IKON:ADDRESSES GROWING DEMAND IN COLOR

[Anonymous]

IKON Unveils New Products to Address Growing Demand in
Color

MALVERN, Pa.–IKON Office
Solutions

Company launches IKON BusinessPro(TM) brand targeting
offices; new BusinessPro(TM) 500c offers industry’s fastest color for office
environments

IKON CPP(TM) 500 meets demand for color in high-volume
commercial and corporate print environments

IKON Office Solutions (NYSE:IKN), the world’s largest
independent channel for document management systems and services, today
introduced two innovative products to meet the needs of its customers: the IKON
CPP(TM) 500 color solution for commercial, graphic arts and corporate print
environments, and the IKON BusinessPro(TM) 500c, the industry’s fastest color
printing and copying system for the office. With color and black-and-white
output of 50 pages per minute, the IKON systems are designed to deliver the
speed, flexibility, ease-of-use and affordability that customers need to meet
all of their office and production color needs.

The IKON CPP 500 and IKON BusinessPro 500c were developed
with Konica Minolta, building on the success of the co-branded IKON CPP 8050,
which received the 2004 Better Buys for Business Editor’s Choice award. The
company’s new products address the growing demand for color equipment, a market
estimated by InfoTrends/CapVentures to reach $2.7 billion in the United States
by 2008. Today, IKON offers a broad portfolio of color systems, ranging from
color-capable black-and-white devices for the office to high-volume color
production solutions.

“Color presents the strongest opportunity for growth in our
industry, and with our best-in-class product offerings, we are making
significant inroads in this emerging space,” said Cathy L. Lewis, senior vice
president of marketing, IKON Office Solutions. “By providing color systems at
various speeds and price points we are putting affordable color at customers’
fingertips, whether mid-sized offices or commercial printers. We are confident
the ease-of-use, performance and advanced color capabilities of the new IKON CPP
500 and IKON BusinessPro 500c will be attractive to customers looking to expand
their color capabilities.”

Delivering High-Quality Color

Both the IKON CPP 500 and the IKON BusinessPro 500c feature
improved image quality, superior color and new paper-handling capabilities.
Contributing to the high-speed, high-quality output of the IKON products are
Konica Minolta’s color engine with Simitri(TM) polymerized toner and an
Electronics for Imaging (EFI) enhanced color controller. Konica Minolta’s color
engine ensures crisp text, smooth gradations and a professional finish while the
EFI controller allows for advanced document workflow and completion of color
applications. IKON will continue to partner with industry leaders to expand its
portfolio.

The IKON CPP 500 delivers high-speed, high-quality color
documents on demand, meeting the requirements of commercial print shops, graphic
arts environments and corporate print centers. The product’s front-end system
accommodates large files and complex workflow, including variable data, while a
fully featured print engine quickly produces professionally finished document
sets.

“The CPP 500 offers superior color and job management
capabilities, enabling graphic arts businesses to fulfill more applications and
deliver high-volume color to their customers,” said Lewis.

The IKON BusinessPro 500c delivers strong media
capabilities within a cost-effective, space-saving footprint, making it ideal
for the office. The product is the first under the company’s new brand – IKON
BusinessPro(TM) – for office environments.

Lewis added, “The IKON BusinessPro 500c brings to market a
new IKON brand of products specifically designed for office environments,
empowering customers to create more compelling communications for day-to-day
business applications.”

Driven by the availability of such affordable systems,
corporate workgroups and departments are increasingly taking advantage of color.
InfoTrends/CAP Ventures estimates that universal copier/printers like the IKON
BusinessPro 500c will account for about 90 percent of all color copier/printing
systems installed in 2008.

“The color and print management advances of the IKON
BusinessPro 500c for the office extend the value of the IKON CPP 8050, a
breakthrough technology in the industry, and further businesses’ ability to take
advantage of color in the workplace,” said Charles A. Pesko, managing director,
InfoTrends/CAP Ventures.

Customers can maximize the value of their IKON color
systems by employing IKON’s global services organization – IKON Enterprise
Services. IKON’s Professional Services specialists provide ongoing color
calibration, advanced forms design, data stream conversion and custom workflow
in addition to objective assessments that assist customers in identifying the
right document management and workflow strategy. IKON’s color systems are also
backed by a network of service professionals who possess, on average, more than
nine years of experience and undergo over 100 hours of training annually, making
them experts in color workflow.

IKON BusinessPro 500c with embedded controller retails for
$39,995. The IKON CPP 500 with external Fiery controller starts at $56,000. Both
are immediately available throughout the United States and Canada, and will be
available in Europe in March 2005. More information on the IKON BusinessPro 500c
and the IKON CPP 500 can be found at http://www.ikon.com/cpp500 and
http://www.ikon.com/bp500c or by calling 1-888-ASK-IKON.

About IKON

IKON Office Solutions Inc. (www.ikon.com), the world’s
largest independent channel for copier, printer and MFP technologies, delivers
integrated document management solutions and systems, enabling customers
worldwide to improve document workflow and increase efficiency. IKON integrates
best-in-class systems from leading manufacturers, such as Canon, Ricoh, Konica
Minolta, EFI and HP, and document management software from companies like
Captaris, EMC (Documentum), Kofax and others, to deliver tailored, high-value
solutions implemented and supported by its global services organization – IKON
Enterprise Services. IKON represents one of the industry’s broadest portfolios
of document management services, including professional services, a unique blend
of on-site and off-site managed services, customized workflow solutions, and
comprehensive support through its service force of 16,600 employees, including
its team of 7,000 customer service technicians and support resources worldwide.
With Fiscal 2004 revenues of $4.65 billion, IKON has approximately 500 locations
throughout North America and Western Europe.

This news release includes information that constitutes
forward-looking statements within the meaning of the federal securities laws.
These forward-looking statements include, but are not limited to, statements
relating to our future growth opportunities. Although IKON believes the
expectations contained in such forward-looking statements are reasonable, it can
give no assurances that such expectations will prove correct. Such
forward-looking statements are based upon management’s current plans or
expectations and are subject to a number of risks and uncertainties, including,
but not limited to: risks and uncertainties relating to conducting operations in
a competitive environment and a changing industry; risks and uncertainties
associated with existing or future vendor relationships; and general economic
conditions. Certain additional risks and uncertainties are set forth in IKON’s
2004 Annual Report on Form 10-K filed with the Securities and Exchange
Commission. As a consequence of these and other risks and uncertainties, IKON’s
current plans, anticipated actions and future financial condition and results
may differ materially from those expressed in any forward-looking
statements.

[Author]

February 18, 2005 at 11:00 AM