LaserNetworks

November 08, 2007 07:04 ET

LaserNetworks® acquires Quebec's TECKNOLASER

Leaders in printer supplies and service join forces and take Reflexion toner national

Attention: Assignment Editor, Business/Financial Editor, City Editor, News Editor, Tech/Telecomm Editor OAKVILLE, ONTARIO, MEDIA RELEASE--(Marketwire - Nov. 8, 2007) - LaserNetworks®, Canada's leading print solutions company is acquiring TECKNOLASER, Quebec's leading image consultant and winner of the Government of Quebec's 2005 Environmental Phoenix Award.

TECKNOLASER, is known for its success in the recovery, collection and re-use of printer, fax and photocopier cartridges. Its methods enable over 85 per cent of the original cartridge components to be re-used in the remanufacturing process. The remaining 15 per cent is sorted and forwarded to other recycling firms.

LaserNetworks® will be rebranding its toner under the Reflexion label and through their distribution network will expand its industry leading, environmentally friendly toner products across Canada and the United States. An independent study by PE International shows that their refurbished toner cartridges reduce the carbon footprint by 75 per cent compared to new single use cartridges.

"Doing our part to ensure that we are being environmentally friendly has always been a number one priority of LaserNetworks®, says Chris Stoate, President of LaserNetworks®. "Acquiring TECKNOLASER is a natural fit."

LaserNetworks® revolutionary COST PER PAGE® program of printing and imaging fleet management services, including printers, multi-function devices, supplies and/or service on a Pay as you Print? basis, opens a myriad of opportunities for TECKNOLASER in Quebec.

For over 20 years, LaserNetworks® has been privately owned and operated by its founder Chris Stoate and has been Canada's leading print solutions company, providing print solution services, and products to virtually every sized company across Canada and continental USA including Fortune 500 companies, government agencies, major chartered banks, large law firms and virtually any customer whose demands require a local presence and central responsibility. IN: TECHNOLOGY

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