FOR IMMEDIATE RELEASE SYMBOL: GISX
Wednesday, April 19, 2006 TRADED: Nasdaq
ARIZONA OFFICE TECHNOLOGIES AND CB DOCUMENT SOLUTIONS MERGE TO FORM
THE ARIZONA OFFICE TECHNOLOGIES GROUP
PHOENIX, AZ, Apr. 19— Arizona Office Technologies (AOT) and CB Document Solutions (CBDS), both Arizona-based companies of Global Imaging Systems (NASDAQ: GISX), announced today that they have merged all of their operations in the state under the newly formed Arizona Office Technologies Group. Previously, the companies had been operating as separate, competing entities in both the Phoenix and Tucson markets.
The combined companies will do business as Arizona Office Technologies in the Phoenix market and continue to use the CB Document Solutions brand in the Tucson market. CBDS, founded in Tucson in 1989 and formerly known as the Copier Brothers, has been part of Global since May 2004. AOT has been part of Global since October 2000 and has been the core company of Global’s Southwest Group. Founded in Phoenix in 1986, AOT celebrates its 20th anniversary this year. A third company, CopySystems of Prescott, founded in 1992 and acquired by AOT in November 2004, will also be part of the new group. It continues to operate under its brand name for all of Northern Arizona, including a planned second office in Flagstaff.
Mike McGuirk, president of AOT and the new group, said, “CBDS, like CopySystems, has built a company that is a known and proven business partner in its marketplace. Sharing resources, while maintaining the local touch and local service in each distinct market, is consistent with Global’s philosophy of remaining passionate about our customer’s productivity.”
Tom Metzler, who has been the acting president of CBDS, said, “This move increases our leadership position in the state and fits well with our company-wide effort to service all key markets in Arizona.” Mr. Metzler will continue to oversee the new Arizona group in his role as president of West Coast Operations for Global Imaging.
About Global Imaging Systems
Global Imaging Systems, headquartered in Tampa, Fla., offers thousands of middle-market customers a one-stop shop for office technology solutions in 31 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 news release contains forward-looking statements and statements based on forward-looking information, including statements relating to Global’s anticipated future acquisitions. These statements are based on numerous assumptions and are subject to uncertainties and risks, which could cause Global’s results to differ materially. 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.
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FOR FURTHER INFO: Mike McGuirk, President
Arizona Office Technologies
602/346-3000
-or-
Investor Relations Consultants, Inc.
727/781-5577
E-mail: gisx@mindspring.com
