Konica Minolta Acquires Nevada Business Systems

Nevada Business Systems will operate as a subsidiary of Konica Minolta Business Solutions U.S.A. and maintain its Las Vegas headquarters.

KONICA MINOLTA ACQUIRES NEVADA BUSINESS SYSTEMS

RAMSEY, N.J. - April 11, 2005 - Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) today announced that it has acquired Nevada Business Systems, Inc., a full-service Konica Minolta dealer servicing Las Vegas and Clark County, Nev.  Nevada Business Systems will operate as a subsidiary of Konica Minolta Business Solutions U.S.A. and maintain its Las Vegas headquarters and roster of 20 employees.

Konica Minolta purchased Nevada Business Systems from Gary Martin, a 42-year veteran of the copier industry, who will continue to run the day-to-day operations of the company.  Martin purchased the company in 1994 and changed its name from Preferred Copy to Nevada Business Systems in order to reflect the technological evolution of the copier industry.  Preferred Copy had been a Konica dealer since 1976. 

"This acquisition positions us to increase Konica Minolta's presence in the Las Vegas valley," said Jun Haraguchi, president and CEO, Konica Minolta Business Solutions U.S.A., Inc.  "Nevada Business Systems has developed a strong reputation for their technical expertise and unparalleled service and they are in an ideal position to continue to grow in the region."

"Konica Minolta is known by our customers as a company who provides innovative digital technology that helps them streamline their business operations and saves them money.  The company's continued technical innovation has been critical to our success as about 60 percent of our installations are now connected devices, compared to only 10 percent a year ago," said Gary Martin, president, Nevada Business Systems, Inc.  "As part of the Konica Minolta family, Nevada Business Systems is now linked with the company's track record of pioneering digital technology.  This acquisition will benefit both our customers and employees."

About Konica Minolta Business Solutions U.S.A., Inc.
By bringing together the strengths of its two founding companies, Konica Minolta Business Solutions U.S.A., Inc., headquartered in Ramsey, New Jersey, is dedicated to providing its customers with complete solutions for their document creation, production, and management needs. Konica Minolta provides the essentials of imaging to companies and organizations ranging from the small office/home office to large production operations with its full line of digital color and black & white printers/copiers, multifunctional peripherals, desktop laser printers, plain-paper facsimile machines, software and network solutions, and professional services. 

An industry leader in image capture, output and management, Konica Minolta provides world-class service through its extensive network of direct sales offices, authorized dealers, resellers and distribution partners in the United States, Canada, Mexico, Central America and South America.  For more information, please visit Konica Minolta on the World Wide Web at www.kmbs.konicaminolta.us.

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