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Chicago Office Technology Group Wins President's Award at Global Imaging Systems' Annual Global Leaders Meeting

Chicago Office Technology Group Wins President's Award at Global Imaging Systems' Annual Global Leaders Meeting

BOLINGBROOK, Ill. and TAMPA, Fla., June 23 /PRNewswire/ -- Chicago Office Technology Group (COTG), a Global Imaging Systems, Inc. core company based in Bolingbrook, IL, recently won the President's Trophy at the 10th Annual Global Leaders Conference. The President's Trophy is awarded annually to the core company with outstanding performance in a combination of total revenue percent versus budget, operating income versus budget, operating income percent over budget, cash flow percentage of total revenue, cash flow percentage of earnings before interest and taxes (EBIT) and cash flow percentage of earnings before interest, taxes, depreciation and amortization (EBITDA).

Michael Shea, president and chief operating officer of Global Imaging Systems, said, "President Frank Gaspari and all the employees at COTG should be extremely proud to be among the top two Global companies for the second year in a row. It is precisely this kind of consistent top level performance, year in, year out, by COTG and many other Global companies that sets us apart from the competition."

Mr. Shea said, "COTG's results were outstanding. They achieved revenues and operating profit that were well ahead of budget. The theme of this year's Global Leaders meeting was 'Our People -- A Decade of Passion and Excellence,' and this performance by COTG demonstrates that their people are among the best in the business at helping their middle-market customers excel."

COTG President Frank Gaspari said, "I couldn't be more proud of our people and their commitment to customer service. We have a superb team here, and to be backed up by the entire Global organization gives us an unbeatable combination of resources and talent to offer our customers."

About Chicago Office Technology Group

COTG is a Global Imaging Systems core company serving middle-market customers in the greater Chicago metropolitan area from offices in Bolingbrook, Chicago, Tinley Park, Lombard and Rolling Meadows, Illinois, and Valparaiso, Indiana. COTG is one of the Midwest's leading providers of office technology solutions including the sale and service of Ricoh, Konica and Toshiba digital copiers and fax products.

About Global Imaging Systems

Global Imaging Systems offers thousands of middle-market customers a one- stop shop for office technology solutions from 184 locations in 30 states and the District of Columbia. The company provides a broad line of office technology solutions including the sale and service of automated office equipment, network integration services and electronic presentation systems. The company is also a disciplined, profitable consolidator in the highly fragmented office technology solutions industry.

Global Imaging Systems, Inc.

CONTACT: Tom Johnson, Chairman and CEO, Global Imaging Systems, Inc.,
+1-813-960-5508; or Investor Relations Consultants, Inc., +1-727-781-5577, or
[email protected], for Global Imaging Systems

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