FOR IMMEDIATE RELEASE
April 16, 2009
NEWS: EFI Announces Stimulus Package for VUTEk Superwide Printers
New Financing Option Protects Cash Flows and Encourages Growth for Print Businesses
FOSTER CITY, CA - EFI™ (Nasdaq: EFII), the world leader in customer-focused digital printing innovation, today announced the innovative EFI Stimulus Package, financing program for its VUTEk® line of superwide printers. The EFI Stimulus Package helps qualified print service providers grow their businesses and protect their cash flows. The program provides for zero out-of-pocket costs for the first six months of ownership followed by 50% off of the normal lease payments for the next six months on new qualifying printer purchases dramatically lowering the first full year cost of ownership This new program is expected to boost businesses’ abilities to expand their product portfolios and reach larger revenue-generating customer bases with minimal impact on cash flow for the first year of ownership
“In this challenging economic climate EFI is focused on finding creative financing solutions that will allow our customers to own the industry’s best printing solutions,” said EFI president Fred Rosenzweig. “The EFI Stimulus Package for VUTEk superwide printers allows print businesses to position themselves ahead of the competition by expanding their product portfolio and customer base, all while spending less cash.
EFI’s line of award-winning VUTEk superwide printers has a reputation for speed, high productivity and exceptional color-quality. VUTEk’s stunning white ink capabilities open the doors to a whole new world of applications that drive demand by delivering jobs faster and at a higher quality than the competition. Companies can take advantage of all the benefits of digital printing, including the ability to customize messaging, print shorter runs and dramatically reduce production times with VUTEk superwide printers.
“The EFI Stimulus Package allowed us to economically acquire new VUTEk QS3200 technology that will help grow our business with new and more lucrative revenue opportunities without the immediate financial pay back pressures,” said Chris Wilson, Venture Printing chairman.
The EFI Stimulus Package is currently being offered exclusively in the United States, with global finance programs becoming available in the near future. To take advantage of the EFI Stimulus Package, including zero payments for the first six months, and half-payments for the following six months, or to learn more about approval process and the various degrees of relief for all credit strengths, contact Todd Verebey at EFI Financial Services at 1-201-690-6133. To learn more about EFI VUTEk superwide printers, call 1-800-875-7117 or visit www.efi.com/vutek.
About EFI
EFI™ (www.efi.com) is the world leader in customer-focused digital printing innovation. EFI's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The company's robust product portfolio includes Fiery® digital color print servers; VUTEk® superwide digital inkjet printers, UV and solvent inks; Rastek™ UV wide-format inkjet printers; Jetrion® industrial inkjet printing systems; print production workflow and management information software; and corporate printing solutions. EFI maintains 23 offices worldwide.
EFI, Fiery, and VUTEk, and Jetrion are registered trademarks of Electronics For Imaging, Inc. in the U.S. Patent and Trademark Office and/or certain other foreign jurisdictions. Rastek is a registered trademark of Electronics For Imaging, Inc. All other trademarks mentioned in this document are the property of their respective owners.
Nothing herein should be construed as a warranty in addition to the express warranty statements provided with EFI products and services.
This news release contains forward-looking statements, that are statements other than statements of historical fact including words such as “anticipate”, “believe”, “estimate”, “expect”, “consider”, “plan” and similar, any statements related to strategies or objectives of management for future operations, products, development, performance, any statements of assumptions or underlying any of the foregoing and any statements in the future tense. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual or future results to differ materially. For further information regarding risks and uncertainties associated with EFI’s businesses, please refer to the risk factors section in the Company’s SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q.
EFI undertakes no obligation to update information contained herein, including forward-looking statements.
EFI
Foster City, CA
Phone: 603-279-6811
E-Mail: jane.cedrone@efi.com@efi.com
Website URL: www.efi.com