printChannel.com' (TM) Announces Results for First Quarter of 2002

printChannel.com (TM), the leading vendor of Web-based print procurement solutions, outperformed revised financial targets for the first quarter of 2002. For Q1, the company was +4 percent in revenue, and 8 percent below target in projected expenses.

For Immediate Release             

See us at IPEX 2002 Stand 487, Hall 5
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Contacts:
Oliver Pflug                  
printChannel.com               
Tel: 415-575-3288   
oliver.pflug@printChannel.com   

Joanne Rotondo
JVR Communications
Tel: 401-438-9620
joanne@jvrpr.com

printChannel.com' Announces Results for First Quarter of 2002

Company Exceeds Revised Financial Targets,
Sets All-time High in Transaction Processing

SAN FRANCISCO, CA, April 3, 2002-printChannel.com', the leading vendor of Web-based print procurement solutions, outperformed revised financial targets for the first quarter of 2002. For Q1, the company was +4 percent in revenue, and 8 percent below target in projected expenses. In addition, the company reported its cash position at the end of the quarter was 11 percent above target, and net profit was 10 percent above target.

"I am very pleased with our first quarter financial performance, and with the results from tough structural changes we implemented in February," states Oliver Pflug, CEO of printChannel.com. "Our business continues to grow, and we have positioned the company on more solid ground financially," he added. "I am particularly pleased with the progress in our UK sales and support operation, which achieved cash flow break-even last quarter. We have had zero staff turnover since the reorganization in February, our print i/o development and launch plans are on track, and we are working on several new initiatives for existing and future printChannel customers. It is a testimony to the printChannel spirit and vision for Internet enabled commercial print to see our employees rise to the occasion and to observe the newly-found energy, dedication and focus among all of our teams."

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printChannel First Quarter 02 Results
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About printChannel.com
printChannel.com does not broker printing and has a policy of not selling to end-user corporations directly. printChannel is a scalable, user configurable online print procurement solution that lets print vendors offer to corporate customers a wide range of procurement services for variable data, catalog and first-time print over the Internet . It is the leading vendor of Web-based print procurement solutions provider to manufacturers, distributors, and brokers of commercial print. printChannel.com was founded in March 1998 and is headquartered in San Francisco, California, with offices in the US and Europe. The printChannel system is currently in place in over 150 commercial printing organizations globally. printChannel.com customers have over 1,000 corporate production implementations live.

For more information about printChannel.com and its online print processing solution, contact printChannel.com, 1069 Howard Street, San Francisco, CA 94103. Telephone: 415.575.3266. Fax: 415-575-3293. e-mail: info@printchannel.com. Web site: http://www.printChannel.com.

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