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Staples, Inc. Wins CIO-100 Award
WESTBOROUGH, Mass. -- Aug. 18, 1998--Staples, Inc. is a CIO-100 winner, according to CIO -- the magazine for information executives. The 1998 CIO-100 winners have excelled at "value chain management," the theme of this year's awards program. The value chain is the sequence of activities a company carries out to create products/services and generate revenue. Managing the value chain involves building and maintaining strong relationships with the constituents who complete the value chain---suppliers, customers, vendors, outsourcers, partners and even competitors. The CIO-100 winners have flourished in forging solid bonds with these business constituents.

Selection of winners was based on a ballot vote; members of the CIO editorial staff examined Fortune's top 700 US-based companies and selected 400 candidates equally divided between four industries: finance, retail, manufacturing, and service/other. A team of twenty-eight industry experts consisting of academicians, consultants, and analysts reviewed the candidates. The experts were allowed to nominate additional CIO-100 candidates---provided the recommended companies were within Fortune's top 1000. One hundred companies emerged as CIO-100 winners, worthy of emulation by the entire business community.

According to CIO editor in chief Abbie Lundberg, "The winners know the value of building and strengthening relationships with suppliers, partners and customers through technology. These progressive companies serve as a benchmark to other enterprising organizations."

Brian Light, chief information officer of Staples, Inc. stated, "Improving supply chain performance is critical to helping our customers slash the cost and hassle of running their offices. The success we have enjoyed by integrating the supply chain is representative of the value our I.S. organization is delivering."

Technology is irrevocably changing the way companies do business. Established in August 1988, the CIO-100 honorees represent the culmination of operational and strategic excellence. Complete coverage of the 1998 CIO-100 Awards is featured in the August 15th issue of CIO and at www.cio.com.

Staples, Inc. is a $5 billion retailer of office supplies, furniture and technology to consumers and businesses from home-based businesses to Fortune 50 companies in the United States, Canada, the United Kingdom and Germany. Staples, headquartered outside Boston, Mass., invented the office superstore concept and today is the largest operator of office superstores in the world. The company, which has grown earnings per share at a 40% compound rate over the last five years, has 30,000 employees serving the business customer through over 800 office superstores, mail order catalogs and a contract business. Staples on the internet: www.staples.com.

CIO Communications, Inc. was formed in 1987 to help CIOs, IT executives and other senior management executives succeed in their enterprises through the use of information technology. The company publishes CIO magazine, produces the award-winning www.cio.com Web site, and develops and produces CIO Executive Programs---a series of conferences that provide educational and networking opportunities for corporate and government executives who want to expand their knowledge of technology, business management issues and innovative products and services.

CIO Communications is a subsidiary of IDG, the world's leading IT media, research and exposition company. IDG publishes more that 285 computer magazines and newspapers and 500 book titles and offers the largest network of technology and specific sites around the world, located at www.idg.net, which comprises more than 210 target Web sites in 52 countries. IDG is also a leading producer of 110 computer-related expositions worldwide. Company information is available at www.idg.com.


     CONTACT: Jean Papagni
              508.370.8727
              jean.papagni@staples.com
                or
              Karen Fogerty
              508.935.4091
              fogerty@cio.com