Global Imaging Systems Acquires Saxon Business Systems

Business Wire, May 29, 2008

TAMPA, Fla. -- Global Imaging Systems, a Xerox company (NYSE: XRX), has acquired Saxon Business Systems of Miami Lakes, Fla.

An office equipment supplier in Florida since 1982, Saxon has offices in Jacksonville, Orlando, Melbourne and Delray Beach, in addition to Miami Lakes. Saxon is positioned to immediately begin offering Xerox's full range of office printing products.

"Saxon Business Systems' attention to customer relations made it a great fit for Global," said Michael Shea, president and CEO of Global Imaging. "With this acquisition, Global gains an experienced partner who has an eye for creating customer solutions."

Saxon co-owners Florio Abbate and George Cavallaro will continue leading Saxon Business Systems as president and executive vice president, respectively, with Abbate reporting directly to Shea.

"After 25 years of steady growth in this market, this is a logical progression for our business," said Abbate. "To be aligned with Global and Xerox is as much an opportunity for Saxon, as it is for our customers."

The acquisition continues Global's development of a national network of office technology suppliers to serve its ever-expanding base of small and mid-size businesses. It also strengthens Global's presence in Florida, where it currently operates corporate headquarters, as well as a branch office of Southern Business Communications.

About Global Imaging Systems

Global Imaging Systems is made up of regional core companies in the U.S. that sell and service document management systems such as printers, copiers and multifunction devices; network integration services; and electronic presentation systems. As an office technology dealer, Global sells products from various suppliers including Xerox, Sharp and Konica Minolta. Xerox acquired Global Imaging in 2007 and operates it as a wholly owned subsidiary within Xerox's North American operations.

Note: Xerox[R], the Xerox wordmark and the spherical connection symbol are trademarks of Xerox Corporation in the United States and/or other countries.