SOURCE: Peerless Systems

January 30, 2007 07:30 ET

Peerless Systems CTO to Speak on Panel at Lyra Imaging Symposium 2007

EL SEGUNDO, CA -- (MARKET WIRE) -- January 30, 2007 -- Peerless Systems Corporation (NASDAQ: PRLS), a provider of advanced imaging and networking technologies and components to the digital document market, announced that Dr. Robert Westervelt, Chief Technology Officer (CTO), Peerless Systems, will participate in the XPS Super Panel discussion today at the Lyra Imaging Symposium 2007 at the Rancho Las Palmas Resort and Spa in Rancho Mirage, California. The tenth annual Lyra Imaging Symposium offers an unmatched opportunity to meet and network with industry colleagues while gaining invaluable industry information for strategic decision-making.

Moderated by Vicki Milton, Lead Product Planner, Windows Digital Documents Platform and Solutions, Microsoft Corporation, the XPS Super Panel is expected to provide valuable insights to attendees about a variety of factors surrounding XPS. The XPS Panel discussion is scheduled for Tuesday, January 30, 2007 at 2:15 pm (Pacific).

Dr. Westervelt will be available at the Symposium to discuss how Peerless can accelerate XPS printing with hardware assistance. Please call (310) 297-3270 for a private appointment.

About Peerless Systems

Founded in 1982, Peerless Systems Corporation is a provider of imaging and networking technologies and components to the digital document markets, which include manufacturers of color, monochrome and multifunction office products and digital appliances. In order to process digital text and graphics, digital document products rely on a core set of imaging software and supporting electronics, collectively known as an imaging controller. Peerless' broad line of scalable software and silicon offerings enables its customers to shorten their time-to-market and reduce costs by offering unique solutions for multiple products. Peerless' customer base includes companies such as Canon, IBM, Konica Minolta, Kyocera Mita, Lenovo, OkiData, Ricoh, RISO, Seiko Epson and Xerox. Peerless also maintains strategic partnerships with Adobe and Novell. For more information, visit Peerless' web site at www.peerless.com.

Peerless is a registered trademark of Peerless Systems Corporation.

Safe Harbor Statement Under The U.S. Private Securities Litigation Reform Act Of 1995

Statements made by us in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21 of the Securities Exchange Act of 1934. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management based on our current estimates, expectations, forecasts and projections and include comments that express our current opinions about trends and factors that may impact future operating results. Statements that use words such as "expected," "to provide," "will participate" or the negative of these, as well as similar expressions, are intended to identify forward-looking statements. These statements are not guarantees of future performance, rely on a number of assumptions concerning future events, many of which are outside of our control, and involve known and unknown risks and uncertainties that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements, expressed or implied by such forward-looking statements. Such risks and uncertainties include, among other things, changing competitive and market conditions, our reliance on certain OEM customers for significant portions of our revenues, the sufficiency of our capital resources, any adverse change in our relationship with Adobe Systems Incorporated and Novell, Inc, increased competition both from in-house OEM products and low cost offshore competitors, the impact of Microsoft's Vista™ operating system, reduced demand for our existing monochrome technologies, our ability to develop and market our advanced devices and software, the validity and protection of our intellectual property rights, our ability to execute our business plan and strategic partnering transactions, our inability to enter into a new licensing agreement with Adobe by July 2007 or if we are unable to enter into an amendment extending the term of the Adobe License Agreement, our failure to attract, integrate and retain key personnel, our succession plan is not implemented successfully or if the new President and CEO is not able to integrate successfully into our business and operations.

The above risks, and others, are described in further detail in our reports filed with the Securities and Exchange Commission, including but not limited to our most recent Quarterly Report on Form 10-Q for the third quarter of fiscal 2007, in Part I - Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations - Risk Risk Factors" filed on December 14, 2006. Copies of Peerless' press releases and additional information about Peerless are available at www.Peerless.com or you can contact Peerless Investor Relations by calling (303) 393-7044.

Current and prospective stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We are under no obligation, and expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained herein are qualified in their entirety by the foregoing cautionary statements.

Contact Information

  • Contacts:
    Media and Industry Analysts Contact:
    Kathleen Buczko
    NMC Partners
    (562) 366-1552
    Email Contact

    Investor Contact:
    Geoff High
    Pfeiffer High Investor Relations, Inc.
    (303) 393-7044
    Email Contact