Check out this PR. With Disio as ceo, they are propelled into a whole new league.
Anthony DeSio, Founder and Former Head of Mail Boxes Etc., Takes over Helm at IDTec in Vista
PR Newswire, Tuesday, November 10, 1998 at 17:35
VISTA, Calif., Nov. 10 /PRNewswire/ -- Anthony (Tony) DeSio, who founded
Mail Boxes Etc. in 1981, and was its president and CEO until the company was
sold in 1997, has been named CEO and Chairman of the Board of International
Digital Technology, Inc. ("IDTec"), (BB: IDTX) based in Vista,
CA.
A leading designer, integrator and marketer of sophisticated wide-format
digital printing software systems, IDTec is involved in several markets where
DeSio's expertise in franchising, financial matters and international
business, will be invaluable to the Company's expansion plans.
"I believe there are vast business and consumer markets for low cost,
limited quantity, specialty print products which can be produced by the
technology pioneered by IDTec," DeSio said of his new company.
"IDTec's proprietary process for coating canvas, vinyl, and other print
media, along with our leadership position in the development of software
required to rapidly reproduce high quality images using low cost, wide format
digital printers, places IDTec in an excellent position to capture a
significant share of several emerging markets," said DeSio.
DeSio's relationship with IDTec began in June 1998 when the Company
acquired his most recent business venture, a start-up company called Memories
on Canvas(TM), and DeSio became Chairman of IDTec's Advisory Committee.
Memories on Canvas uses a computerized, digital inkjet printing process to
reproduce an ordinary photograph onto an artist-quality canvas suitable for
use as a wall hanging.
The acquisition gave IDTec a third profit center in the large format
printing industry complementing its proprietary graphics system, media and
substrate sales. The Company also intends to develop a franchising program
built around the Memories on Canvas process, and has recently acquired
PhotoArts (UK) Ltd., a UK firm which is currently franchising a similar
concept utilizing IDTec's technology.
DeSio's career with MBE paralleled and, some would say propelled, a golden
age of franchising that began in the '70s and flourishes today. Under his
leadership, Mail Boxes Etc. grew from a single outlet in Carlsbad, CA., to
3,500 stores with retail sales of over $1 billion and master licenses in more
than 50 countries.
He was twice named Entrepreneur of the Year: first by Inc. Magazine in
1989, and later by the International Franchise Association in 1996.
In addition, during 1971 and 1972, DeSio was a Presidential Interchange
Executive assigned to the Executive Office of the President of the United
States.
Prior to MBE, Mr. DeSio had a successful engineering management career
with Lockheed, Western Union and General Electric, where he established GE's
first digital image processing laboratory in 1973.
About International Digital Technology (IDTec)
IDTec offers customers a one-step, wide format, print management system.
The company integrates computers and wide format ink-jet printer and scanner
equipment with IDTec's proprietary wide format, one-time scan and print,
digital color management software known as RapidColor Rip Software.
The result is an integrated system that provides a "plug and play" wide
format print solution that allows one-step digital scanning and fast printing
on surfaces up to 60" wide and almost any length. The Company also markets a
line of coated inkjet media, including canvas, vinyl and plastics.
IDTec is a certified international reseller of Hewlett-Packard large
format printers, and the Company's "scan and print" RapidColor RIP software
has been approved by HP and is qualified for its selective VIP Graphics Gold
Solution Bonus program. The Company is also an HP special strategic marketing
partner, which allows its customers to enjoy the benefits of HP's worldwide
marketing efforts.
The Company's management and sales force are among the most experienced in
the industry and collectively have sold over 2,000 wide format printers, or
nearly 10% of the total installed base in the United States.
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made by
International Digital Technology) contains statements that are forward
looking, such as statements relating to the future anticipated direction of
the wide-format printing industry, plans for future expansion, various
business development activities, planned capital expenditures, future funding
sources, anticipated sales growth and potential contracts. These forward-
looking statements are subject to a number of known and unknown risks and
uncertainties that could cause actual operations or results to differ
materially from those anticipated.
SOURCE International Digital Technology, Inc.
-0- 11/10/98
/CONTACT: Blaine Roberts of IDTec, 800-699-7468/
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