Printera Corporation

Printera Corporation

May 23, 2006 16:49 ET

Printera Corporation: Major Customer Update

TORONTO, ONTARIO--(CCNMatthews - May 23, 2006) - Printera Corporation (TSX:PAC) has been advised by its largest customer, the Labatt Brewing Company, that they have awarded all their label business to a US supplier.

The parties are now in discussions to formulate a transition plan. Labatt represented approximately 50% of Printera's revenue.

The Company will provide updates as further 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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