|Staples.com Takes Equity Stake in NowDocs; Companies Expand Partnership to Serve Small Business Digital Printing Needs|
FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 31, 2000--Staples.com today announced it has made a 10 percent equity investment in current business services partner NowDocs(TM), Inc. and that the companies are expanding the scope of their relationship to better serve the digital printing needs of small business.
"NowDocs(TM) is revolutionizing the business of time-definite, digital printing and delivery, and small businesses need dependable, reliable services in this area," said Jeff Levitan, executive vice president for Staples.com. "We're taking the best of both companies to develop an innovative digital printing service that really sizzles and helps our customers save time and money."
"We look at Staples as an innovative leader in the SOHO and SMB markets," said Brad Adamske, president and CEO for NowDocs. "The company's strategic investment validates our business model and demonstrates real commitment to our expanding relationship."
As part of the agreement, NowDocs will leverage Staples' network of four national production hubs, 15 regional production center hubs and Copy Centers in its more than 900 U.S. retail stores, for its digital printing production needs. In addition, Staples will employ NowDocs' distributive technologies, courier service and customer service for Staples Copy Center work.
NowDocs lets customers send professionally printed and packaged materials with just a few clicks. Key features of this new service include:
-- Same-day delivery--locally, nationally and globally in as little as two hours;
-- Brower-based access--any time, anywhere customers can hookup to the Internet and view a screen, no special software needed;
-- On-screen proofing--patent-pending print-preview technology helps catch errors and ensures the document will be printed as expected;
-- Extended deadlines--ability to submit documents for next-day delivery, hours after conventional shipper cut-offs;
-- Virtual filing-personal and corporate filing cabinets provide convenience and security for frequently sent documents, such as contracts or marketing literature, stored on the site and accessible from anywhere; address books store contact address and eliminate the need to re-enter recipient information;
-- One-to-many/many-to-many send off capability--customers can send one document to multiple recipients or many documents to multiple recipients; and
-- Address list upload--new Express Address utility lets customers upload thousands of addresses from Act(R), Outlook(R) and Palm(R) directly from their personal computers.
Utilizing NowDocs technology, Staples is the first office supply and printing company to offer its customers the revolutionary benefits of time-definite, distributive, print and delivery service worldwide.
NowDocs.com, (TM) Inc. (www.nowdocs.com), which was recently awarded Forbes "Best of Web 2000" and CIO Magazine's 2000 Web Business 50/50 award, provides corporations, business professionals on-the-road, and the SOHO (small office/home office) market with the ability to upload files for virtual storage, digital printing, binding and a wide choice of delivery options, including its flagship two-hour same-day service. Headquartered in Aliso Viejo (Orange County) California, with its technology hub in Austin, Texas, this privately-owned company currently has 16 print and fulfillment centers strategically located across North America, Europe and Asia. Larger corporate customers are serviced by executive account managers. Customer service is available 24 hours a day, 7 days a week.
Staples.com, a division of Staples Inc. (NASDAQ: SPLS), is an award-winning business-to-business electronic marketplace offering a comprehensive solution for the office needs of business customers. Through Staples.com's network of Web sites, including Staples.com, Quill.com and StaplesLink.com and its Canadian e-commerce sites, small, mid-sized and large businesses can procure office products and business services and obtain business information and expert content.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Staples, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-Q for the most recently ended quarter.
Shannon Lapierre, 508-253-8468 firstname.lastname@example.org or NowDocs.com Greg Jackson, 949-707-2041 email@example.com or Staples.com John Mahoney, 508-253-7928 firstname.lastname@example.org