Printera Corporation

Printera Corporation

May 15, 2006 10:25 ET

Printera Corporation Halts Trading on Friday May 12, 2006

TORONTO, ONTARIO--(CCNMatthews - May 15, 2006) - Printera Corporation (TSX:PAC) had asked the TSX to halt trading of its shares in anticipation of a final decision from its largest customer on recent contract negotiations. These negotiations have been underway for several months.

Although Printera has a long history of excellent service, quality and value to this customer there has been intense competition for this business. A final decision was not reached however, and negotiations continued on Friday.

The Company will provide an update on the situation as information becomes available.

Printera is a producer of high-quality custom labels.

This release contains certain forward-looking statements which involve known and unknown risks, delays, uncertainties and other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements.

The TSX has not reviewed the contents of this release and is not responsible for its accuracy.

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