PLP DIGITAL SYSTEMS ANNOUNCES CHANGE IN LEADERSHIP

PHOENIX, Ariz. – May 16, 2002 – Today at the International Reprographics Association (IRgA) Trade Show in Las Vegas, PLP Digital Systems (PLP), an innovative provider of production reprographics software, announced a change in its leadership. The company has signed an agreement to sell a controlling interest to John C. Cronin, III. Cronin, a successful entrepreneur with experience pioneering high-technology businesses, will become PLP's Chairman. Chris Morrison, the technical visionary of PLP, will return to lead the technical direction of the company as Chief Technical Officer and will maintain a major equity interest in the company.

Founded in 1989 as Precision Laser Plotting, PLP pioneered the large format digital reprographics market. Today, PLP continues to lead the way in the digital reprographics industry with its innovative products and production worthy solutions. PLP was founded by Michael Addison and Chris Morrison. Michael Addison, who was instrumental in managing the company from inception through market leadership, is retiring from PLP.

"John brings industry experience, market vision, strong relationships, and proven leadership skills," said Morrison. "PLP will continue to focus on its core business and markets and John will provide the leadership to strengthen our position and take the company to the next level."

Cronin has a proven track record in entrepreneurial ventures. His entrepreneurial career started when he introduced CAD/CAM technology to New Market Products in Wayne, NY, a market leader in production tooling. He was responsible for pioneering a profitable Geographic Information Systems business for Day & Zimmermann, LLC, a private company in Philadelphia, PA ranked 115 in Forbes magazine's listing of the top 500 private companies. At Day & Zimmermann, Cronin won the annual "Quality Performance Award" which was awarded to 10 of 13,000 employees for his efforts in growing a fledgling business into a profitable enterprise.

In 1995, Cronin founded Digital Paper Corporation, which grew to become a market leader in the document distribution market, and received market recognition under Cronin's leadership. In 2000, Digital Paper was recognized as one of Fortune magazine's Cool Companies-Hot Ideas. In 2001 Digital Paper was ranked 303 on the 2001 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America, and ranked 25 in Washington Techway's 2001 Fast 50, a ranking of the fastest growing technology companies in Washington DC metropolitan area.

In 2001, Cronin turned over the day-to-day management of Digital Paper to once again focus his efforts on an entrepreneurial venture. Cronin founded a global software distribution company, Global Engineering Solutions, a global provider of market leading engineering solutions. Cronin was introduced to PLP through his global customers, and the entrepreneur recognized a natural synergy.

"I am excited about the opportunity at PLP. I believe the reprographics industry is approaching another technology shift, and PLP with its leadership position is well positioned to pioneer that change," said Cronin. "Chris is a true entrepreneur and is technically brilliant. Our complimentary skills will take the company to a new level and revolutionize the industry."

About PLP
For more than a decade PLP Digital Systems has helped companies produce, manage, distribute and track technical documentation. With a broad suite of software solutions and world-class customer support, PLP's mission is to improve our customers' profitability by decreasing operating costs and by creating new revenue opportunities with innovative products. Their powerful software, strong customer service model and progressive philosophy have made PLP the partner of choice for more than 1100 companies in 30 countries.

# # #

» Back to Press Releases