EFI Completes Acquisition of VUTEk

GAAP Outlook

For the second quarter of 2005, the company expects to report a GAAP loss in the range $0.69 to $0.70 per share, which will include the non-recurring write off of in-process research and development related to the VUTEk® acquisition, the amortization of intangibles related to acquisitions and stock based compensation expense as well as other non-recurring gains and losses. The preliminary valuation of the one time, non-recurring write off of in-process research and development and intangible assets was based upon EFI's preliminary evaluation of VUTEk®'s technology. The final valuation, which will be completed following the closing of the acquisition, may be materially different than the amounts contained within this press release.