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 user 2007-04-26 at 11:52:00 am Views: 60
  • #18316

    IKON Increases Share Repurchase Authorization by $200 Million
    Pa.–IKON Office Solutions , the world’s largest independent channel
    for document management systems and services, today announced that the
    Company’s Board of Directors increased its share repurchase
    authorization by $200 million, to $600 million in total. Since the
    Company’s share repurchase program began in March 2004, the Company has
    repurchased approximately 30 million shares, totaling $351 million,
    through March 31, 2007.

    As a reminder, IKON will hold its
    quarterly earnings conference call on Thursday, April 26, 2007 at 10
    a.m. E.D.T. All interested parties are invited to listen to IKON’s
    Chairman and Chief Executive Officer, Matthew J. Espe, and Senior Vice
    President and Chief Financial Officer, Robert F. Woods, discuss results
    for the second fiscal quarter ended March 31, 2007, related highlights
    and forward-looking guidance. The live audio broadcast of the call,
    with slides, will be available via IKON’s Investor Relations homepage,
    which can be accessed at http://www.ikon.com by clicking on About IKON
    and then Investor Relations and then Calendar & Presentations, or
    by calling 201-689-8261 to participate. Listeners should access the
    website at least 10 minutes early to register for the presentation. A
    complete replay, with slides, will also be available on IKON’s Investor
    Relations homepage under Calendar & Presentations two hours after
    the call ends through the next quarterly reporting period.

    About 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, Kyocera Mita, EFI and HP, and document management
    software from companies like Captaris, Kofax, eCopy and others, to
    deliver tailored, high-value solutions implemented and supported by its
    global services organization—IKON Enterprise Services. With fiscal year
    2006 revenue of $4.2 billion, IKON has approximately 25,000 employees
    in over 400 locations throughout North America and Western Europe.IKON
    Office Solutions® and IKON: Document Efficiency at Work® are trademarks
    of IKON Office Solutions, Inc. All other trademarks are the property of
    their respective owners.