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GreenPrint Launches an Initiative to "Pay the Fortune 500 to Go Green"

Submitted by: GreenPrint Technologies

Categories: Corporate Social Responsibility, Clean Technology

Posted: Jun 12, 2007 – 08:30 AM EST


The new program gives GreenPrint software to large organizations at no cost in exchange for a portion of the savings the software creates.

Jun. 12 /CSRwire/ - PORTLAND, OR — June 12, 2007— GreenPrint Technologies announced today an initiative to give away its paper and ink saving software to large organizations in exchange for half of the savings the software creates.

"Because the environmental benefit is so significant, we want to do everything we can to make it as easy as possible for large organizations to use GreenPrint," said GreenPrint CEO Hayden Hamilton. "We also see it as symbolic of GreenPrint's revolutionary proposition – saving money while saving the environment. Has any other company ever offered to pay the Fortune 500 to go green?"

According to studies released by Citigroup and Lexmark, wasted pages account for as much as 25% of all printed material and cost the Fortune 500 over $1 billion a year. Gartner Research estimates 1% to 3% of Fortune 500 revenues are spent on printing costs annually, and those costs are increasing every year. "Each office worker currently uses up to 50 sheets of A4 [printer] paper a day," says Louella Fernandes, Principal Analyst with Quocirca, "and estimates predict office paper consumption increasing by 20% per year on average."

In addition to monetary losses, Fortune 500 printer waste also results in over 2 million additional trees being harvested annually, according to studies by UNESCO and Conservatree. "Those are significant numbers," says Greg Meyer of American Forests, "If the Fortune 500 used GreenPrint to eliminate printer waste it would yield profound benefits to our environment for generations to come."

GreenPrint's Enterprise software eliminates wasteful pages in any printout automatically, saving time, money, and trees. GreenPrint does this by analyzing each page of every document sent to the printer and looking for typical waste characteristics (like that last page with just a URL, banner ad, logo, or legal jargon). GreenPrint also incorporates an easy to use PDF writer, an innovative print preview, and a reporting feature which keeps track of the number of pages and the amount of money saved.

The "Get Paid to Go Green" initiative will run through the end of September, and is available to organizations with more than 1,000 computer users.

GreenPrint Technologies LLC is the maker of software designed to reduce waste in home and office printing. Their products include GreenPrint Home, GreenPrint Enterprise, and EverGreen font.

For more information please visit http://www.printgreener.com.

For more information, please contact:

Elise Burke GreenPrint Technologies
Phone: 503.459.7545
Phone 2: 503.241.0818
Caitlin McCool GreenPrint Technologies
Phone: 503.241.0818


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