Printlife Raises $10 Million in Funding Lead by Scitex, Mitsubishi Corporation and JAFCO Ventures
   
  Stoneham, Mass - November 27, 2000
Printlife, a provider of innovative services that enable consumers to display and share digital images in a bound, hardcover photo book, today announced it has secured an additional $10 million in funding lead by Scitex Corporation, Mitsubishi Corporation and JAFCO Ventures. Scitex and Mitsubishi Corporation are new investors in Printlife. Existing investors JAFCO Ventures, Israel Seed Partners, DOR Ventures and Apax Partners increased their initial investments in the company. Triangle Technologies Ltd., a founding shareholder in Printlife, helped establish Printlife's operations in Japan and served as investment banker for Printlife in the current round of financing for the Japanese investment.
   
  Printlife launched in Japan in July 2000 with its inaugural product offering, the Printlife PhotoBook™, and plans to launch in the United States in mid-November. The new funding will help support Printlife's marketing and business development efforts globally, including maintaining its state-of-the-art manufacturing facilities in Japan and the United States, further developing its patented software technology, and expanding its partner strategy.
   
  "Printlife is in an excellent position to emerge as a global leader in the growing digital image printing market," said Yoav Z. Chelouche, president and CEO of Scitex. "Printlife's state-of-the-art printing facilities in the U.S. and Japan, patented technology solutions, and experienced senior management team have already helped Printlife establish its footprints in the market in a very short period of time."
   
 

"Our investors are confident that the combination of Printlife's unique consumer product, sound business model, industry-seasoned management team and innovative technology will lead to our success in the digital image printing market space," said Meg Weston, president and CEO of Printlife.
   
  About Printlife
Founded in October 1999, with offices in Israel, Japan and the United States, Printlife is an online provider of innovative services for capturing, expressing and displaying the images that tell life's stories. The company's products will enable consumers to capture, design, display and enjoy their digital images for years to come. Printlife's initial offering, the PhotoBookTM offers consumers superior image quality, extensive personalization, the durability of a hard cover book; and the ease of drag-and-drop software.
For more information please visit www.printlife.com
or call 781-279-2112, x17.
   
  About Scitex Corporation Ltd.
Scitex Corporation Ltd., a world leader in digital imaging solutions, is building a network of leading, innovative companies focused on combining digital imaging technologies with the power of the Internet to create a world of visually rich business communications. Scitex shares trade on NASDAQ under the symbol SCIX.
For more information, please visit our Web site at www.scitex.com.
   
  About JAFCO Ventures
JAFCO Ventures is a leading early stage technology firm that targets the IT industry using a balanced investment strategy across sectors, stages and geographies. JAFCO Ventures' management team has 78 years of collective private equity investing, entrepreneurial, and IT experience. JAFCO Ventures has incubated such leading communications companies as Avanex and Monterey Networks and has made early stage investments in companies such as Aptis Communications, Brocade Communications, Digital Island, Airgate PCS, Netrail and Oresis Communications. In the world of Internet infrastructure, JAFCO Ventures has made significant investments in such firms as eDocs, Idiom, Lightspan Partnership, Net Perceptions, Peakstone and Silknet Software. JAFCO Ventures manages combined funds of $750 million and has offices in Palo Alto, California and Boston, Massachusetts. JAFCO Ventures was listed as one of the most successful venture capital firms in 1999 by Forbes magazine and was 5th overall in terms of total return based post IPO performance in 1999.
   
  About DOR Ventures
DOR Ventures (www.dorventures.com), invests in promising young companies in the areas of the creation, management and electronic delivery of digital content, as well as in imaging and innovative digital printing technologies. Founded by leading publishing executives, DOR Ventures that expects to reach $50 million, concentrates its investments in emerging, early stage, pre-IPO and public companies that are based primarily in the United States, Europe and Israel.
   
  About Triangle Technologies
Triangle Technologies forms technology oriented alliances between Israeli and Japanese companies. Triangle Technologies has three major areas of activity strategic alliance formation; private placement and venture creation. With more than 100 years cumulative experience in Japanese, Israeli, and international marketplaces, Triangle Technologies' executives work with Israel's technology leaders and Japan's leading manufacturers, Internet and e-commerce players, trading companies, venture capital funds, and other financial institutions. Triangle Technologies has signed over 60 Asian-Israeli deals, and has been instrumental in creating new ventures, most recently in the Internet and e-Commerce area. More information is available at http://www.triangletech.com.
   
  About Apax Partners
Apax Partners, known as Patricof & Co. Ventures in the United States, is one of the world's leading private equity investment groups. It pursues a balanced portfolio strategy, investing in companies at all stages of development from start-up to buy-out. Founded in 1972 in the United States and Europe, Apax Partners currently has over $7 Billion under management from leading international institutes investors. Apax Partners has 150 investment professionals across the Telecom, IT and Healthcare industries, in ten offices in Europe, the United States and Israel. Some of Apax Partners funds recent technology investments include Autonomy Corporation, Dialog Semiconductor, Future Networks, Jazztel and QXL.com, Webraska and ZymoGenetics. The group has investments in 250 companies worldwide. Apax Partners Israel's team of twelve investment professionals manages $740 million and focuses on the Telecom, Information Technology and Healthcare sectors. Apax Partners in Israel has invested in 30 companies from seed through pre-IPO including CommTouch, FundTech, Compugen, Ceragon Networks, TdSoft, D-Pharm, EZChip Technologies and Butterfly VLSI. The Israeli three partners are Allan Barkat in the telecom sector, Amos Goren in healthcare and Oren Zeev in information technology.

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