QIP Welcomes Carl Martignetti to its Board of Directors

September 15 , 2002 - Lake Forest, CA - (BUSINESS WIRE) -- Carl Martignetti, President and Co-Owner of the Martignetti Companies, and Vice Chairman of the Harvard College Fund, has joined the Board of Directors of Quality Imaging Products (QIP), www.qip.net, a worldwide leader in toner and inkjet cartridge remanufacturing.  Martin Stein, QIP's CEO, commented, "We are honored that Carl has agreed to join the Board.  His leadership at the Martignetti Companies and as Vice-Chairman of the Harvard College Fund has made him a highly respected business executive.  Carl’s integrity, high standards, and sterling reputation make him an asset to any business, and we are especially fortunate to have him join our Board."

Mr. Martignetti stated, "Quality Imaging Products has had a long history of success.  Their selection by Inc. 500 as one of the Fastest Growing Companies in the US evidences their ability to provide outstanding quality and service for their customers.  And their selection by OC Metro as one of the “Best Companies to Work For” in Orange County is a tribute to the strong work environment that exists at QIP.  I am pleased to be a part of the QIP organization and look forward to helping the company remain on the leading edge of the industry.

As the President and Co-Owner of the Martignetti Companies, Mr. Martignetti is responsible for one of the largest distributors of wine, spirits, and beer in the United States.  Mr. Martignetti is a Director of the National Board of Wine and Spirit Wholesalers of America.

Mr. Martignetti is also Vice Chairman of the Harvard College Fund, Co-Chairman of the Harvard Associates Program, and a member of the Harvard Committee on University Resources.  He is active in a number of charitable causes, serving as a Trustee of the Belmont Hill School, a Director of the American Repertory Theatre, a Trustee of the Boston Lyric Opera, and a member of the Executive Council of the Inner City Scholarship Fund.

Mr. Martignetti received his BA from Harvard College, and his MBA from Harvard Business School.

Quality Imaging Products is a worldwide leader in imaging solutions. Customers look to QIP to provide them with high quality, environmentally friendly, low-cost solutions to their imaging needs. QIP's largest market is North America where it sells primarily through wholesalers, office products dealers, OEMs, computer products dealers, and printer service technicians.

QIP manufactures over 480,000 cartridges per year and employs 160 associates at its 30,000 square foot state-of-the-art facility in Lake Forest, California. QIP currently offers over 100 different product lines.  For more information on Quality Imaging Products, visit www.qip.net or call (800) 423-8600.