Colorep Inc. Completes Acquisition of Transprint USA

RANCHO CUCAMONGA, Calif., Jan. 8 /PRNewswire/ -- Colorep Inc. ("Colorep"),
a leader in sustainable subsurface printing and dyeing technology, announced
today that it has completed the acquisition of Transprint USA Inc.
("Transprint"), a privately-held employee owned company founded in 1978, with
its headquarters and manufacturing facilities in Harrisonburg, VA and design
studios and showrooms in New York City and Charlotte, NC. Transprint offers
printing products and design services worldwide for the apparel, commercial
and residential furnishings markets.
"We are very excited that we have fully satisfied all of the conditions
necessary to complete this transaction. Colorep's proprietary printing and
dying technologies for decorating consumer products will provide Transprint
with exciting new products and services to offer to their customers," said
Larry Levy, Chief Executive Officer of Colorep. "Transprint's reputation as a
leading manufacturer of transfer paper and textile designs, and their
historical success in bringing innovative dye sublimation transfer printing
technology and world class color management capabilities to customers around
the world, provides Colorep with an opportunity to accelerate plans to
introduce our proprietary sustainable technology to these large global
markets."
Added Levy, "The strategic fit between our companies will enable us to
provide environmentally friendly, differentiated products and manufacturing
solutions to current and new customers for both companies."
"Transprint has a reputation for excellence in color management and print
production. We have been providing our customers with high quality design and
print products for thirty years and are excited about teaming up with Colorep
to continue bringing innovative new products to market," said William Boyd,
President and Chief Executive Officer of Transprint USA. "Our manufacturing
expertise and extensive design library combined with Colorep's AirDye(TM),
P3(TM) and application specific solutions provide substantial business
opportunities for our companies and customers alike."
About Colorep, Inc.
Colorep, Inc. (http://www.colorep.com) is a leader in subsurface printing
and fabric dyeing technologies, providing products and services to the
promotion, apparel, commercial furnishings and home decor markets. The Company
provides these services to companies through BetaColor LLC, its printing
applications division and through the licensing of its technology to
manufacturers in these addressable markets. The Company's technology
encompasses a range of advances in the coloration and decoration of fabrics,
vinyl, plastics, and coated metals. Its AirDye(TM) technology introduces
coloration of fabric without negative environmental impacts.
About Transprint USA, Inc.
Transprint USA (http://www.transprintusa.com) is a leading supplier of
transfer-printing paper for decorating Polyester, Polyester rich substrates
and certain other synthetic materials. With a design library of over 12,000
designs, Transprint is a leader in design choice and innovation. The
Company's products include Transwide(TM), a patented, exclusive product
providing transfer-printing paper up to 126" (320cms) and Transeeze(TM), a
release paper product for the printing of vinyl and other plastics.
Transprint USA supplies its worldwide customer base through a direct sales
force and agents located in a number of foreign countries.
Forward-Looking Statements Disclaimer
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking information made on the Company's behalf in this
Press Release. All statements, other than statements of historical facts
which address the Company's expectations of sources of capital or which
express the Company's expectation for the future with respect to financial
performance or operating strategies, can be identified as forward-looking
statements. Such statements made by the Company are based on knowledge of the
environment in which it operates, but because of the factors previously
listed, as well as other factors beyond the control of the Company, actual
results may differ materially from the expectations expressed in the
forward-looking statements.
This press release may include statements that constitutes "forward
looking" statements, usually containing the word "believe", "estimate",
"project", "expect" or similar expressions. Forward looking statements
inherently involve risks and uncertainties that could cause actual results to
differ materially from the forward looking statements. Factors that would
cause or contribute to such differences include, but are not limited to,
continued acceptance of the company's products and services in the
marketplace, competitive factors, changes in regulatory environments and other
risks detailed in the company's periodic report filings with the securities
and exchange commission. By making these forward looking statements, the
company undertakes no obligation to update these statements for revisions or
changes.
SOURCE Colorep Inc.

Paul Raybin, VP of Business Development & Sustainable Strategies of Colorep
Inc., +1-909-484-2855, p.raybin@colorep.com