Office Depot Becomes First Retailer to Offer Full Range of Xerox Network Printers

Business Wire, July 13, 2000

Business, Retail & High Tech Editors

WILSONVILLE, Ore.--(BUSINESS WIRE)--July 13, 2000

Award-Winning Phaser(R) 850 Also Displayed on Store Shelves

Xerox Corporation (NYSE: XRX) today announced that Office Depot (NYSE: ODP) will be the first nationwide retailer to offer Xerox network laser and solid ink printers through its 836 retail stores and commercial catalog.

The award-winning Tektronix Phaser 850 solid ink color printer by Xerox, one of Xerox' most popular network printers, will be displayed on Office Depot store shelves. Other available products include Phaser color laser printers and the DocuPrint N Series family of high-speed black and white laser printers.

"This agreement with Office Depot will allow us to bring our superior network solid ink and laser printing technology to an even wider audience," said Gerry Perkel, president, Xerox Office Printing Business. "With our full line of network monochrome and color printers, Xerox offers the most comprehensive printer selection. Now, these products will be even easier for companies to obtain."

"We have found that our customers are looking for printers that take their businesses to a new level of quality and performance," said Steve Embree, executive vice president, merchandising, Office Depot. "Xerox office printing products are superior additions to our offerings and can meet our customers' most demanding business requirements."

All network printers will be available by special order through Office Depot, starting July 16. They will be delivered free to a customer's shipping address within five business days. All consumables will also be available by special order through Office Depot locations. Retail prices for Xerox network printers range from $1,099 to $5,435.

Office Depot already carries a complete line of Xerox products designed for small office/home office customers, including digital copier/printers, inkjet printers and multifunction devices.

About Office Depot

Office Depot, the world's largest seller of office products, operates over 850 office supply superstores in the United States and Canada, in addition to a national business-to-business delivery network supported by 30 delivery centers, more than 60 local sales offices and seven regional call centers. Furthermore, Office Depot owns and operates 27 office supply stores in France and seven stores in Japan; has mail order and delivery operations in 14 countries outside of the United States and Canada; and under joint venture and licensing agreements, has 89 additional stores operating under the Office Depot name in six other foreign countries.

Customer Contact: For details on Xerox network printers, call 800-835-6100 or visit www.xerox.com.

NOTE TO EDITORS: For more information on Office Depot, visit the award-winning U.S. Office Depot brand Internet Web site at www.officedepot.com where customers can access Office Depot's low competitive prices seven days a week, twenty-four hours a day, and it operates Viking brand Web sites at www.vikingop.com in the United States, www.viking-direct.co.uk in the United Kingdom, www.viking.de in Germany and www.vikingdirect.nl. in The Netherlands. Office Depot's common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index.

XEROX(R), The Document Company(R), Phaser(R), and the digital X(R) are trademarks of XEROX CORPORATION. Tektronix(R) is a trademark of Tektronix, Inc. licensed to XEROX.