(Printcafe Software Inc.)

Print Action, Jun 2003

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PRINTCAFE SOFTWARE INC. announced revenues of US$9.4 million for its first quarter ended March 31, 2003, a 20 per cent decrease from the US$11.7 million of revenue recorded in the first quarter of 2002. "We saw a sharp disruption in cur sales during the first two months of the quarter, which we believe was primarily related to confusion surrounding the pending acquisition that was announced earlier in the quarter as well as overall economic conditions," said Marc Olin, Printcafe chairman and CEO. "However, conditions improved in March and we are hopeful that we will return to prior revenue levels later in the year."