IKON Office Solutions Announces Contract with E&I Cooperative Purchasing

Business Wire, Sept 24, 2007

MALVERN, Pa. -- IKON Office Solutions (NYSE:IKN), the world's largest independent channel for document management systems and services, today announced that it has entered into an agreement with E&I Cooperative Purchasing, the nation's largest buying cooperative for higher education, to provide document management solutions and services to its members - more than 1,500 tax-exempt colleges, universities, prep schools, hospitals, medical research institutions and hospital purchasing organizations located throughout the United States.

Under the terms of the agreement, E&I members in the United States now have access to contracted pricing on IKON document management solutions and services, including IKON's full portfolio of Canon products, which includes copiers, printers, color systems, scanners and fax machines. In addition, E&I members can utilize IKON's Professional Services and its team of analysts to assess their document workflow and provide a blueprint for improving efficiency and managing costs.

"For more than 70 years, E&I Cooperative Purchasing has been providing procurement support for its members. We're pleased that E&I has selected IKON as a provider for document management solutions for its members, and we look forward to working with their entire membership of educational institutions," said Brian Edwards, Senior Vice President, U.S. Sales and Services, IKON Office Solutions. "We'll be able to deliver state-of-the-art digital printing and copying equipment from Canon, along with comprehensive document management solutions and service and support provided by our more than 6,000 locally based technical service and support professionals."

"As the world's largest independent distributor of document management systems and services, IKON is an exciting addition to the Cooperative's competitively awarded contract portfolio," said Tom Fitzgerald, CEO, E&I Cooperative Purchasing. "Featuring contract pricing and benefits, including a full suite of specialized services, we believe this contract will deliver incredible value to our membership."

E&I members will be able to take advantage of many benefits of this contract with IKON, including:

* Pricing - E&I members will receive contract pricing from IKON on its entire portfolio of Canon products, including copiers and multifunction printers, color systems, scanners and fax machines.

* Purchase Options - Members can choose between outright purchases, leasing and cost per copy options, with additional savings achieved from a multi-tiered pricing structure based on volume.

* Industry Leading Experience - Members gain the consultative expertise that IKON brings to every phase of the document lifecycle - from input to archive - by first understanding customer needs, then applying the appropriate hardware, software and services to implement a streamlined document workflow.

About E&I

As the nation's largest buying cooperative for higher education, E&I Cooperative Purchasing uses the combined buying power of more than 1,500 colleges, universities, prep schools, K-12 schools and other educationally focused institutions to deliver lower costs on a range of competitively solicited and negotiated contracts from national and regional suppliers across the U.S. Established in 1934 by members of the National Association of Educational Procurement (NAEP), E&I meets the needs of its members by continually pursuing high-quality supplier contracts and developing new initiatives in the areas of strategic sourcing, compliance, e-commerce, supplier diversity and competitive bidding. E&I's competitive RFP process is validated by the National Institute of Governmental Purchasing (NIGP) as meeting generally accepted procurement standards across the nation. For more information, please go to: www.eandi.org.

About IKON

IKON Office Solutions, Inc. (www.ikon.com) is the world's largest independent channel for document management systems and services, enabling customers worldwide to improve document workflow and increase efficiency. IKON integrates best-in-class copiers, printers and MFP technologies from leading manufacturers, such as Canon, Ricoh, Konica Minolta, Kyocera Mita and HP, and document management software and systems from companies like Captaris, Kofax, EFI, eCopy and others, to deliver tailored, high-value solutions implemented and supported by its global services organization - IKON Enterprise Services. With fiscal year 2006 revenue of $4.2 billion, IKON has approximately 25,000 employees in over 400 locations throughout North America and Western Europe.

IKON Office Solutions(R) and IKON: Document Efficiency at Work(R) are trademarks of IKON Office Solutions, Inc. All other trademarks are the property of their respective owners.

GIKN