imagetec corporate profile

Corporate Profile Company History and Vision

Mission Statement

To Our Customers ...We are committed to being a leader in our industry by providing digital office product solutions coupled with first class service to meet the present and future needs of our customers allowing them to stay technologically competitive in the rapidly changing workplace of tomorrow. This will be accomplished through state of the art product offerings, gaining a thorough understanding of our customer's present and future technology requirements and providing timely and accurate responses to our customers’ requests by well trained employees that are dedicated to long term relationships.

To Our Employees ...We are committed to providing a stable and challenging work environment that allows for both personal and professional growth and provides for the continual welfare and development of all employees. This will be accomplished by providing competitive benefit programs and through implementation of training programs that provide for both personal growth and career advancement opportunities.

To Our Vendors ...We will partner with vendors that are world leaders in providing reliable and world‐class technologically advanced products for the office. We are committed to representing their products and services in a professional and honest manner while expanding distribution through increased market share. This will be accomplished through implementation of best business practices and the reinvestment of profits in the company allowing for continued growth and financial stability.

Core Values

• Passion for Excellence • Lead • Demand Integrity of Your Team • Produce Quality in Your Work • Emphasize Speed in Everything We Do • Face Reality and Act on it • Stretch Yourself • See Change as an Opportunity • Create Equity • Participate in Building, not Tearing Down

Corporate Profile Company History and Vision

IMAGETEC L.P. Family Timeline

1992 • Opened its doors in Buffalo Grove, Illinois selling Toshiba.

1993 • Opened a second office in Chicago Loop.

1994 • Opened a third office in Westmont, a Xerox production print company.

1996 • Opened a fourth office in Des Plaines.

1997 • Named by INC Magazine as one of 500 fastest growing companies in the Nation, ranking 219.

1998 • Moved Corporate headquarters from Buffalo Grove to McHenry, where IMAGETEC Corporate now resides.

2000 • Acquired Nationwide Technologies. • Moved Westmont facility to Naperville.

2001 • Implemented an Automated Dispatch System (OMD), CRM tool for sales teams and PDA’s for service technicians. • Spearheaded graphics color sales in our channel. • Waste Recycling Program begins – implemented cardboard waste recycling program which equals approximately 1000

bin yards per year. • Awarded Konica Minolta’s Fastest Growing Dealer in Midwest.

2003 • Awarded Best Company to Work for by the Northwest Herald • Opened 5th location in Tinley Park • Launched HiTec Water Systems as part of the IMAGETEC solution

2004 • Opened 6th location in Rockford • Acquired Copy Systems Inc. • Rich Cucco, President, named Ernest & Young Entrepreneur of the Year Finalist • Toshiba names IMAGETEC 2003/2004 Dealer of the Year

2005 • April: Acquired ROSS Imaging, giving IMAGETEC an even larger coverage area, including most of Eastern Wisconsin and 3 more branch locations for a total of 9.

2006 • Moved our Des Plaines facility to Rosemont, where it currently resides. • December: Acquired HPS Office Systems, growing IMAGETEC’s employee size to 270 and a combined revenue of

approximately $44M.

2007 • February: Ross Imaging, a division of IMAGETEC, acquired Office Technologies to expand Wisconsin territories. • July: Implemented paper recycling program – this amounts to approximately 16,000 lbs of paper over the course of a

year. • August: CORE Print Solutions, an IMAGETEC Company, established a branch in Naperville, IL to sell and service the full

line of Ricoh and HP products. • October: Migrated from OMD operating system to eAutomate – converted 3 companies in 3 months. According to

eAutomate this was the fastest conversion for any company in our industry.

2008 • October: Sold HPS Office Systems to Toshiba, allowing IMAGETEC to have the strongest balance sheet in the company’s history.

• October: Implemented Laser and Inkjet Toner Recycling Program for clients.

2009 • Earned record 15th consecutive Toshiba ProMasters Award and 7th consecutive Konica Minolta ProTech Service Award.• Launched proprietary e‐INFO fleet management system for all clients.

2010 • Introduced the Lexmark printer and MFP series • Earned record 17th consecutive Toshiba ProMasters Award • Recognized as Elite Dealer by OfficeDealer Magazine • Launch Social Media Marketing Initiatives including blog, linkedin, and twitter sites • CORE ranked #2 Fastest Growing Ricoh Dealership in the U.S. by Ricoh Family Group • Receive BBB Torch Award for MarketPlace Ethics for 2011

Corporate Profile IMAGETEC Today

Financial Stability In addition to our strong vendor and customer relationships, IMAGETEC’s financial stability continues to stand strong. We have a focus on 51 benchmarks in 4 different categories including employee productivity, profitability, expense and asset management. What sets IMAGETEC Apart?

Debt free company Harris Bank Partnership 2‐3 times the industry average return on sales Positive cash flow Most profitable leasing portfolio in GE Capital’s small ticket division National and local recognition for financial success Strong vendor relationships and financial support

Awards and Recognitions IMAGETEC has a business model that has ensured our profitability for the past 16 years. This, along with our great vendor relationships and outstanding customer support has earned IMAGETEC some of the highest recognitions in the industry. Some of our most recent accomplishments include:

2010 Konica Minolta #1 Production Print Company in Midwest (9th year) #2 Nationwide 2010 Toshiba ProMasters Service Award (17th year) 2010 Elite Dealer Award (14th year) 2008 Konica Minolta ProTech Service Award (5th year) 2006 and 2007 Premier Business Award from Konica Minolta 2004 Ernst and Young Entrepreneur of the Year Finalist (Richard Cucco) 2004 TOSHIBA GEM Dealer of the Midwest 2003 TOSHIBA Dealer of the Year

Other recognitions:

Best Place to work by the Northwest Herald 4 time Sales Rep of the Year for TOSHIBA 5 time sales rep of the Year for Konica Minolta Production Print Competitive Advantages Best of Breed product line up Privately Owned Independent Dealer Inbound/Outbound Sales framework Service Excellence Senior Management Expertise

Corporate Profile Locations

IMAGETEC is comprised of seven strategically positioned branch locations throughout Illinois and Wisconsin that service 33 counties. Our location placement gives clients quick access to a branch. There are three IMAGETEC companies working together to control these territories, including IMAGETEC L.P, CORE Print Solutions and ROSS Imaging Inc. All locations, including the corporate locations, have sales and service technicians onsite.

IMAGETEC/CORE Print Solutions Corporate Branch 4509 Prime Parkway McHenry, IL 60050 Phone: 815.759.6000 800 #: 800.870.0225 Fax: 815.759.6006 The Corporate branch houses all the essential business operations including:

• Warehouse and Parts Facility • Sales Office (CORE Print Solutions) • Technology Showroom • Supply and Maintenance Sales Office • Technician Training Facility • Accounting Department • In‐House Leasing Specialists • In‐House Service/Repair Facility

Warehouse Facility – McHenry, IL

Corporate Entryway – McHenry, IL

In‐House Service/Repair – McHenry, IL In‐House Training Facility – McHenry, IL

Corporate Office – McHenry, IL

Technology Showroom – McHenry, IL Parts Facility – McHenry, ILCorporate Entrance – McHenry, IL


IMAGETEC Branch Locations 200 N. LaSalle Street Suite 1725 Chicago, IL 60601 Phone: 312.580.3500 Fax: 312.580.3514

• Sales Office • Service Technician • Technology Showroom

9399 W. Higgins Road Suite 160W Rosemont, IL 60018 Phone: 847.823.1247 Fax: 847.690.0472

• Sales Office • Service Technician • Software Solutions Division • Major Accounts Division • Technology Showroom

CORE Print Solutions Branch Location 2056 Westings Avenue Suite 180 Naperville, IL 60563 Phone: 630.717.3750 Fax: 630.416.8390

• Sales Office • Service Technician • Professional Training Division • Major Accounts Division (CORE) • Technology Showroom

Branch Office – Chicago, IL

Branch Office – Rosemont, IL

Branch Location – Naperville, IL


ROSS IMAGING Corporate Location 1406 North 25th Street Sheboygan, WI 53081 Phone: 920.452.2771 Toll Free #: 800.783.7677 Fax: 920.459.2853

Warehouse and Parts Facility Sales Office Technology Showroom Supply and Maintenance Sales Office Accounting Department In‐House Service/Repair Facility

ROSS IMAGING Branch Location 4080 W. Spencer Street Appleton, WI 54914 Phone: 920.991.9822 Fax: 920.991.9825

• Sales Office • Service Technician • Technology Showroom

Corporate Entrance – McHenry, IL

Branch Office – Tinley Park, IL

Corporate Office – Sheboygan, WI

Branch Location – Appleton, WI

Corporate Profile Territory Map

IMAGETEC can sell and service equipment in the entire continental United States, however there are 33 counties in 3 states that make up the IMAGETEC’s core distribution areas. Included are twenty one (21) Wisconsin counties, eleven (11) Illinois counties and one (1) Indiana county.

Management

Wisconsin: Door Shawano Waupaca Outagamie Brown Kewaunee Waushara Winnebago Calumet Manitowoc Marquette Green Lake Fond du Lac Sheboygan Dodge Washington Ozaukee Rock Walworth Racine Kenosha Illinois: Winnebago Boone McHenry Lake DeKalb Kane DuPage Cook Kendall Will Kankakee Indiana: Lake

Corporate Profile Key Management Contacts for IMAGETEC L.P.

Richard Cucco, Managing Partner & Owner of IMAGETEC L.P and CORE Print Solutions Richard Cucco, Managing Partner of IMAGETEC L.P., is a 31 year veteran of the office equipment industry. He founded IMAGETEC in 1992 and by assembling a talented senior management team it has become one of the largest independent dealerships in the

United States. He has launched several successful start ups in his career and was names Earnst and Young Entrepreneur of the year finalist on 2004.

His focus in creating a sustainable competitive advantage by increasing value for our clients Richard Cucco founded his first independent dealership at the age of 29. That Chicago dealership grew to become one of the top selling Ricoh dealers in the country where it was later sold to IKON.

Richard Normann, President and Partner of IMAGETEC L.P. Rich Normann joined IMAGETEC in March of 1998 as Chief Operating Officer. Rich gained partner status in June of 2004 and was promoted to Executive Vice President and Chief Operating Officer in November of 2004. On January 1st, 2008 Rich was promoted to President of IMAGETEC. He brings more than 24 years of related industry experience

in financial and operational leadership and most recently over 2 years of sales leadership to the position. With a proven track record in solid financial and operational management and extensive experience in mergers and acquisitions, Rich has been instrumental in the rapid growth of IMAGETEC through the execution of growth and expansion initiatives. Working with the senior executive team of IMAGETEC, he has overseen and performed the due diligence and integration of Nationwide Technologies, Inc. (Illinois), a branch of Copy Systems, Inc. (Illinois), Ross Imaging Inc. (Wisconsin), HPS Office Systems, LLC (Indiana) and Office Technologies, Inc. (Wisconsin); providing IMAGETEC with expanded market opportunities in Chicago, Wisconsin and Indiana. In January 2008, Rich was promoted to President of IMAGETEC and Ross Imaging, our Wisconsin division. Prior to joining IMAGETEC, Rich held the position of Director of Financial Services for the Midwest region of Unisource Worldwide (an Alco Standard Company) and Chief Financial Officer for Inlander‐Steindler Paper Company.

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Tamie Johnson, Corporate Chief Financial Officer of IMAGETEC L.P. Tamie Johnson joined IMAGETEC in November 2001 as the Accounting Manager and was promoted to Chief Financial Officer in January 2006. With acquisitions of Ross Imaging Inc (Wisconsin) and HPS Office Systems (Indiana), in January 2007 Tamie was promoted to Corporate Chief Financial Officer.

Tamie’s primary responsibilities include managing and directing the functions of accounting, auditing, treasury & cash flow and financial planning & reporting of all IMAGETEC owned companies. Prior to joining IMAGETEC, Tamie worked 7 years for BDO Seidman where she started as a Staff Accountant and worked her way to Audit Manager then to private sector working in Internal Audit for 2 years. Tamie has extensive experience in internal control audits and has established accounting, operational and administration reporting systems and procedures.

Mark Dodge, VP of Field Engineering and Operations of IMAGETEC L.P. As VP of Field Engineering and Operations of IMAGETEC L.P., Mark Dodge leads all service operations; from the call center, to onsite technical support and solutions integration, as well as warehousing, delivery, and Inside Sales. In his role, Mark ensures that

IMAGETEC's service standards reflect the partners’ expectations and our clients' needs. Mark brings over 26 years of industry experience to IMAGETEC since joining nearly 4 years ago. He has since created a world class service operation and grown the service team from traditional “break/fix” technicians to network systems engineers. Mark has overseen various service support groups within IMAGETEC during his tenure. Today his primary responsibilities are to oversee all service operations for IMAGETEC companies covering northeastern Wisconsin and the entire Chicago land area including northwest Indiana and Rockford.

Jim Cook, Major Accounts Manager and Partner of IMAGETEC L.P. Jim Cook is one of the founding partners and has been with IMAGETEC since its inceptions in 1992. He remains on the sales side, where he currently manages key major accounts in the Chicago market.

Jim has been in the office products industry since 1978. During this time, he has held a variety of positions including VP of Sales, Sales Director and Major Account Sales Executive and currently manages the Major Market Sales Team for IMAGETEC and also handles direct selling to large key accounts in the Chicago Market.

He has been awarded several key awards throughout his career, including Sales Executive of the

Year and Sales Manager of the Year. He has also been recognized from Toshiba and Konica Minolta as one of the Top Sales Executives in the U.S.

Jim remains very passionate about the industry and he and his team are very experienced in

working with larger and complex selling opportunities.

Syed Wasey, VP of Sales for IMAGETEC L.P. Syed Wasey serves as Vice President of Sales for IMAGETEC where he is responsible for all offices in Illinois. Syed was promoted to this position in January 2008. Since joining IMAGETEC in 2002, he has held several key positions including Sales Manager and General Sales Manager.

Throughout his career, Syed has been instrumental in the development/management of sales teams, increased sales, training/development programs, and nurturing long‐term customer relationships. Syed has been the recipient of several key awards at IMAGETEC based upon sales performance. He brings a broad background in sales as well as a history of implementing corporate programs, developing innovative solutions and demonstrating a results‐driven approach that forms the foundation of IMAGETEC's value and mission statement: he is committed to helping IMAGETEC, its customers, employees, and vendors to reach their goals.

Laura Cucco, Human Resources Manager for IMAGETEC L.P. Laura Cucco joined IMAGETEC full‐time in June 2007 as the Human Resources Coordinator. She was promoted to Human Resources Manager in January 2010. Laura’s primary responsibility is overseeing training/development, coordinating benefits, and employee relations for IMAGETEC L.P., CORE Print Solutions, and Ross Imaging. She

interned with IMAGETEC for several summers before joining IMAGETEC full‐time. Laura earned her Professional Human Resources (PHR) certification in December 2009. She will receive her MBA in Leadership through George Williams College in 2010.

Carolyn Bender, Marketing Manager for IMAGETEC L.P. Carolyn has been employed with IMAGETEC since June 2006, as the Marketing Manager. She graduated from Indiana University, with a bachelor’s degree in Business and an emphasis in Marketing. Prior to joining IMAGETEC, Carolyn worked as a marketing specialist in the technology and financial sectors. Carolyn manages and promotes the

inbound/outbound marketing initiatives and supports all aspects of the company with developing our go‐to marketing strategies.

Products and Services Equipment Product Lines

IMAGETEC is a company focused on providing substantial equipment value to our customers. Our goal is to give our clients the ability to leverage the resources of our business partners and offer the most sophisticated technology, solutions and support our industry has to offer. We offer a variety of products to meet the niche of all business sizes, from low‐end MFPs and printers to high‐end production print and graphics color equipment. In recent years, we have enhanced our equipment recommendations with cost effective print and document management solutions.

Our current portfolio includes products from Ricoh, Hewlett‐Packard, Toshiba, Konica Minolta and Kodak. We offer digital imaging equipment as well as any software solutions they offer that integrates with the document process. Below is a list of products and software solutions supplied through our current vendors.

Toshiba Full Line of Color & Monochrome MFP’s Document Imaging Solutions Konica Minolta Full Line of Color & Monochrome MFP’s Production Print Ricoh Full Line of Color & Monochrome MFP’s Production Print Hewlett‐Packard Full Line of Color & Monochrome Laserjet MFP’s, Printers, and Network Peripherals for Managed IT Services including:

• Laptops & Tablet PCs • Desktops & Workstations • Monitors & Accessories • Servers (Blade, Rack and Stand‐alone) • Networking Solutions

Lexmark Full line of Color & Monochrome LaserJet MFP’s, Printers, and Client Based Applications Technology. Kodak Full Line of Document Scanners Document Capture Software

Products and Services

Software Solutions Electronic Content Management and Distribution Microsoft SharePoint based KnowledgeLake ReSearch Fleet Management, Managed Print Services and Workflow Analysis Print Audit 6 RPCS Print Director e‐Info Fleet Management HP Webjet Admin Image Solutions NSI AutoStore OCR Software and Desktop Publishing Re‐Rite Personal Paperless Document Manager Global Scan Unity Desktop Professional Accounting and Cost Recovery Copitrak Equitrac Scan Solutions e‐Copy Kodak Capture Workflow and Variable Data Planet Press Suite Print Shop Mail PRISM DocForm EFI Digital Store Front

Products and Services Networking Services

IMAGETEC is committed to giving our clients a "Total Solution". We not only provide the necessary hardware and software solutions, but we also include our top‐notch customer service, knowledgeable, experienced staff and our expertise in managed IT services. Our team of licensed specialists (MCP, MCSA, MCSE) offers support in the following areas:

• Security Solutions • Network Upgrades • LAN Administration • Email • Operating System Management • Back up • Computer Training • PC Repair • Consultation

Professional Services IMAGETEC L.P. is proud to offer Professional Training Courses. Our training courses are designed with the customers' document production needs in mind. These courses range in need from basic stand‐alone copying to Multifunctional Applications such as copying, printing, scanning, faxing, and document storage. Our training program offers the choice of training at a client facility or coming to one of our four Chicagoland branches to learn in our state of the art demo rooms. We feel that these courses will allow our clients’ staff to work more efficiently and with confidence while using innovative technology to manage their documents. Training is provided at a pace that is easy to follow and challenging for even the most experienced document reproduction specialist. Some of the classes we offer are listed below. We also provide customizable training which is out of the scope of our normal training programs, which may include third‐party software training or other non‐traditional copier training.

Copier Training Basic Fiery Training Copy and Print Training Copy, Print and Scanning Copy, Print, Scanning and Fax Training Advanced Fax Training Advanced Fiery Training Imaging and Printing Consultations Software Solution

Recycling Reducing our Carbon Footprint

Since 2001, IMAGETEC has been helping do their part in reducing our carbon footprint. We have taken several initiatives over the years making sure our company and employees realize the importance of saving the environment. In 2001, IMAGETEC implemented a cardboard recycling program. Since then, we have been recycling more than 1,000 bin yards per year. In addition, we began a paper recycling program which amounts to approximately 16,000 pounds of paper over the course of a year. This, in turn, reduces our actual landfill garbage by this amount. In more recent years, IMAGETEC deployed an inkjet and laserjet recycling program, so our customers can effectively rid of their old cartridges safely and effectively. IMAGETEC is studying a de‐manufacturing program where we have a cost‐effective end‐of‐life option for disposing of obsolete office product equipment in an environmentally responsible and highly secured way. All of our vendors (Toshiba, Ricoh, Konica Minolta and Lexmark) have a toner recycling program designed to help businesses return their toner cartridges easily, so all of us can continue to do our part and help the environment.

Service Strategy

IMAGETEC has prided itself on our superior service. Our technicians have extensive experience and are considered experts in the industry. They are not only factory trained, but obtain ongoing education to keep them sharp and up‐to‐date. Their experience, training and education has earned them several vendor awards.

Service Team:

48 Vendor Certified Technical Engineers. 7 Microsoft and Vendor Certified Systems Engineers servicing both PC and MAC

environments. Vendor Authorized Train‐the‐Trainers.

Service leadership:

Over 26 years of industry expertise Dealer Service Advisory Counsel for HP Average Technician Experience 8+ Years. Automated Dispatch System by eAutomate with corresponding Blackberry PDA's.

o Dispatching and Closing Out Calls o Email and Voice Communications with Customers o Web Access for Technical Support o Online Service Histories

Certifications

• Microsoft Gold • HP OPS Elite • Konica Minolta • Toshiba • Lexmark • Ricoh