Preo Software Inc.
TSX VENTURE : PKM

Preo Software Inc.

December 16, 2010 11:35 ET

Toshiba Launches Preo Printelligence™ MPS

CALGARY, ALBERTA--(Marketwire - Dec. 16, 2010) - Preo Software Inc. (Preo) (TSX VENTURE:PKM), together with Toshiba America Business Solutions, Inc.(TABS), is pleased to announce the co-branded production release of Printelligence™ MPS to all authorized Toshiba dealers and wholly-owned subsidiaries in the United States, Mexico, Central America, South America and the Caribbean. The launch was kicked off with multiple live webcast presentations from New York, New York to Honolulu, Hawaii today.

First announced this past summer at Toshiba's LEAD2010 events, the launch introduces a new services offering called "Managed End-User Printing" based exclusively on Printelligence™ MPS. Going forward, this offering will be tightly integrated into the broader Toshiba managed print initiative.

"We are very excited about becoming a key component to Toshiba's MPS program from assessment all the way through on-going account management. With Toshiba's history of innovation and leadership in the MPS space, Preo could not be more pleased with this long-term partnership" said Gary McCone, president and CEO of Preo Software.

"We're always searching for new ways to help our customers easily manage end-user print behavior, and thereby improve our own MPS offerings. After carefully evaluating various solutions, we decided that Printelligence™ MPS best met our needs for a flexible, end-user solution. It is easy to deploy and use, requires little IT involvement, integrates seamlessly with our existing offerings, allows for remote management, and has the architecture, security and features to ensure strong customer and channel acceptance," said Bill Melo, vice president, Marketing, Services and Solutions, Toshiba.

Ed Crowley, CEO Photizo Group went on to say, "Photizo recently spent some time on-site with Preo getting familiar with Printelligence™ MPS. We continue to be impressed with the very unique value proposition Preo brings to the MPS marketplace. This partnership with Toshiba is another example of how Preo is having an impact with major OEMs in the managed print services market."

About Preo Software Inc.:

Preo Software Inc. is the market leader in providing Print Knowledge Management Systems (PKMS) to enterprises, select OEM's, and Managed Print Services providers around the world. Printelligence, the company's award winning flagship SaaS (Software as a Service) offering empowers corporate clients to optimize their print assets, reduce print volumes, all the while yielding significant cost savings and reducing the environmental footprint.

Preo is a seven year old technology company maintaining offices in both Canada and the United States with products deployed in over three thousand organizations worldwide.

Printelligence™ MPS is a SaaS based print knowledge management system that is licensed to select Original Equipment Manufacturers (OEM's) and Managed Print Providers to seamlessly integrate into their MPS business processes. Printelligence™ MPS is an enterprise application that empowers knowledge-workers by promoting accountability, awareness and positive behavioral change to maximize value and reduce the cost of print …without negatively affecting end-user productivity.

About Toshiba America Business Solutions Inc.

Toshiba America Business Solutions Inc. (TABS) is an independent operating company of Toshiba Corporation, the seventh largest electronics/electrical equipment company in the world. TABS is a leading provider of managed print and professional services (MPS and PS), and manages product planning, marketing, sales, service, support and distribution of copiers, facsimiles, multifunction printing products, network controllers, and toner products throughout the United States, Mexico, Central and South America and the Caribbean. MPS and PS are strategic focus areas for the company, which first developed and began marketing the Encompass™MPS program in 2003.

Headquartered in Irvine, Calif., TABS has five divisions: the Electronic Imaging Division; the Toner Products Division; the Document Solutions Engineering Division; the International Division; and Toshiba Business Solutions (TBS), a wholly-owned subsidiary corporation of TABS, that operates a network of wholly-owned office equipment dealers throughout the United States.

Honored with the Channel's Choice top award for "Superior Performance" eleven times by the Business Technology Association (BTA), Toshiba's entire product line, customer support and marketing distribution policies are markers for the industry.

For more information on Toshiba products, programs, solutions and services, please visit www.copiers.toshiba.com, or www.copiers.toshiba.com/latin-american-en/home.html.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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