add corporate customers and increase
efficiencies and savings to customers through cutting-edge technology.
"This acquisition is another step solidifying ImageX.com's expansion of the
print production workflow to the design community, linking the various workflow
components that begin with the designer and end with the delivery of a document
to the end-user," said Charlie Corr, director for CAP Ventures, Inc. "ImageX.com
is well-positioned as a industry leader in the business-to-business design and
print e-commerce industry."
"With Creativepro.com, we are now the only Internet technology company who has
the ability to capture and engage the graphic arts community, who are
responsible for 8 out of 10 printing decisions, and catapult them from the
desktop design to the Web printed page," said Rich Begert, president and chief
executive officer of ImageX.com. "This acquisition also adds significant
blue-chip corporate customer accounts which will further enhance the company's
already growing revenue stream."
ImageX.com acquired Creativepro.com, Inc. for a total of $40.5 million,
consisting of approximately 4.3 million common shares of ImageX.com and $11.5
million in cash. Creativepro.com is now a wholly-owned subsidiary of ImageX.com,
continuing to operate from Portland, Ore. under the direction of Creativepro.com
founder, president and chief executive officer, Craig Barnes. This acquisition
will add highly skilled employees, including 47 developers and 42 marketing and
sales professionals to ImageX.com's family of companies.
ABOUT CREATIVEPRO.COM
Founded in 1993, Creativepro.com, Inc., is a vertical Web portal that provides
online information, products and e-services that address the core needs of
creative professionals within the print and Web publishing communities. As a
one-stop resource for creative professionals, Creativepro.com delivers a wide
range of industry-specific features, including news and product reviews, and
products and services that make the process of creating, editing, assembling and
managing digital content for print and electronic publishing more productive and
efficient. Creativepro.com, with its software productivity tool division,
Extensis Products Group, is based in Portland, Ore., and generated approximately
$21 million in revenue in 1999. Recently, the company was named the High
Technology Company of the Year for the state of Oregon by the American
Electronics Association, and was ranked as the 53rd fastest-growing
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technology company in the country by Forbes magazine. For more information on
Creativepro.com, visit www.creativepro.com.
ABOUT IMAGEX.COM
Founded in 1995 and based in Bellevue, Wash., ImageX.com is the leading
business-to-business Internet market maker for printed business materials.
ImageX.com caters to the unique needs of every type of printing customer
--individuals, small businesses, corporations, graphic arts professionals,
printing industry suppliers and manufacturers. From buying paper stock to
finding the right graphic professional to design materials, ImageX.com's
technology provides innovative services for each step in the process of printing
materials. The company has filed for 52 patents for its Web-based, just-in-time
print manufacturing technology, which facilitates the entire workflow process
from creative concept to delivery of the final product. ImageX.com's branded
service areas include the Corporate Online Printing Center, the Small Business
Printing Center, PrintBid.com, and PaperDeals.com, as well as PrintPlace.com, an
online vertical e-marketplace for the graphic arts community. ImageX.com was
ranked third among the world's best-managed, fastest-growing technology
companies by Forbes ASAP in its April 2000 cover story. Forbes noted the
company's sound management, finances, market opportunity and competitive
position. ImageX.com's customers include Automatic Data Processing (ADP), CB
Richard Ellis, CIBC World Markets, Donaldson, Lufkin & Jenrette (DLJ) and Merck
and Co. More information on the company, its services and its online marketplace
can be obtained from www.imagex.com or by calling (800) 959-7845.
REGISTERED TRADEMARKS AND SERVICE MARKS ARE THE PROPERTY OF THEIR RESPECTIVE
OWNERS.
THIS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS RELATING TO THE DEVELOPMENT OF
THE COMPANY'S PRODUCTS AND SERVICES AND FUTURE OPERATING RESULTS, INCLUDING
STATEMENTS REGARDING THE COMPANY THAT ARE SUBJECT TO CERTAIN RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
PROJECTED. THE WORDS "BELIEVE," "EXPECT," "INTEND," "ANTICIPATE," VARIATIONS OF
SUCH WORDS, AND SIMILAR EXPRESSIONS IDENTIFY FORWARD-LOOKING STATEMENTS, BUT
THEIR ABSENCE DOES NOT MEAN THAT THE STATEMENT IS NOT FORWARD-LOOKING. THESE
STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND ARE SUBJECT TO CERTAIN
RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT. FACTORS THAT
COULD AFFECT THE COMPANY'S ACTUAL RESULTS INCLUDE THE PROGRESS AND COSTS OF THE
DEVELOPMENT OF OUR PRODUCTS AND SERVICES AND THE TIMING OF MARKET ACCEPTANCE OF
THOSE PRODUCTS AND SERVICES. A MORE DETAILED DESCRIPTION OF CERTAIN FACTORS THAT
COULD AFFECT ACTUAL RESULTS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DISCUSSED IN
IMAGEX.COM'S 10Q FILING DATED MAY 15, 2000. READERS ARE CAUTIONED NOT TO PLACE
UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE
DATE OF THIS RELEASE. IMAGEX.COM UNDERTAKES NO OBLIGATION TO UPDATE PUBLICLY ANY
FORWARD-LOOKING STATEMENTS TO REFLECT NEW INFORMATION, EVENTS OR CIRCUMSTANCES
AFTER THE DATE OF THIS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED
EVENTS.
