We're excited about the prospects this strategic alliance brings for customers in key growth areas of the country, and are looking forward to partnering with a company with a strong and long-standing reputation.
Ramsey, N.J., and St. Petersburg, Fla. (Vocus) November 19, 2007
Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leading provider of advanced imaging and networking technologies from the desktop to the print shop, and Danka Business Systems PLC (Nasdaq:DANKY), one of the largest independent suppliers of office imaging solutions in the United States, today announced the companies have signed a strategic relationship agreement enabling Danka to distribute Konica Minolta products in the United States.
Under the terms of the agreement, Konica Minolta will market its complete line of bizhub™ color printers and network-ready multifunctional products (MFPs - print, copy, fax, and scan all in one system), and network printers, in select Danka markets beginning in early 2008.
"Konica Minolta's partnership with Danka is evidence of expanding strategic digital imaging sales opportunities in our channel, and further penetrating the color and production print markets," said Steve Jones, executive vice president, U.S. Dealer Sales, Konica Minolta Business Solutions U.S.A., Inc. "We're excited about the prospects this strategic alliance brings for customers in key growth areas of the country, and are looking forward to partnering with a company with a strong and long-standing reputation."
"We are delighted to have this opportunity to partner with Konica Minolta," said A.D. Frazier, chairman and chief executive officer of Danka. "They are a major player in the office imaging solutions marketplace thanks to their cutting-edge technology. This association not only demonstrates confidence in Danka's ability to replicate its successful sales and distribution system for their products, it recognizes Danka's leadership in service and business re-engineering, particularly in the enterprise market segment."
About Konica Minolta Business Solutions U.S.A.
Konica Minolta Business Solutions U.S.A. Inc. (http://www.kmbs.konicaminolta.us), a leader in advanced imaging and networking technologies for the desktop to the print shop, brings together unparalleled advances in security, print quality and network integration via its award-winning line of bizhubTM multifunction products (MFPs); bizhub PROTM production printing systems; magicolor® desktop color laser printers and all-in-ones; and pageproTM monochrome desktop laser printers and all-in-ones. Konica Minolta also offers advanced software solutions, wide-format printers, microform digital imaging systems, and scanning systems for specialized applications.
Headquartered in Ramsey, NJ, Konica Minolta delivers expert professional services and client support through an extensive network of direct sales offices, authorized dealers, resellers and distribution partners in the United States, Canada, Mexico, Central America and South America.
About Danka Business Systems PLC
Danka delivers value to clients by using its expert technical and professional services to implement effective document information solutions. As one of the largest independent providers of enterprise imaging systems and services, the Company enables choice, convenience, and continuity. Danka's vision is to empower customers to benefit fully from the convergence of image and document technologies in a connected environment. This approach will strengthen the Company's client relationships and expand its strategic value. For more information, visit Danka at http://www.danka.com.
Konica Minolta Corporate Contact:
Konica Minolta Business Solutions U.S.A., Inc.
Konica Minolta Media Contact:
Lois Paul and Partners
Danka Business Systems Corporate Contact:
Danka Business Systems, PLC
Danka Business Systems Media Contact:
Robert E. Swadosh
The Dilenschneider Group
+1 212.922.0900, ext. 132
Konica Minolta is a trademark of Konica Minolta Holdings, Inc. bizhub is a trademark of Konica Minolta Business Technologies, Inc. All other trademarks mentioned in this document are the property of their respective owners.
Certain statements contained in this press release, including statements related to Danka's future business and financial performance, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date they are made. Danka is a registered trademark. All other trademarks are the property of their respective owners.
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