SOURCE: Toshiba America Business Solutions, Inc.

August 15, 2005 13:21 ET

Toshiba America Business Solutions Inc. Selected as Recipient of CIO Magazine's 2005 CIO 100 Award for Second Consecutive Year

Toshiba Recognized by CIO Magazine as One of the World's Top 100 Bold Companies

IRVINE, CA -- (MARKET WIRE) -- August 15, 2005 -- Toshiba America Business Solutions Inc. (TABS) today announced that it has been honored by IDG's CIO magazine with a CIO 100 award for the second consecutive year. This annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). This year's award theme is the Bold 100, which recognizes those executives and organizations that embrace great risk for the sake of great reward.

"The Bold 100 honorees stand out because they have dared to take on risk for the chance of reward in an extremely conservative business climate," said Abbie Lundberg, editor in chief, CIO. "The executives leading these organizations are smart, inventive and determined -- I offer them my warmest congratulations."

TABS was recognized by CIO magazine for adopting a bold approach to its overall business strategies by becoming quick to identify and act on new opportunities, being willing to risk capital on new ideas, and having a willingness to change. This was exemplified by TABS' strategy to increase its market presence in an increasingly competitive industry, where it implemented one of the most aggressive dealer acquisition strategies in the industry. Furthermore, in the areas of product development and technology, TABS has quickly reacted to ever-changing, more complex product technologies that necessitate complicated support requirements.

"It is a great honor to be recognized as a CIO 100 award-winner amongst such an impressive roster of companies," said Randy Miller, chief information officer, TABS. "TABS focuses on implementing quick and creative responses to business challenges, and is committed to excellence in every product and every service we provide as a means of earning the confidence and loyalty of our customers."

The 2005 CIO 100 awards will be presented at the Hotel Del Coronado in San Diego, Calif., on August 23 at the conclusion of the seventh annual CIO 100 Symposium® and Awards Ceremony.

About the CIO 100

The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their bold practices in both business and IT. Next, teams of CIO magazine editors and writers reviewed the applications in depth, looking for unique practices and substantial results. Finally, the teams met for a day-long meeting to debate the merits of each nominee and vote on the final 100.

To provide a vision of ever-changing business trends, the focus of the CIO 100 changes annually. Complete coverage of the 2005 CIO 100 awards will be in the August 15 issue of CIO magazine and available online at www.cio.com on August 15.

About Toshiba America Business Solutions Inc.

Toshiba America Business Solutions Inc. (TABS) manages product planning, marketing, sales, service support and distribution of copiers, facsimiles, multifunction printing products, network controllers and toner products throughout the United States, Latin America and the Caribbean. Headquartered in Irvine, Calif., TABS has four divisions: the Electronic Imaging Division, Toner Products Division and Document Solutions Engineering Division; and Toshiba Business Solutions (TBS), which operates a national network of wholly owned subsidiaries.

Named the most favored manufacturer in seven of the past eight years by the Business Technology Association (BTA), Toshiba's entire product line, customer support and marketing distribution policies are markers for the industry. Among the many other awards garnered in recent years, Toshiba was named the "Copier Manufacturer of the Year" by the Marketing Research Consultants (MRC) in 2005, 2004, 2002, 2001, 1998 and 1997, was named to the CIO 100 for being one of the top 100 "agile" companies in the world in 2004, and received the CIO Web Business award for its leading edge intranet site in 2000, 1999 and 1998.

TABS is an independent operating company of Toshiba Corporation, the seventh largest electronics/electrical equipment company and the world's 62nd largest company in terms of sales. Ranked by Fortune magazine as the 8th Most Admired Electronics Company in America and 9th Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2004 was approximately $55 billion.

For more information on Toshiba copier, facsimile, multifunction printing products, network controllers or toner products, or for a dealer in your area, call 1-800-GO-TOSHIBA or visit the TABS Web site at www.copiers.toshiba.com.

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