2002 A RECORD SALES YEAR FOR PARTS NOW!

Madison, Wis., January 31, 2003—International laser printer parts distributor Parts Now! announced record sales of over $74 million in 2002, more than a 13% increase over their 2001 sales. Parts Now! officials cited continued expansion of internal resources and employees, a new online ordering system, and changes in Lexmark’s printer part distribution structure, which allowed Parts Now! new opportunities to grow Lexmark part sales.

The announcement, which came despite the sluggish economy the past year, marked the 14th straight time Parts Now! has increased sales from the previous year—every year since their inception in 1989.

“2002 was a great year for a lot of different reasons, and really showed that Parts Now! will continue to explore new areas where we can provide better service,” CEO and President Dan Olszewski said. “Our customers have let us know that they appreciate the ease of ordering via our website and our expanded inventory of Lexmark parts.”

Olszewski went on to say that the November acquisition of printer part distributor CPG, which had been previously been named HP’s Outstanding Achievement winner, helped give sales a boost at the end of 2002 and create momentum for the 2003 sales year.

“The CPG acquisition provided us with new distribution channels and additional intelligent, motivated staff that brings new perspective and desire to contribute to Parts Now!,” Olszewski remarked. “I think their addition will aid us in reaching new heights once again this year.”