RAPID REFILL INKS A NEW DEAL

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Date: Tuesday July 17, 2007 11:43:00 am
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    RAPID REFILL INKS A NEW DEAL
    July 2007 New VP of Franchise Development Has Big Plans to Grow Brand
    Chanhassen,
    MN–In the business world, making your company’s presence known is no
    small feat. Getting noticed takes more than just a flashy logo or
    catchy slogan; it takes the know-how of an expert to grow and sustain
    the brand. Scott Arbuckle is that expert and, effective immediately,
    his know-how is exclusive to Rapid Refill Ink as its new vice president
    of franchise development.

    Arbuckle is no stranger to
    franchising. As the former director of franchise sales for Liberty Tax
    Services, Arbuckle oversaw a franchise sales system that opened over
    1,000 new locations in three years. Arbuckle’s work propelled Liberty
    Tax into the status of the fastest growing tax preparation franchise
    system, an impressive accomplishment given the presence of H&R
    Block and Jackson Hewitt. Though the parallels between tax preparation
    and toners may seem limited, Arbuckle is committed to use his knowledge
    to make Rapid Refill Ink a driving force in the franchise
    community.“Over the past several years, I’ve been working in a system
    that brings on several hundred stores per year and I am looking forward
    to reaching and exceeding those levels at Rapid Refill Ink,” said
    Arbuckle.

    Steve Hockett, president of Rapid Refill Ink, has the
    utmost confidence in his abilities.“I’ve known Scott for many years and
    have seen him accomplish any goal he sets his mind to,” said Hockett.
    “Now that he is a part of the Rapid Refill Ink family, I know he will
    make our brand even more dynamic and valuable.”Rapid Refill Ink is a
    U.S.-based retailer in the multi-billion dollar ink and toner industry
    with storefront operations that utilize state-of-the-art technology and
    equipment to remanufacture cartridges. Overall savings on
    remanufactured cartridges can be up to 50 percent below those of OEM
    (Original Equipment Manufacturer) cartridges. The Rapid Refill Ink
    store database lists 1,000 different inkjet cartridges and 200 models
    of laser toner cartridges, including refilled and brand name
    cartridges. Rapid Refill Ink already has signed franchise agreements in
    place for the opening of 150 locations in the next several years. Its
    first international expansion will likely be to Canada within 12
    months. The company is expecting substantial growth from multi-unit
    franchisees who would each open three to five units over the next five
    to seven years. Rapid Brands Inc. and its wholly owned subsidiary,
    Rapid Refill Corp., are traded on the Toronto Stock Exchange (TSX)
    Venture Exchange under the stock symbol RAP.

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