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CIMG Anounces 100% Increase in Earnings and Revenue Time:9:34:17 PM

From: rsi
Subject: CIMG Anounces 100% Increase in Earnings and Revenue Time:9:34:17 PM
Date: Thu, 7 Feb 2002 21:34:17

 This print-on-demand ("POD") capability is the elusive breakthrough in 
printing that has been anticipated for years, replacing offset printing methods 
that are antiquated and have not changed materially since Gutenberg invented 
the press. 
COLOR IMAGING (OTC:"CIMG")  is comprised of two wholly owned subsidiaries: 
The Company, through COLOR, manufacturers consumable products, notably toners, 
for use in numerous digital printers and copiers; and by way of IMAGING, 
supplies digital printing systems and software for commercial offset printers. 
The Company has experienced a 45% increase in orders for its products.
COLOR, formed in 1987, develops and manufactures products used in electronic 
printing, and specializes in text, color and MICR toners and manufactures these 
products in a 3-shift, 24-hour-per-day production cycle. COLOR is continually 
expanded its product of commercial toners, this development program has led to 
more than 150 different toner formulations, including the black text, full 
process color and MICR toner requirements for printers manufactured by 
Brothers, Canon, Epson, HP, IBM, Kyocera, Lexmark, Mita, Okidata, Sharp and 
The Company's revenues for FY 1999 and 2000, were $11.2 and $21.2 million 
respectively, with $33 million forecast for FY 2001
COLOR'S manufacturing and support operations tripled its size during FY 2000. 
The new manufacturing facility, with more than $12 million of capital 
equipment, employs a development team of over 30 engineers, physicists, 
programmers and chemists, and a support staff of more than 50 technicians. 
Production is a fully integrated process - from raw ingredients to bottling or 
bagging the finished product. COLOR'S products originate in the research and 
development labs, not in the toner factory. The initial step begins in a 
formulation lab, followed by a pilot manufacturing run in a high-tech, 
miniature version of the toner production plant. Finally, the toner is 
submitted to a thorough evaluation in the test lab over an exhaustive range of 
conditions ensuring perfect quality and the product is turned over to 
IMAGING, founded in 1993, has continually focused on developing digital 
printing technologies for the commercial offset printing industry. The initial 
product, CREATE!TM, is a set of software programs specifically designed to 
allow the user or graphic artist to create any type of document and control the 
production process on an offset web press.  CREATE!TM accomplishes all imaging 
functions in a WindowsTM NT environment, enabling the user to create, edit, 
store, distribute, proof and download any document in an industry-standard 
IMAGING'S DIGITALCOLORPRESSTM, incorporating the latest microprocessor 
technology, provides digital imaging, color and high print resolution, and the 
fastest digital production rates obtainable. Initial systems, printing only in 
black, are installed on over fifth offset presses in full production 
environments, and were designed to allow a simple upgrade path to color 
printing. Development and support facilities are located in Santa Ana, 
COLOR IMAGING'S objective of revolutionizing the $360 billion worldwide 
printing industry will be significantly advanced with the imminent delivery of 
the DIGITALCOLORPRESS. This new technology will create untold applications and 
new and diverse markets by providing digital connectivity and computer 
controlled high-speed production printing, replacing laborious "make-ready" 
press setup processes by eliminating the need for printing plates and the 
mixing and supplying of inks. The DIGITALCOLORPRESS will transform commercial 
offset printing by significantly reducing both setup and operating costs and 
will enable any type of variable image or data to be printed digitally in color 
and on demand, each page with totally different content, and no job length 
restrictions - 50 or 5 million pages. 
COLOR IMAGING also expects to become the world's largest independent 
manufacturer of imaging products by 2003, and currently produces toner for over 
150 different models of printers and copiers in a 14-acre, state-of-the-art, 
manufacturing facility located in suburban Atlanta, GA. The introduction of the 
DIGITALCOLORPRESS will further enhance the Company's consumable product 
offering by create a "razor and razor blade" business model, as each 
DIGITALCOLORPRESS installation could require 1,000 pounds of toner per month


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