TAMPA, Fla., Jan. 26–Global Imaging Systems, Inc. (Nasdaq: GISX) today announced that results for the three months ended December 31, 2005 set third-quarter records for revenues, operating income, net income and earnings per share.

Revenues increased 10.0 percent to $256.8 million from $233.5 million in the third quarter a year ago. Automated office equipment, primarily copiers, continued to post a solid internal revenue growth rate of five percent, as the company has now achieved 30 consecutive quarters of positive internal growth in its copier business with five consecutive quarters of five percent or more internal growth. In the company’s technology business, internal revenue growth was seven percent. The company’s combined internal revenue growth for the third quarter was five percent.

Third quarter operating income grew 9.0 percent to $29.7 million from $27.2 million for the corresponding three months last year. Net income increased 7.8 percent to $16.1 million from net income in the third quarter last year of $14.9 million. Diluted earnings per share were 64 cents versus 59 cents a year ago.

Earnings before interest, taxes, depreciation and amortization (EBITDA) continued its upward trend reaching $34.3 million, an increase of 9.1 percent from $31.4 million for the third quarter a year ago.

For the nine months ended December 31, 2005, revenues were up 12.2 percent to $762.0 million versus $679.1 million, operating income increased 7.6 percent to $84.8 million from $78.8 million, net income was up 8.5 percent to $46.0 million from $42.4 million, and diluted earnings per share were $1.82 versus $1.69 for the corresponding period last year. The year-ago nine months’ results include a $1.7 million first-quarter pretax loss on early extinguishment of debt. Earnings before interest, taxes, depreciation and amortization and loss on early extinguishment of debt (adjusted EBITDA) totaled $98.4 million, up 7.9 percent from $91.2 million for the first three quarters a year ago.

Tom Johnson, chairman and CEO of Global Imaging Systems, said, “Overall, we are very pleased to report another quarter of record performance. Our previous and continuing investments in senior management and training contributed significantly to these results, helping us grow operating margins sequentially from 10.9% in the second quarter to 11.6% in the third quarter.” Mr. Johnson also noted that, “Although we continue to experience higher healthcare costs versus the year-ago periods, we are optimistic that the plan changes we implemented effective January 1 will help us manage our healthcare expenses more cost-effectively.”

Michael Shea, president and COO of Global Imaging Systems, noted, “Third quarter revenues in the most profitable part of the company’s business, service and rentals, were up both sequentially from the second quarter and also from the corresponding three months a year ago. This is a clear indicator that we are making progress growing our installed customer base.”

Mr. Shea added, “Discipline, focus, a commitment to great customer service and sharing of best practices remain the hallmarks of our consistent performance. Our benchmarking model continues to be an effective management tool for guiding both our own and our customers’ productivity improvements.”

Receivables at December 31, 2005 were at 40 days’ sales outstanding. Inventory turns were 5.5 on an annualized basis.

Looking forward, Mr. Johnson said, “Total revenue, including acquisitions to date but not potential additional acquisitions, should grow in the five to seven percent range for our fiscal 2006 fourth quarter. We expect our internal revenue growth to be in the range of four to five percent. For our fiscal 2006 fourth quarter, we expect diluted earnings per share to be in the range of 61 to 65 cents. This would compare with diluted EPS of 57 cents in the corresponding quarter last year.”

The company’s third quarter conference call is scheduled for this morning, January 26, at 10:00 a.m. ET. You may access the call through a live webcast by using the link provided on the company’s Internet home page at www.global-imaging.com . The webcast will be archived and available on the investor relations page of the company’s website.

Global Imaging Systems offers a one-stop shop for office technology solutions to thousands of middle-market customers in 30 states and the District of Columbia. The company provides a broad line of office technology solutions including the sale and service of automated office equipment, network integration services and electronic presentation systems. The company is also a disciplined, profitable consolidator in the highly fragmented office technology solutions industry.

This press release includes presentations of earnings before interest, taxes, depreciation and amortization ("EBITDA") and adjusted EBITDA. Adjusted EBITDA represents EBITDA adjusted for the loss on early extinguishment of debt. EBITDA is a measure commonly used by the capital markets to value enterprises. Interest, taxes, depreciation and amortization can vary significantly between companies due in part to differences in accounting policies, tax strategies, levels of indebtedness and interest rates. Excluding these items provides insight into the underlying results of operations and facilitates comparisons between Global and other companies. EBITDA is also a useful measure of the company’s ability to service debt and is one of the measures used for determining debt covenant compliance. Management believes EBITDA and adjusted EBITDA information is useful to investors for these reasons. Both EBITDA and adjusted EBITDA are non-GAAP financial measures and should not be viewed as an alternative to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure is net income and has provided a reconciliation of EBITDA and adjusted EBITDA to net income in this press release. Click on the following link to view the Consolidated Financial Report

This news release contains forward-looking statements and statements based on forward-looking information, including statements relating to Global’s expected future acquisitions, future revenue growth and future diluted earnings per share. These statements include the words “expect,” “believe,” variations of such words, “we are optimistic” and similar expressions which are intended to identify such forward-looking statements. These statements are based on numerous assumptions and are subject to uncertainties and risks. Actual results could differ materially. Factors that might cause Global’s results to differ materially include risks relating to changes in the overall economy; rising interest rates; Global’s debt and debt service obligations; the challenge of integrating acquired businesses; the need for funding acquisitions; Global’s ability to close acquisitions in a timely and cost-effective manner; the need for skilled employees; rapid technological change in Global’s industry; dependence on suppliers; and high levels of competition. Most of these risks are discussed in more detail under the caption “Risk Factors” in Global’s annual report on Form 10-K for the year ended March 31, 2005.

FOR FURTHER INFO: Tom Johnson, Chairman and CEO, or

Ray Schilling, Executive Vice President and CFO

Global Imaging Systems, Inc.

813/960-5508

-or-

Investor Relations Consultants, Inc.

727/781-5577

E-mail: gisx@mindspring.com