Printera Corporation

Printera Corporation

January 16, 2006 14:37 ET

Printera Corporation: Financing Agreements Update

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2006) - Printera Corporation (TSX:PAC) announced today that the discussions and negotiations with its lenders to extend financing agreements that expired on December 31, 2005, are progressing, but are not yet finalized.

The lenders have kept all financing in place in support of reaching new agreements. The Company expects to complete this process in its fiscal second quarter of 2006.

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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