Toshiba Forms New Company to Advance U.S. Office Products Business

Business Wire, Oct 4, 1999

IRVINE, Calif.--(BUSINESS WIRE)--Oct. 3, 1999--

Newly Created Toshiba America Business Solutions To

Integrate All Digital Copier- And Fax-Related Operations

A new U.S.-based company, Toshiba America Business Solutions (TABS), has been created by Toshiba Corporation to capitalize on the trend in the office products market toward digital convergence of image processing technologies used in copiers, facsimiles and printers.

The four divisions that will comprise TABS, previously part of Toshiba America Information Systems (TAIS), include the Electronic Imaging Division, which manufactures and distributes plain-paper copiers and facsimile products throughout the United States, Latin America and the Caribbean; Toner Products Division, which manufactures/distributes toner products throughout North and South America, Europe, Japan, Singapore and Australia; Document Solutions Engineering, a digital controller research and development organization serving the U.S., Central America, South America and the Caribbean, and a wholly owned subsidiary, TOPAC, which operates a network of U.S. copier/fax dealers. TABS is majority-owned by Toshiba America, Inc., with a minority ownership interest held by Toshiba TEC Corporation, which has been majority-owned by Toshiba Corp. since January 1, 1999.

"Toshiba America Business Solutions (TABS) has been established to take full advantage of the growth opportunities available in the digital and color market. The synergy of the company's office products-related business will promote efficiency and enable us to increase competitiveness in product development, manufacturing and sales," said newly named TABS President Dennis Eversole. "This new organization is devoted to providing its dealers, and, ultimately, end-users, with innovative and quality products in today's rapidly changing environment."

With the industry rapidly undergoing a transition from analog to digital technology that is fast promoting the convergence of printers and scanners with previously standalone devices like copiers and facsimiles, the creation of TABS will enable Toshiba to take full advantage of the trend in office product solutions with networking capabilities. The business integration also will contribute to streamlined operations and a better deployment of resources.

In the more than 30 years since it entered the copier business, Toshiba has established a reputation for highly reliable, high-performance products. And now the company hopes to build on this with its digital copier, fax and integrated systems' products.

Headquartered in Irvine, California, with annual sales in excess of half a billion dollars, TABS comprises three divisions which manufacture and market business and information-oriented products in the United States and Latin America: the Electronic Imaging Division, Toner Products Division, Document Solutions Engineering Division, and a wholly owned subsidiary, TOPAC, which operates a network of copier/fax dealers. Products include plain-paper copiers, facsimile products, toner products and network controllers.

TABS is an independent operating company of Toshiba Corp., the sixth largest electronics/electrical equipment company, and the world's 48th largest corporation in terms of sales. Toshiba Corporation is a world leader in high-technology products with over 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 1998 was $44 billion.

Toshiba America Business Solutions, Inc.
----------------------------------------

Officers
President                                   Dennis Eversole
VP, Administration                          Hitomi Nishinaka
VP, General Counsel & Secretary             Matthew Thullen
VP, Corporate Controller                    Neil Wiles
VP, GM, Design Solutions Engineering        Naoshi Obara
VP, GM, Electronic Imaging Division         Richard Taylor
VP, GM, Toner Products Division             Tsuyoshi Ueno


Headquarters
------------

Mailing Address
2 Musick
Irvine, CA 92618-1631
Tel               949-462-6000
Fax               949-462-2900
Web Site www.toshiba.com


Major TABS Products
-------------------

Facsimile Systems
Multi Functional Digital Copiers
Toner/Developer for Plain Paper Copier/Facsimiles


Divisions
---------

Electronic Imaging Division (EID)
Eastern Region
959 Route 46 East, 5th Floor       Tel      973-316-2700
Parsippany, NJ 07054               Fax      973-263-2393

Western Region
142 Technology, Ste. 150           Tel      949-462-6262
Irvine, CA 92618                   Fax      949-462-2700

Central Region - (service only)
8300 Esters Boulevard, Suite 930   Tel      972-621-0068
Irving, TX 75063                   Fax      972-621-0085

Midwest Region
8770 W. Bryn Mawr Ave.
Suite 700                          Tel      773-380-6000
Chicago, IL 60631                  Fax      773-380-8689

Southern Region
5335 Triangle Parkway, Suite 310   Tel      770-209-8540
Norcross, GA 30092                 Fax      770-209-8556


Customer Assistance Telephone Numbers
-------------------------------------

Copiers
                  Eastern          973-316-2700
                  Central          972-621-0068
                  Southern         770-209-8540
                  Western          949-462-6000
                  Midwest          773-380-6000

Facsimile Products
                  All Regions      800-950-4373


Design Solutions Engineering
----------------------------

2 Musick
Irvine, CA 92618-1631


Toner Products Division (TPD)
-----------------------------

901 North Foster Street            Tel      605-996-7731
Mitchell, SD 57301                 Fax      605-995-2039


Memphis Distribution Center
---------------------------

4750 Pleasant Hill Drive           Tel      901-369-0000
Memphis, TN 38118                  Fax      901-369-0026


TABS Subsidiaries
-----------------

Topac U.S.A., Inc.
Officers
CEO                                Dennis Eversole
VP, GM                             Denise Hards


Mailing Address
---------------

2 Musick
Irvine, CA 92618-1631
Tel      949-462-6000
Fax      949-462-2900