Creo Inc.

Creo Inc.

February 24, 2005 07:30 ET

Creo Obtains Interim Order




FEBRUARY 24, 2005 - 07:30 ET

Creo Obtains Interim Order

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 24, 2005) - Creo Inc.
(TSX:CRE)(NASDAQ:CREO) announced today that the company obtained on
Tuesday, February 22, 2005 from the Ontario Superior Court of Justice
(Commercial List) the Interim Order the company was seeking for advice
and directions under subsection 192(4) of the Canada Business
Corporations Act (the "CBCA") in connection with the company's
arrangement transaction (the "Arrangement Transaction") with Eastman
Kodak Company announced on January 31, 2005.

The Interim Order, among other things, directs and authorizes the
company to call, hold and conduct, in accordance with the CBCA, its
annual and special meeting of shareholders (the "Meeting") to be held on
Tuesday, March 29, 2005 at 9:00 a.m. (Vancouver time) at the Hilton
Vancouver Metrotown Hotel to consider and, if deemed advisable, pass,
with or without variation, a special resolution approving the
Arrangement Transaction.

Obtaining the Interim Order and holding the Meeting are among the steps
the company has to take towards completion of the Arrangement
Transaction. The company will be mailing the materials in respect of the
Meeting, including the notice of the Meeting, Management Proxy Circular
and form of Proxy, to all its shareholders of record as at February 14,
2005 in accordance with the Interim Order and the CBCA.

This news release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements are based on
management's current expectations and beliefs and are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from those described in the forward-looking statements.

These risks and uncertainties include the following: (1) the
announcement of the transaction to enter into an arrangement agreement
with Eastman Kodak Company on January 31, 2005 may disrupt some of our
customer or supplier relationships which may adversely affect future
results; (2) new markets and product introductions do not proceed as
planned and may adversely affect future revenues; (3) technological
changes or changes in the competitive environment may adversely affect
the products, market share, revenues or margins of the business; and (4)
changes in general economic, financial or business conditions may
adversely affect the business or the markets in which it operates. These
risks and uncertainties as well as other important risks and
uncertainties are described under the caption "Certain Factors That May
Affect Future Results" and elsewhere in our Annual Report for the fiscal
year ended September 30, 2004, as filed with the U.S. Securities and
Exchange Commission and other documents filed with the U.S. Securities
and Exchange Commission, and which are incorporated herein by reference.
We do not assume any obligation to update the forward-looking
information contained in this news release.

(C) 2005 Creo Inc. The Creo product names mentioned in this document are
trademarks or service marks of Creo Inc. and may be registered in
certain jurisdictions. Other company and brand, product and service
names are for identification purposes only and may be trademarks or
registered trademarks of their respective holders. Data is subject to
change without notice.

About Creo

Creo Inc. is a global company with key strengths in imaging, software,
and digital printing plate technology. The leading provider of prepress
systems, Creo helps over 25,000 customers worldwide adopt digital
production methods which reduce costs, increase print quality and allow
them to serve their customers more efficiently. Based on a solid
foundation of intellectual property, Creo has an unmatched range of
technology solutions that address the needs of commercial, publication,
on demand, packaging, and newspaper printers, and creative
professionals. Creo product lines include software and hardware for
computer-to-plate imaging, systems for digital photography, scanning,
and proofing, as well as printing plates and proofing media. Creo also
supplies on-press imaging technology, components for digital presses,
color servers, and high-speed digital printers.

Based in Vancouver, Canada, Creo reported fiscal 2004 revenue of US$636
million. Creo trades on NASDAQ (CREO) and the TSX (CRE).


Contact Information