Flint Ink and XSYS to Merge

Management teams from the participating companies are enthusiastic about the prospects of the merged group. Dave Frescoln, currently chief executive officer of Flint Ink, will become CEO of the new group. Peter Koivula, CEO of XSYS, will become Vice Chairman of the new company, with special Board responsibilities for strategic matters and the relationship with major customers at a senior level. Howard Poulson, non-executive Chairman of XSYS, will assume the same function within the combined group.