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Imaging Portals and Monitel Merge

7 Aug, 2001

Imaging Portals and Monitel Merge

August 7, 2001, (Las Vegas) - Imaging Portals Inc. (IPI), an industry-leading integrated document imaging, management services company, announced today its merger with Monitel Products Corp. Company CEO Mike Stramaglio stated, “I am very pleased to make this announcement today, and I am honored to welcome Mr. Bill Trust and the entire Monitel team to Imaging Portals. This merger is a powerful alliance of patents, products and people and is the first in a series of initiatives by Imaging Portals signaling our increasing commitment to the solutions side of the business. According to Mr. Stramaglio, “Imaging Portals is dedicated to providing three key areas of products and services:

*Professional Services for the document imaging industry
*Engineering and software for print management and ERP Systems
*The improvement of business efficiencies for the channel, the end user and the OEM.”

“The Monitel merger will help us reach our goal of providing intelligent machines, aligning all members of the supply chain and enabling a true “Device 2 Business”™(d2b) platform for our customers,” said Stramaglio. “I look forward to working with Bill and have great confidence that he and his team will make a huge contribution to IPI.”

Monitel Products Corp. has successfully provided the copier/printer industry with the ability to improve the maintenance and efficiency of the document imaging device-installed base. Monitel has been facilitating the efforts of many OEM copier/printer manufacturers seeking to add intelligence to their machines in the field through remote meter reading and diagnostic and service monitoring capabilities. Monitel is known for its innovation and holds a number of patents in the area of remote monitoring and machine communications, as well as proprietary technology in device intelligence. When implemented, these technologies improve hardware management and increase the administrative efficiencies and cost effectiveness of office workgroup products such as copiers, printers and MFP’s.

William M. Trust, Jr., president and CEO of Monitel stated, “I am very proud of the merger of Monitel with IPI. It is evidence of our ability to advance our engineering capability, leading to significantly improved software designed to optimize the intelligence incorporated into every copier, printer and MFP.” Mr. Trust continued, “Imaging Portals Inc. brings a new, innovative approach to the copier and printer industry along with some of the most talented and seasoned veterans of the document imaging and workflow management business. These elements foster the synergy of thinking and talent needed to look at an old business from an entirely fresh and novel perspective. The merger with Monitel symbolizes the commitment of IPI to provide the tools required to deliver the next generation of imaging solutions to document imaging industry dealers, customers and manufacturers.”

William M. Trust, Jr., of Monitel, brings over 30 years of executive and financial experience to IPI. He states, “Imaging Portals has the team and the technology to make Monitel’s strategic plans a reality. The partnership provides Monitel the opportunity to invest in increasing service levels and functionality for our existing client base. It enables us to build the next generation products and provides a clear path to increasing our market penetration, bringing together IPI’s Print Management Software, ERP systems and Professional Services with Monitel’s patented data acquisition methods.”

Mr. Duncan Rolph, VP of Marketing at Imaging Portals Inc., goes on to say, “The Monitel merger is the first step in a series of strategic initiatives designed to strengthen the engineering and device management software capabilities of Imaging Portals. In recent weeks we have announced the development of a great new management team, new products such as ImageTrack™ and ImageView™, and now we have concluded the first of several very powerful and strategic planned mergers and acquisitions.”

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