EXHIBIT 99
for immediate release: press release
Contact: Anthony R. Drury
(215) 657-6202
e-mail:
[email protected]
QUAD SYSTEMS CORPORATION ANNOUNCES VOLUNTARY PETITION OF BANKRUPTCY
UNDER CHAPTER 11
WILLOW GROVE, PA - December 18, 2000 - Quad Systems Corporation (Nasdaq:
QSYS) reported that today it had filed a voluntary petition for relief under
Chapter 11 of Title 11 of the United States Code with the United States
Bankruptcy Court for the Eastern District of Pennsylvania, in Philadelphia (the
"Court"). The case was assigned to Judge Bruce I. Fox of the Court for initial
proceedings (case no. 00-35667BIF) (the "Chapter 11 Case").
Quad continues to maintain its assets, operate its businesses and manage
its affairs as a debtor-in-possession pursuant to the Chapter 11 Case and the
jurisdiction of the Court.
Quad Systems Corporation is a leading manufacturer of flexible,
high-performance SMT and APT assembly systems. With sales and support locations
worldwide, Quad serves as a resource for manufacturers seeking support, process
expertise and a wide range of SMT and APT assembly equipment. Quad equipment
solutions include placement systems, stencil printers and convection reflow
ovens. Quad has an installed base of over 3,500 machines around the globe. For
more information, visit www.quad-sys.com.
