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CANNON IV, INC. ACQUIRES OHIO-BASED MANAGED PRINT SERVICES RESELLER

INDIANAPOLIS, IN – Cannon IV, Inc., an Indianapolis-based company that provides imaging and printing solutions, announced the acquisition of the assets of Office Source One Inc., an Ohio based provider of managed print services and solutions. The addition of the Office Source One resources and expertise will enable Cannon IV to continue the development of the Ohio and northern Kentucky markets.

Headquartered in Cincinnati, Ohio, Office Source One services numerous commercial and public organizations including: healthcare, industrial, financial, K-12 school systems and higher education colleges and universities. The company’s management and staff will remain and join the Cannon IV organization.

“We will now be able to offer our current customers more resources than ever before due to the experience and expertise behind Cannon IV, Inc.,” Carl McClurg, Office Source One President, explained. “Clients will now enjoy such things as Cannon IV’s MarketPlace™ online purchasing capabilities and preeminent relationship with Hewlett-Packard Company that weren’t available prior to this agreement.”

Another important element that Cannon IV brings to the table is its breadth and depth of resources to support the local, regional and national needs of commercial and public sector organizations.

“This acquisition will clearly strengthen our overall position and technical resources in the managed print services market in Ohio,” said Cannon IV President and CEO Jerry Jones. “We are excited to have the Office Source One team and customers join the Cannon IV family.”

About Cannon IV, Inc.

Cannon IV, Inc., founded in 1974, is the leading independent provider of managed print services, and technology, with over 3500 customers nationwide. Cannon IV integrates best-in-class systems from leading manufacturers, such as Hewlett-Packard Company, Panasonic, Capella Technologies, Pharos and MPI Technologies to improve document workflow and increase efficiency. As an HP Office Printing Solution Elite, Graphics Elite Design and Public Sector Elite certified business partner, Cannon IV is dedicated to staying ahead of the ever-changing world of office technology. This has enabled Cannon IV the ability to provide innovative service programs and an ever-expanding line of printers, multifunction printers, and related equipment and software applications. Cannon IV is headquartered in Indianapolis, Indiana, with a regional office in Columbus, Ohio.