<PAGE>
Exhibit 99.1
FOR IMMEDIATE RELEASE
For additional information, contact:
David J. Davis
Senior Vice President Operations & CFO
TAB Products Co.
408-586-1600
TAB COMPLETES THE ACQUISITION OF THE OPERATING
ASSETS OF DOCUCON, INC.
PALO ALTO, CA, JUNE 5, 2000 - TAB Products Co. (AMEX:TBP), which has
headquarters in San Jose, California, today announced that it has completed
the purchase of the operating assets and associated liabilities of Docucon,
Inc.
Under the purchase agreement TAB acquired certain assets and assumed certain
liabilities associated with Docucon's San Antonio operations center, which
provides electronic imaging conversion services. The purchase price was $5.1
million and is a combination of cash and assumed liabilities. The purchase
price is subject to certain post closing adjustments 30 days after closing.
Approximately 85 employees, including operations, software engineers and
sales personnel, transferred to TAB.
Philip C. Kantz, president and chief executive officer of TAB, said, "We are
excited about adding digital imaging to our in-house capabilities. TAB can
now provide high-end electronic conversion services to its customers and will
be better positioned to offer effective end-to-end document management
solutions to bridge the technological gap between paper and the desktop."
Kantz went on to say, "This acquisition reinforces the importance of
electronic imaging technologies to achieving the benefits of our document
management strategy while also strengthening our business portfolio with new
channels, new partners and new customers."
<PAGE>
JUNE 5, 2000
TAB Products Co., a leading document management company, provides efficient
solutions that enable its customers to organize, control and find their
critical documents. TAB leverages its knowledge of paper-based systems with
expertise in the emerging digital document management technologies.
THIS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO RISKS
AND UNCERTAINTIES, INCLUDING BUT NOT LIMITED TO VOLATILITY OF STOCK MARKET
PRICES DUE TO MARKET CONDITIONS, COMPETITION AND OTHER RISKS DETAILED FROM
TIME TO TIME IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION. ALL PARTIES RECEIVING THIS RELEASE ARE ENCOURAGED TO REVIEW ALL
FILINGS MADE BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION.
# # #
Page 2
