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FOR IMMEDIATE RELEASE

PrintSoft Acquires Program Products

MELBOURNE, – March 1, 2006- PrintSoft today announced the completion of its acquisition of Program Products (Services) Ltd in the UK together with its French subsidiary, Program Products SA. Coming 9 months after Australia Post’s acquisition of the PrintSoft Group companies in Australia, Germany, the Czech Republic and the United States, this takes PrintSoft to a $Aud 30M company with about 150 staff in offices across Europe, Australasia and the Americas.

The inclusion of Program Products within the enlarged PrintSoft Group brings the advantages of efficiency in product development and marketing as well as shared experiences, and a common approach to customer relations. Being able to service customers from offices in most of the world’s major centres offers significant benefits to multi-national accounts, and membership of a larger group provides additional career opportunities that will help the company attract and retain the highest calibre staff.

According to Mark Worsley, CEO of PrintSoft, “the Program Products acquisition was a key move in completing the initial phase of Australia Post’s business strategy for PrintSoft. This is a first-class company with a superb reputation, a very supportive customer base and excellent staff. With this important addition to our group there can be no doubt that we are a major player in the exciting field of mail technology. Our customers rank amongst the world’s largest mail producers and we operate in partnership with all the major equipment vendors. And our parent, Australia Post, provides the stability and financial strength that our customers seek”

“For Program Products” said John Harris, the company’s founder and Chairman “joining the PrintSoft Group is the logical next step in a relationship that has served us proud for over twelve years. The major part of our business is related to PrintSoft and we have developed an excellent relationship with them at all levels of the company. As the fast-moving electronic document market develops we look forward to taking that relationship forward to continue to serve our customers and partners with a new vigour and support”.

With 17 years experience and more than 5,500 PReS document production systems installed in 50 countries, PrintSoft is a world leader in document systems. Its unique end-to-end mail system, DeskDirect, was recognized at the 2006 Xplor International Conference, receiving the "Xplor Technology Application Award."

Program Products was founded 25 years ago and has been working in close partnership with PrintSoft since it first brought PReS to the UK in 1993. Program Products SA was formed in 1996 and, under the direction of its president, Robert Quilling, rapidly grew to prominence in the French document systems market. Together the two companies, who have about 400 customers, employ 45 staff in offices in Surrey, Manchester and Paris.

For more information please visit www.program-products.com or contact PrintSoft:

e-mail: sales@printsoft.com
Telephone +61 (0)3 8585 -2900