IBML, IKON sign reseller agreement

Birmingham, Ala. --- Imaging Business Machines, LLC (IBML) has signed an agreement with IKON Office Solutions Inc. for IKON to market IBML's ImageTrac® Scanning Platform.

"IKON has excellent brand recognition with some of the largest organizations in the world," said Robert Sbrissa, IBML senior vice president, sales & marketing. "We believe they will bring this recognition and experience to light for IBML technology and expand our reach into these organizations. There is a natural synergy in a number of key vertical markets such as insurance, banking and financial services, and government."

We are excited about being able to offer IBML products to our customers," said Cathy Lewis, senior vice president, marketing for IKON. "We are seeing increasing demand for equipment that offers heavy duty-cycle performance with high reliability, especially where batches contain a mixture of sizes, colors and paper quality. The ImageTrac scanner cuts down document prep time for mailroom automation or any other high volume application.”

Imaging Business Machines provides intelligent scanning technology for the most demanding document imaging applications, including mixed documents of different weights, sizes and compositions. The company's ImageTrac Scanning Platform consists of the ImageTrac scanners, SoftTrac user interface and professional services. ImageTrac scanners offer front and rear color image capture, multiple image outputs, barcode, 2D barcode, OCR, MICR and multiple sort pockets. Every day, hundreds of ImageTracs capture millions of color and bitonal images for our customers in 23 countries.

IKON Office Solutions ( www.ikon.com ) is a leading provider of products and services that help businesses manage document workflow and increase efficiency. IKON provides customers with total business solutions for every office, production and outsourcing need, including copiers and printers, color solutions, distributed printing, facilities management, and legal document solutions, as well as network integration, connectivity and custom workflow and imaging application development. IOS Capital, LLC, a wholly owned subsidiary of IKON, provides lease financing to customers and is one of the largest captive finance companies in North America. With Fiscal 2002 revenues of $4.8 billion, IKON has approximately 600 locations worldwide including the United States, Canada, Mexico, the United Kingdom, France, Germany, Ireland, Denmark and the Netherlands.

This news release includes information which may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements relating to the ability of the IBML ImageTrac or related service offerings to meet or exceed customer needs or expectations, reduce costs or increase efficiency. Although IKON believes the expectations contained in such forward-looking statements are reasonable, it can give no assurances that such expectations will prove correct. Such forward-looking statements are based upon management's current plans or expectations and are subject to a number of risks and uncertainties, including, but not limited to: risks and uncertainties relating to conducting operations in a competitive environment and a changing industry; delays, difficulties, management transitions and employment issues associated with consolidation of, and/or changes in business operations; managing the integration of existing and acquired companies; risks and uncertainties associated with existing or future vendor relationships; and general economic conditions. Certain additional risks and uncertainties are set forth in IKON's 2002 Annual Report on Form 10-K filed with the Securities and Exchange Commission. As a consequence of these and other risks and uncertainties, IKON's current plans, anticipated actions and future financial condition and results may differ materially from those expressed in any forward-looking statements.