Jim
Loden, President of Image1, had this to say, “The acquisition of Depot
America advances our global strategy to be the worldwide leader in
printer parts. Depot America’s operational strength and phenomenal
customer loyalty team make them a natural fit for the Clover
organization and will raise the bar for world-class service.” Depot
America is headquartered in Farmingdale, New Jersey and is the major
printer parts supplier for the East Coast.

John Tiano, President
of Depot America, added, “Depot America is proud to become part of the
Clover organization. Depot America’s operational excellence will help
drive, support and add to all existing Clover/Image1 printer part
processes and customized solutions. The breadth and reach of the
Clover/Image1 organization will further elevate the level of service we
provide to our existing Depot America customers. This transaction will
immediately make Image1/Depot America the leading printer parts provider
in North America.”

“This acquisition is not only great for
Image1 and Depot America, but even more so for our combined customers.
As we bring the best of both companies together, we will be able to
deliver the highest quality parts quicker and more economically than
anyone else in the world,” said Loden.

About Clover Holdings, Inc.
Clover
Holdings Inc. is the global leader in providing vertically integrated,
closed-loop environmental solutions, including the recycling and
remanufacturing of imaging supplies. Founded in 1996 and with an annual
revenue of over $500 million, Clover is one of the fastest growing,
privately held companies in the United States. Clover is also the
world’s largest collector and recycler of empty ink and toner cartridges
in the aftermarket imaging supplies industry and provides comprehensive
recycling services for small electronics including cell phones. The
complete line of Clover’s quality imaging supplies is available through
industry leading resellers and wholesalers and marketed under a variety
of private label brands. To learn more, visit www.clovertech.com.

About Image1
Image1
is the global leader in the distribution and manufacturing of laser
printer parts and certified pre-owned printers, selling to printer
service organizations and resellers. Headquartered in Plano, Texas,
Image1 offers customers the best parts distribution capabilities in the
industry, outstanding personalized customer service and market leading
prices. Image1 also offers comprehensive recycling programs for toner,
ink, maintenance kits and fusers and printers. To learn about our
complete offering of products and services, please visit us online at
www.image1products.com.

About Depot America
Depot America was
founded in 1988 on a powerful combination of foresight, expertise and an
unyielding commitment to innovation, quality and support services.
Years of steady growth and many satisfied customers demonstrate our
dedication to superior customer service and excellence in hardware
technology, thus expanding and perpetuating our company’s impressive
record of success. Today, Depot America is recognized as one of the
leading hardware service sources in the industry. For more information,
please visit www.depot-america.com