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 user 2005-03-25 at 10:20:00 am Views: 41
  • #11069

    InkTec Zone America Opens Flagship Store: Company to Offer
    Environmentally Friendly, Low Cost Refills for Ink and Toner Cartridges

    New Central Square,
    Cambridge location will also serve as InkTec Zone’s base for franchising across
    the U.S.

    CAMBRIDGE, Mass.–March, 2005– An astounding one million inkjet
    cartridges are thrown away every day, adding 60,000 tons of empty ink jet
    cartridges to landfills each year. InkTec Zone America Corp. hopes to reduce
    that number as it celebrates the grand opening of its flagship store in
    Cambridge, MA today. Located in Central Square, InkTec Zone will offer refilled
    and remanufactured printer cartridges for leading printer brands, at savings up
    to 50%.

    The honorable Michael A. Sullivan, Mayor of Cambridge, will preside over a
    formal ribbon cutting ceremony to mark the occasion at InkTec Zone’s
    Massachusetts Avenue location. The ceremony will be held in conjunction with the
    Cambridge Chamber of Commerce.

    “InkTec gives businesses and consumers in the metropolitan area an
    alternative to costly printer cartridges. We provide a high quality and
    environmentally friendly alternative – with significant price savings,” said
    InkTec Zone America CEO and President Bill McKenney.

    InkTec Zone America Corp. was jointly founded by McKenney and InkTec Co.,
    Ltd., a publicly traded Korean company with a long history in the ink and toner
    market. The concept of refilling ink and toner cartridges has already been
    proven through our efforts in Asia,” explained CS Choi, Senior Director of
    InkTec Co. “Now we can offer U.S. consumers this cheaper and more
    environmentally friendly alternative.” The U.S. market for ink and toner is
    large – $4.15 billion in 2003 (Source: The NPD Group), but largely untapped.

    InkTec Zone is launching its franchise development program simultaneously
    with the opening of the flagship store. Led by Alfred Naddaff, this program
    looks to build InkTec Zone stores throughout the U.S. Potential franchisees from
    Rhode Island, Florida, Texas, Virginia and Maryland have expressed interest even
    before the program was fully launched.

    About InkTec Zone America Corp.

    InkTec Zone America Corp. provides an environmentally friendly and low cost
    refill solution for ink and toner cartridges. InkTec Zone’s flagship store,
    located in Cambridge, Massachusetts, opened in March 2005 and also serves as the
    base for InkTec Zone’s franchising operation. Through franchising, InkTec Zone
    expects to aggressively expand its presence with retail storefronts across New
    England and throughout the U.S.

         InkTec Zone America Corp.
    Alexandra Ramin, 617-497-1200 x 16