Pitman President Joe Demharter to Leave Company in 2009

TOTOWA, NJ— May 22, 2008—Pitman Co., a leading independent North American graphic arts supplier, has announced that Joe Demharter, who has been President of the company since 2001, will step down from the post at the close of the company’s current fiscal year on March 31, 2009. In accordance with the terms of his agreement with the company, he’ll remain on the Board of Directors and enter into a consulting arrangement.

Peter J. Moore, Executive Vice President, Sales, has been named to succeed him as President on April 1, 2009.

Commenting on Joe’s decision, Paul F. Schmidt, Jr., Chairman and Chief Executive Officer of Pitman, noted, “Joe has headed the company during the technology revolution that has dramatically changed the business dynamics of the graphics industry. In that environment, he expanded our portfolio of digital products and support services, successfully completed several important acquisitions that have widened our marketplace, and become a very visible and recognized industry leader. His valuable contributions have positioned Pitman Company for the next exciting phase of our growth when Peter Moore assumes the post.”

“Ever since joining us,” Mr. Schmidt, added, “Peter has been a consistent contributor to Pitman’s success. We are delighted that he has accepted the appointment to his new role of leadership. Peter is a knowledgeable, solid executive who has earned the respect and admiration of our customers, our manufacturers and his colleagues throughout the company. When the transition is completed, we will be looking to him as President to set a course for the company that takes us to new business horizons with wide channels of opportunity to serve the fast changing technology requirements of the graphics industry.”

Moore stated “I am very pleased to have been named by Peter Schmidt to succeed Joe Demharter as President of Pitman. I am honored by Peter’s confidence in me to continue Pitman’s legacy of leadership and the strong capabilities that enable us to stay in the forefront of new technologies. Following Joe in the post will be challenging, but he and I will be working together through the extended period that he is providing to assure a smooth and successful transition when he concludes his service as president.”