COPPELL, Texas---Jan. 4, 2000--TST/Impreso, Inc. (Nasdaq National Market: ``TSTI''), a leading manufacturer and distributor of paper and film hard copy imaging products for commercial and home office applications, today announced that it plans to build a 50,000 square-foot building adjacent to its existing 60,000 square-foot production facility in West Virginia.
On November 22, 1999, the Company entered into a loan agreement with One Valley Bank-East, N.A. to co-fund the construction of the new building and refinance the mortgage on the existing facility in West Virginia. On December 30, 1999, the Company entered into an agreement with the West Virginia Economic Development Association on the same project. The new building will be used primarily to store inventories which are currently stored at a public warehouse location.
``We expect our sales to increase substantially during the early years of the 21st Century, and the new facility will allow us to serve customers in the Eastern United States in a more timely and cost-effective manner,'' noted Marshall Sorokwasz, Chief Executive Officer of TST/Impreso, Inc. ``Our Company has significantly broadened its product lines during the past two years, and our sales growth is being driven by demand for branded and specialty paper products, along with the addition of new customers. Sales increased 17.5% to $59.6 million in the fiscal year ended August 31, 1999, and we expect growth to accelerate in the current fiscal year.''
TST/Impreso, Inc. is a manufacturer and distributor of hard copy imaging products for commercial and home use in domestic and international markets. The Company also owns and manages HotSheet.com, a single-page, online Internet directory with categorized links to premier web destinations. Headquartered in Coppell, Texas (Dallas/Ft. Worth metroplex), TST/Impreso operates three manufacturing plants and distributes its products through 47 warehouse locations. The Company's website domains are www.hotsheet.com, www.impreso.com, www.shopsheet.com, and www.tstimpreso.com.
The common stock of TST/Impreso, Inc. is traded on Nasdaq's National Market System under the symbol ``TSTI''.
This press release may include statements that constitute ``forward-looking'' statements, usually containing the words ``believe'', ``estimate'', ``project'', ``expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 in the marketplace, competitive factors, new products and technological changes, paper prices and raw material costs, dependence upon third-party vendors, 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 after the date of this release.
TST/Impreso, Inc.
Marshall Sorokwasz, 972/462-0100, ext. 103
or
RJ Falkner and Company
R. Jerry Falkner, CFA, Investor Relations Counsel
800/377-9893
www.rjfalkner.com