HP Makes Strategic Investment in Mimeo.com to Offer Enhanced Printing E-services to Customers

Business Wire, Feb 7, 2000

Business Editors/High Tech Writers

PALO ALTO, Calif., and NEW YORK--(BUSINESS WIRE)--Feb. 7, 2000

Hewlett-Packard Company and Mimeo.com today announced the formation of a strategic alliance to provide a convenient and highly reliable Internet-based printing and document-production service. The alliance will expand the printing e-services available to HP customers. HP made a significant financial investment in Mimeo.com and will position Mimeo.com as a preferred e-services provider of distributed printing.

For example, Mimeo.com software will be pre-loaded on selected HP PCs and notebook PCs, and distributed with HP printing and imaging products.

&uot;HP knows more about business printing than any other company in the world,&uot; said Jeff Stewart, chief executive officer of Mimeo.com. &uot;Together, HP and Mimeo.com plan to bring the advantages of Mimeo.com's Internet-based printing service to top corporate customers throughout the United States. This relationship combines Mimeo.com's premier services, which help professionals produce important, finished, business documents and presentations, with HP's reputation as a global leader in printing and imaging.&uot;

Mimeo.com is the only Internet-based printing service that ensures quality production and overnight delivery of business documents from a secure central production facility. HP customers will be able to select Mimeo.com from the print-option menu on their computers or PDAs and instantly connect to the Mimeo.com service, through which any document can be printed and bound by Mimeo.com's production team and delivered overnight via FedEx.

&uot;We believe that Mimeo.com provides knowledge workers with a compelling Web-based alternative to conventional document production and distribution processes,&uot; said Carolyn Ticknor, president of HP's Imaging and Printing Systems. &uot;This relationship will reduce our customers' reliance on copiers and copy centers and help them take full advantage of the Internet as a business tool. The addition of Mimeo.com to the HP Managed Print Services offering is an excellent example of how HP is focused on making the Internet work for our customers.&uot;

Kriss Kirchhoff, general manager of HP's Digital Workplace Services Division, serves as the HP representative on the Mimeo.com board of directors. &uot;The investment and strategic relationship with Mimeo.com came only after extensive analysis of the market potential and competitive landscape,&uot; said Kirchhoff. &uot;To make sure that Mimeo.com is able to fully leverage the infrastructure and resources of HP, we have assigned a full-time senior manager to the Mimeo.com relationship. Both HP and Mimeo.com will benefit from technology and development exchanges enabled by this relationship.&uot;

HP and Mimeo.com are exploring additional opportunities to jointly develop new products and services to enhance the experience and productivity of Internet-based printing solutions.

About Mimeo.com

Mimeo.com's Internet-based printing service brings the power of a state-of-the-art digital document production center to the fast-moving individual. Mimeo.com, the world's most complete and dependable way to produce important business documents and presentations, enhances the productivity of business professionals, executives and administrators by placing the highest quality available digital black and white and color document production, binding and overnight delivery at their fingertips, from anywhere in the world. Mimeo.com's easy to use proprietary software is available free online at www.mimeo.com. Mimeo.com customers are able to use their own workstations to create and accurately view documents and then manage their document production in a secure, dependable and convenient Internet environment.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services for business and home -- is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services.

HP plans to launch Agilent Technologies as an independent company by mid-calendar 2000. Agilent consists of HP's test and measurement, semiconductor products, chemical analysis and healthcare solutions businesses, and has leading positions in multiple market segments.

HP has 83,200 employees worldwide and had total revenue from continuing operations of $42.4 billion in its 1999 fiscal year. Information about HP, its products and the company's Year 2000 program can be found on the World Wide Web at http://www.hp.com.