In the 2006-2007 timeframe, Photizo Group consulted with various Wall Street hedge funds. After several
sessions with these funds, it became apparent the questions that were being asked required more in-depth
research. It was decided that Photizo needed a report on financial profitability and started gathering
information on the printing and imaging manufacturer’s revenues and operating income. This was the
genesis of this report. Photizo has taken the original financial numbers from 2007 and proceeded to add
revenues and operating income from 2014. What we found will surprise the most ardent reader in the
printing and imaging industry.