COPPELL, TX--Jan 28, 2004 -- Impreso, Inc., which through its subsidiaries is involved in (1) the manufacture and distribution of paper and film hard copy imaging products for commercial and home office applications and (2) the development of eCommerce initiatives, today reported upon an important development at its Annual Shareholders' Meeting. The meeting was held at the Company's headquarters in Coppell, Texas, at 4:00 p.m. CST, on Tuesday, January 27, 2004. The Company announced that its Board of Directors approved a resolution authorizing the Company's entry into the bottled water business.
"The decline of use of paper as a result of changing technology, which has contributed to consolidation and elimination of producers of raw and finished paper products, convinced management that diversification was key to growth," stated Marshall Sorokwasz, President and Chief Executive Officer. "Our strength in business has always been our distribution network. We needed a growth product that dovetailed into the structure of our operations and relied upon our expertise in manufacturing and a strong distribution network for success. After a thorough investigation, management concluded water was the solution. Bottled water name recognition in office supply is not as important as it is in a retail atmosphere. Selling a quality product at a competitive price point is how we believe we can introduce and compete with the major brands," continued Mr. Sorokwasz.
"We presented to the board at its annual meeting a detailed business plan and the addition of this product to our Company was unanimously approved. Our water plant will have the capacity to produce 240 truckloads a month. We intend to start producing and distributing water nationally, which we believe will start in the month of April," concluded Mr. Sorokwasz.
About Impreso, Inc.
Impreso, Inc. is a holding company for TST/Impreso, Inc. and HotSheet.com, Inc. TST/Impreso, Inc. is a manufacturer and distributor of hard copy imaging products for commercial and home use in domestic and international markets. HotSheet.com, Inc. primarily owns HotSheet.com, a single-page, online Internet directory with categorized links to premier web destinations. The Company's website domains are www.hotsheet.com, www.impreso.com and www.tstimpreso.com.
Impreso, Inc. is headquartered in Coppell, Texas, and its common stock trades on the Nasdaq SmallCap Market under the symbol "ZCOM."
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.
Contact:
Contacts:
Marshall Sorokwasz
(972) 462-0100 (ext. 1103)
Tammy Yahiel
General Counsel
(972) 462-0100 (ext. 1117)
yahiel@tstimpreso.com