FOR IMMEDIATE RELEASE SYMBOL: GISX
Wednesday, May 31, 2006 TRADED: Nasdaq
STEWART BUSINESS SYSTEMS WINS PRESIDENT’S AWARD
AT GLOBAL IMAGING SYSTEMS’ ANNUAL GLOBAL LEADERS MEETING
Burlington, NJ / TAMPA, FL, May 31 – Stewart Business Systems, a Global Imaging Systems, Inc. (Nasdaq: GISX) core company based in Burlington NJ, recently won the President’s Trophy at the 11th Annual Global Leaders Conference. The President’s Trophy is awarded annually to the distinguished core company with outstanding sales and operating performance in a combination of revenue growth, operating income, and cash flow. This represents the first time that this prestigious award has been earned by a core company after its first full year in operation with Global Imaging Systems.
Michael Shea, president and chief operating officer of Global Imaging Systems, said, “President Chuck Cahn and his people should be extremely proud to be among the top Global companies in their first full year with us. It is this kind of top level performance, year in, year out, by Stewart and many other Global companies that sets us apart from the competition.”
Mr. Shea said, “Stewart’s results were outstanding. They achieved revenues and operating profit that were well ahead of budget. The theme of this year’s Global Leaders meeting was ‘Distinction through Superior Customer Service,’ and this performance by Stewart demonstrates that their people are among the best in the business at helping their middle-market customers excel.”
Mr. Cahn said, “I couldn’t be more proud of our people and the way they execute their jobs tirelessly everyday. We have a superb team here, and to be backed up by the entire Global organization provides us an unbeatable combination of resources and talent to offer our customers.”
About Stewart Business Systems
Providing reliable, efficient, and cost competitive equipment since 1959, Stewart Business Systems is the largest Savin distributor in the country and is the only independent copier dealer providing sales and service for the entire state of New Jersey and Eastern Pennsylvania. Stewart offers innovative Savin brand hardware, software and support options that simplify complexity in today's office. While Stewart’s corporate offices are located in Burlington Township, NJ, Stewart Business Systems employs over 150 people in seven sales and service offices, located in Bloomfield, Princeton, Vineland, and Freehold, NJ, as well as Philadelphia and King of Prussia, PA. Quality has been the cornerstone of Stewart Business Systems for nearly half a century.
About Global Imaging Systems
Global Imaging Systems offers thousands of middle-market customers a one-stop shop for office technology solutions from 184 locations in 30 states and the District of Columbia. The company provides a broad line of office technology solutions including the sale and service of automated office equipment, network integration services and electronic presentation systems. The company is also a disciplined, profitable consolidator in the highly fragmented office technology solutions industry.
