SOURCE: ImageXpres Corp

March 04, 2010 11:45 ET

ImageXpres Corporation Launches Compliance Initiative

Company's Goal to Provide Adequate Current Information in 2010

ROCHESTER, NY--(Marketwire - March 4, 2010) - ImageXpres Corporation (PINKSHEETS: IMJX), a US-based digital imaging and printing company, today announced that it has commenced a full-scale compliance initiative, designed to meet the Pink OTC Market requirements for making adequate current information available to the public markets, thereby improving the Company's disclosure category to 'Current Information' status.

The Company's Board met with its accountants to discuss the status of the Company's legal and financial issues, and then completed a thorough review of the Pink OTC Markets July 2009 Guidelines for Providing Adequate Current Information. The Company plans on posting its 2009 annual report and financial statements on its website in March 2010, and providing financial guidance for 2010.

The Company anticipates that this increased level of disclosure will be welcomed by shareholders, investors, and regulators alike. According to Pink OTC Markets, securities of Pink Sheet companies that provided current disclosure to the public markets represented over 80% of the entire dollar volume traded in 2009. In fact, the average dollar volume per security averaged $81,259,055 for securities that obtained Current Information Status in 2009, compared to $745,812, for securities that provided no information.

John S. Zankowski, President & CEO of ImageXpres Corporation, stated, "While the Company has focused its efforts on increasing its sales and earnings in 2009, it is apparent that becoming 'transparent' and providing the public with full disclosure on the state of our business will be crucial to our ongoing success. With the development of our Surgi-Scan™ digital safety checklist and our new line of SmartKiosk Media™ platforms, we feel that IMJX is positioned for substantial revenue growth this year, and providing current adequate information will only help to increase the value of the stock and attract new investors."

Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." 

You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosure information.

All company or product names used are the property of their respective owners and may be the trade marks™, service marks(SM), or registered marks® of other companies, and are used for information purposes only and to their owners' benefit, without intent to infringe.

About ImageXpres Corporation:

ImageXpres (www.imagexpres.com) is a digital imaging and printing company, headquartered in Rochester, NY. IMJX develops imaging systems solutions for commercial printing, consumer photo, health and business communications market segments. ImageXpres is currently manufacturing and marketing a line of self-service interactive digital kiosks, and LitePix™ Digital Displays, digital signs that provide unique advertising benefits for business owners. The Company's website is www.imagexpres.com.

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