Datacolor Reveals Strategic Management Transition to Prepare for Future Company Success

Datacolor Reveals Strategic Management Transition to Prepare for Future Company Success

Albert Busch Takes Reins from CEO Terry Downes With Emphasis on Core Competencies to Promote Growth

LAWRENCEVILLE, NJ - December 2, 2008 - Datacolor, a global leader in digital color management technology, today announced that parent company Eichhof Holding AG in Switzerland will sell its remaining real estate business interests, leaving Datacolor as the only operating company and paving the way for Eichhof Holding to rename itself with the Swiss stock exchange as Datacolor AG, following shareholder approval. The announcement gives Datacolor resources to develop a strategic growth plan that builds upon its current success as an industry-leading technology company in color management solutions.

As part of the company’s plan moving forward, the Board of Directors at Eichhof Holding AG has announced that Albert Busch, current Vice President of Datacolor’s Industrial Business Unit, will succeed Terry Downes as CEO of Datacolor effective January 1. 2009. Downes, a 35-year veteran at Datacolor and company CEO for the last 7 years, will head a new business development team to coincide with Busch’s strategy for the company’s future growth. Mr. Busch’s combined experience in electrical engineering, industrial management and day-to-day business practices make him the perfect candidate for CEO. A primary objective as CEO will be to focus the company on its core competencies in areas of business that will have the greatest impact on corporate growth moving forward.

“As an employee of Datacolor for 35 years and its CEO for the last seven, I am delighted with the opportunity Datacolor has to develop a strategic plan for future growth based on the company’s current leadership position in the marketplace,” said Terry Downes in a recent interview. “I am excited to be part of the Business Development team that will identify future opportunities for Datacolor. I’m extremely proud of where the company has been and even prouder of where it is going,” Downes concluded.

“I am very grateful to Terry (Downes) for his dedication to Datacolor over the last 35 years and specifically as its President and CEO for the past seven years. It is quite clear that I have some very big shoes to fill,” said Albert Busch while addressing employees about the status of the company’s plan to become a stand-alone, listed company. “We are facing challenging times, both as a company and as individuals, but I am confident that with proper focus, and adapting our strategies and actions accordingly, we will steer the company towards sustainable and profitable growth.”

Albert Busch joined Datacolor with strong domestic and international business development and marketing experience. His well-developed analytical, interpersonal and organization skills are ideally suited for his new roll as President and CEO. Busch spent the last 16 years at Bekaert, a Belgium-based global manufacturer of advanced metal materials and coatings used in the automotive, textile, glass, automation, electronics, and chemical industries. His most recent position at Bekaert was Vice President of Bekaert Corporation and General Manager Americas of its Stainless Technologies Division headquartered in Marietta, GA. Mr. Busch joined Datacolor 10 months ago as Vice President of the company’s Industrial Business Unit. Mr. Busch currently resides in Princeton, NJ with his family and will be based out of Datacolor’s corporate offices in Lawrenceville, NJ.

Other Executive Appointments
To further prepare for the company’s new direction as a publicly traded company, Datacolor has announced a number of new executive appointments to ensure proper management oversight as the company moves forward.

Stefan Dobler, who currently interim CFO at Eichhof Holding, has accepted the role as Datacolor’s CFO. Mr. Dobler will continue to work out of the company’s Dietlikon, Switzerland office where he can oversee and better comply with Swiss securities laws and regulations. It will also allow Dobler to have direct physical contact with the majority of its investors and financial partners who are primarily based in Europe.

Brian Levey, who is currently Vice President of the Consumer Business Unit at Datacolor, will accept the position of Vice President of the Industrial Business Unit, a position soon-to-be-vacant with Albert Busch’s new roll as President and CEO. Mr. Levey’s initial position at Datacolor was within the Industrial Business Unit until the company acquired Colorvision companies in 2000 where he currently runs the business under the successful Consumer Business Unit at Datacolor. Levey brings 12 years experience in color and his knowledge of the market, along with his experience in the industrial sector, makes him the ideal selection for replacing Mr. Busch.

Christoph Gamper, who currently manages Datacolor’s Consumer Business Unit in Europe, will now become the company’s new Vice President of the Consumer Business Unit, effectively replacing Brian Levey. Mr. Gamper has managed the Consumer business in Europe since joining Datacolor in 2002 and has successfully grown sales and market share. Gamper will continue to work with Datacolor under his new title from the company’s Dietlikon offices.

“I am a strong believer that success comes from everyone in the company understanding our corporate goals and how they can contribute,” says Mr. Busch. “We will focus on this ‘deployment’ of responsibility in the coming months so we can be successful as individuals and as a company. And finally,” Busch continues, “I believe focus is a key ingredient to the success of any company. Considering today’s turbulent financial market conditions, personnel and financial resources must be thoughtfully-managed. Moving forward I will look to Datacolor’s management and employees to ensure that we maximize our talents and technologies.”

About Datacolor

Datacolor is a global leader in color management solutions and color communication technology. The world’s leading brands, manufacturers, creative professionals and consumers, have been choosing Datacolor’s innovative technology and solutions to consistently achieve the right color for nearly 40 years. A Swiss held company, Datacolor’s global presence encompasses a sales, service and support network serving customers in more than 65 countries throughout Europe, the Americas and Asia, along with 13 worldwide operation and production facilities. Industries served include apparel and textile, paint and coatings, automotive, plastics, photography, home theater and others. For more information about Datacolor and its products or services, visit www.datacolor.com.