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Toshiba Expands Ohio Market Position with Dealer Acquisition

3 Mar, 2008

Toshiba Expands Ohio Market Position with Dealer Acquisition

IRVINE, CA (Feb. 19, 2008) – Toshiba Business Solutions (TBS) today announced that it has further increased its market influence in the greater Ohio metropolitan area with the acquisition of Northcoast Business Systems and Northcoast Duplicating, based in Cleveland. Prior to this acquisition, the companies were authorized Toshiba and Lanier dealers providing a wide range of document imaging products and solutions, as well as print management services to the northeast Ohio market, including health care, education and Fortune 500 corporations. This acquisition marks the 53rd dealer acquisition for TBS since the inception of the company’s business expansion plan. Northcoast will become the 17th core company for TBS.

“Toshiba and the Northcoast companies have had a long-standing relationship that extends back to the mid-1980s, and as such, it’s a great tactical move for us to bring the tremendous assets of the Northcoast companies in as the cornerstone of a new Toshiba subsidiary,” said Wayne Wilkinson, vice president/general manager, TBS.

“Northcoast Business Systems and Northcoast Duplicating have an excellent reputation for quality and service, with strong ties to the business community throughout northeast Ohio. We are excited to incorporate their expertise into our Ohio group, and look forward to seeing them contribute to our overall strategy for growth in this key market."

With more than two decades of experience in the document imaging market, Northcoast Business Systems has won numerous awards for growth and excellence, including being ranked as one of the Weatherhead 100 Fastest Growing Companies in Northeast Ohio six years running and earning 12 National Top 50 Dealer Awards. Previous owner Sonny Kumar will continue to serve as president of Northcoast Business Systems, a Toshiba company.

“Toshiba fits the business culture we’ve fostered over the years, and is a market leader that supports the tradition of excellence that Northcoast has come to represent in the Cleveland and Akron business markets,” said Kumar. “On behalf of our associates, we are excited to continue providing world-class service to all of our existing customers and expand our market presence with the resources that come with being a Toshiba subsidiary.”

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