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Press Releases

March 2008

American Banknote (ABnote) Acquires Keystone Manufacturing (Plastics) Limited

March 2006

Keystone Manufacturing earns ISO 9001/2000 Certification

January 2005

Keystone Manufacturing Appears on World Business Review with Alexander Haig

July 2003

Keystone announces expansion in smart card production

February 2003

Keystone signs contract with Régie de l’assurance maladie du Québec

January 2003

Expansion in Smart Card Business

December 2002

Keystone announces W.I. (Bud) Kronenberg as President and COO.

November 2002

Keystone announces a major expansion in Quebec.

August 2002

Keystone is chosen to supply smart card loyalty and electronic gift certificate cards.

February 2001

Keystone is awarded three-year contract to manufacture ATM cards.

July 2000

Keystone acquires high speed smart card production equipment, appoints new staff.

February 2000

Newly appointed staff and company expansion.

November 1999

Keystone wins Elan awards for Best Phone Card Design.

July 1999

Newly appointed staff and sales representation in Quebec.


March 17, 2008
American Banknote (ABnote) Acquires Keystone Manufacturing (Plastics) Limited

Contact: David M. Kober Executive Vice President American Banknote Corporation
201-592-3400
kober@americanbanknote.com

Fort Lee, New Jersey, March 17, 2008 - American Banknote Corporation, parent of the ABnote Group, announced today that it has acquired Keystone Manufacturing (Plastics) Ltd., of Toronto, Canada, for an undisclosed amount of cash.

The acquisition of Keystone, one of Canada’s premier plastic card companies, provides the world-wide ABnote Group access to Keystone’s richly diversified suite of customers, along with the ability to take advantage of Keystone’s highly regarded reputation in smart cards. In addition, ABnote announced Bud Kronenberg would remain at the helm of the company together with the current management team.

As a result of the transaction, Keystone will gain immediate access to a wide range of new technologies including Arthur Blank’s “green” initiatives. Keystone will supplement its existing product lines through ABnote’s global strength in secure card issuance and cutting-edge identification products, as well as through its complimentary secure printing, warehousing, fulfillment services and information technology.

We are extremely proud to be able to acquire a company of the quality, experience and stature of Keystone,” stated Steven Singer, Chairman and Chief Executive of American Banknote Corporation. “Keystone allows us to enter Canada at a very exciting time as the banking community migrates towards EMV and as cross border identification becomes paramount between the USA and Canada.

Keystone has built a unique brand in Canada - being able to leverage the dominant skill sets and exceptional knowledge base that ABnote has attained means that Keystone will be able to become an even more significant force in the Canadian marketplace”, stated Bud Kronenberg, CEO of Keystone. “ABnote is accelerating into one of the world’s largest secure document, transaction and fulfillment companies and it is with a great sense of pride that my team joins forces with a market leader.

Notes Justin DeAngelo, Chief Operating Officer of American Banknote, and one of the credit card industry’s most respected figures, “Acquiring Keystone fulfills in part our strategic growth plan, further enabling us to become a major global force in both the secure and non-secure elements of card production and fulfillment. Keystone has carved out a unique niche in the non-secure smart card market and we intend to leverage this knowledge globally.

About American Banknote Corporation

American Banknote Corporation is a holding company and the parent of the ABnote Group, which operates through its subsidiary companies: American Banknote S.A. in Brazil, Leigh Mardon in Australia, ABnote NZ in New Zealand, CPS Technologies in France, ABnote Europe, s.r.o. in the Czech Republic, and American Bank Note Company and Arthur Blank & Co. in the United States. ABnote, which traces its founding to 1795 and American patriot Paul Revere, is a global supplier of secure documents, services and systems. Principal products include plastic cards, phone cards, paper certificates, lottery tickets, passports, state titles, certificates of origin, stock certificates, and checks. Services include print production, personalization, secure warehousing, distribution, and fulfillment. For more information on American Banknote, visit www.americanbanknote.com or call 201-592-3400.

About Keystone Manufacturing (Plastics) Ltd.

Founded in 1984, Keystone is a leading Canadian producer of plastic cards. Head office and card production facilities are located in Toronto, Ontario. Keystone has a sales and fulfillment facility in Montreal and sales offices in Calgary and Vancouver and has the capacity to print and personalize more than 150 million cards per year. Keystone supplies cards for casinos, hospitals, retail gift cards, Federal and Provincial government card programs, drivers licenses, loyalty cards, membership and both memory and processor smart cards. For more information on all of Keystone’s card products, visit www.keystoneplastics.com or call 416-293-3842.

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March 9, 2006
Keystone Manufacturing earns ISO 9001/2000 Certification

Keystone Manufacturing is pleased to announce ISO 9001/2000 certification, as of January 2006.

ISO 9001/2000 focuses on acheiving a high rate of customer satisfaction by documenting and improving work flow, and consistently delivering quality products on time.

"Keystone's ISO motto, 'Right, on time', reflects Keystone's determination to provide products of excellent quality while consistently meeting customers' expectations", says Bud Kronenberg, president of Keystone Manufacturing. "ISO 9001/2000 principles and guidelines provide us with an ongoing vehicle to ramp up our level of customer satisfaction while improving our overall product line."

Under the ISO 9001/2000 program, independent audits are conducted on a regularly scheduled basis to ensure all aspects of the manufacturing process are consistently performing within current ISO standards.

Keystone Manufacturing produces cards ranging from smart cards to custom tailored cards based on individual customer needs.

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January 20, 2005
Keystone Manufacturing Appears on World Business Review with Alexander Haig

Keystone Manufacturing and Multi-Media Productions (USA), Inc. announces the appearance of Keystone Manufacturing on World Business Review, hosted by General Alexander Haig.

The segment will focus on the challenges facing companies attempting to implement smart card programs.

"Keystone currently produces smart cards for applications across North America including loyalty, parking, identification, healthcare, transit, vending, access, payment, telecommunications, automotive and campus solutions with new applications for these Smart Cards emerging daily. This segment takes a closer look at these Smart Cards and how they're changing business and our everyday lives," said Production Manager Paula Melley.

Jim Simpson, Vice President of Sales and Marketing for Keystone says the airing of the segment has resulted in a number of interesting inquiries.

Click here to view Keystone's video segment on Alexander Haig's World Business Review

About World Business Review

World Business Review airs on CNBC Paid Programming and the Bravo! Network and reaches over 70 million households. World Business Review may also be viewed on United Airlines in-flight TV, or through video on demand via wbrtv.com.

The WBR Series is also available at more than 90 prestigious college universities, including Carnegie Mellon University, the University of Notre Dame, Dartmouth College and Georgetown University.

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July 1, 2003
Keystone announces expansion in smart card production

On this 136th birthday of Canadian Confederation, Keystone today announced further expansion to its Montreal and Toronto operations. Effective immediately the Montreal facility is manufacturing smart cards and hospital cards for use across the Quebec, Maritime and New England areas.

Additional personnel are being hired for this new work.

Keystone now has manufacturing operations and card bureau services in both Toronto and Montreal along with sales and service offices in Toronto, Montreal, Calgary, and Vancouver.

Also today Keystone announced it has expanded its card production capacity in Toronto by 40%, from 85 to 120 million cards annually.

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February 14, 2003
Keystone signs contract with Régie de l’assurance maladie du Québec

Keystone today announces the signing of a contract with the Régie de l’assurance maladie du Québec for the production of the Health Insurance Card currently being used in Québec. Under the terms of the contract, Keystone will make 4.7 million cards over the next two years.

The Régie de l’assurance maladie du Québec administers the Health Insurance Plan, the Public Prescription Drug Insurance Plan and some 40 other health and social services programs, for the benefit of 7.3 million Quebecers. Every year, the Régie issues over 2 million Health Insurance Cards.

Québec's Health Insurance Card, which bears the cardholder's photograph, is renewed over a four-year cycle. Cardholders must present their card in order to receive the insured services available in Québec's healthcare network. No person is allowed to loan or give away a Health Insurance Card, and the Régie de l'assurance maladie du Québec must be notified whenever a card is lost.

Keystone is Canada’s only independently owned plastic card manufacturer and is one of North America's foremost plastic card companies with offices in Montreal, Vancouver, Calgary and Toronto. Keystone's manufacturing plant and head office is located in Toronto, Ontario where its highly automated facility currently produces over 85 million cards annually.

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Toronto, Ontario (January 14, 2003)
Expansion in Smart Card Business.

Bud Kronenberg, President & COO of Keystone Manufacturing Plastics announced today, that the company has acquired a second high volume, high speed smart card production machine from Muhlbauer International in Roding, Germany. The continuing growth of Keystone’s smart card business and the need for faster throughput and initialization, has made this acquisition necessary. As a result, Keystone strengthens its position as one of the largest manufacturers of smart cards in North America. Smart cards are currently produced for customers across North America and the company is looking to extend sales into other geographic areas including the Caribbean, Mexico and Latin America.

Keystone is Canada’s only independently owned plastic card manufacturer and is one of North America's foremost plastic card companies with offices in Montreal, Vancouver, Calgary and Toronto. Keystone's manufacturing plant and head office is located in Toronto, Ontario where its highly automated facility currently produces over 85 million cards annually.

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Toronto, Ontario (December 16, 2002)
Keystone announces W.I. (Bud) Kronenberg as President and COO.

Keystone Manufacturing Plastics, Toronto today announced the appointment of W.I. (Bud) Kronenberg as President and COO for all Canadian and International operations.

Bud has been with Keystone for 13 years, most recently as Executive Vice President and General Manager. During his tenure with Keystone he has made major contributions to the growth and development of the company. Keystone is now one of the most efficient card manufacturers in North America as well as Canada's largest producer and processor of Smart Cards and Contactless cards.

The company has doubled its volume every four years and currently Keystone produces over 80 million cards annually for all sectors of the market. The company has recently opened a new card processing and distribution bureau in Montreal. Bud's appointment is a reflection of his leadership and sound management of the core business as well as the expansion and growth of the company.

Bud's new appointment is effective January 1st, 2003.

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Toronto, Ontario (November 25, 2002)
Keystone announces a major expansion in Quebec.

Today Keystone announced a major expansion of its operation with the opening of a new card services and sales facility in Montreal.

The new operation combines the existing sales and customer service functions with a new card bureau to provide embossing, encoding, surface printing, affixing, sealing and mailing for our existing and new clients in Quebec and throughout the region. The new 5000 square foot facility is located on the south shore of the St. Lawrence river at 2166 De la Province, Longueuil, Quebec J4G 1R7.

Several additional experienced people have been added to the Quebec team to operate this expanded facility including amongst others :

Alain Picard - with nineteen years of experience in card production and fulfillment operations for secure and non-secure card programs.

Diane Roberts - a highly experienced sales representative with in depth knowledge in dealing with large Quebec based corporations and Government departments in secure and non-secure programs.

Leading this team is Sophie Martin who is well known throughout the card industry in Quebec for her many years of professional service and wealth of knowledge in the industry. This expansion is testament to her exceptional drive and success with Keystone over the past three years.

Keystone Manufacturing Plastics is one of North America's foremost plastic card companies with offices in Montreal, Vancouver, Calgary and Toronto. Keystone's manufacturing plant and head office is located in Toronto, Ontario where its highly automated facility currently produces over 85 million cards annually. Keystone is the largest manufacturer of smart cards, contact and contactless cards in Canada.

Contacts : Montreal - Sophie Martin, Regional Sales Manager, telephone (450)928 1551, fax # (450) 928 9477

Toronto - Bud Kronenberg, Exec. V. P. & G. M., telephone (416) 293 3842

Toronto - Jim Simpson, V. P. Sales/Marketing, telephone (416) 293 3842

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Toronto, Ontario (August 23, 2002)
Keystone has been chosen to supply all smart card loyalty and gift certificates for the most advanced family of loyalty products in the marketplace today.

Never before has a loyalty product delivered as much as Community Power Points, the advanced loyalty and gift certificate program available from Community Power Points Corporation. Combining the benefits for merchants as well as consumers, great care has been taken to consider the needs for all participants in the program.

The Community Power Points Program evolved after a comprehensive survey of merchants and consumer statistics from various age groups, income brackets, and interest categories. Included in the program are long-term provisions for the benefit of charity and non-profit organizations, as well as our children’s future education.

The program is driven by Smart Card Technology bundled with advanced Point of Sale hardware that accepts credit, debit, and loyalty transactions - all integrated on the same terminal. For this reason any merchant regardless of size or resources can use this program. Community Power Points Corporation is proud to provide merchants with advanced marketing tools that level the playing field with the larger competitors. See the program at www.communitypowerpoints.com.

“With the program focus on smart chip card technology for both our Loyalty Card and Gift Card, we are pleased to have Keystone Manufacturing (Plastics) Ltd. provide our superior card product. Keystone’s card is an essential tool that makes it possible for Community Power Points to deliver the ultimate program", says Steven Edmunds, VP Loyalty. “We recognize Keystone’s experience as Canada’s largest smart card producer as well as their ability to fulfill the specific needs of the Community Power Points Program that set us apart from any other program.”

“Keystone will also provide complete fulfillment services such as custom card carrier personalization, matching, and card affixing. Also, our unique approach to manufacturing custom retail gift cards will virtually eliminate the painful product-to-market lead times that are common in the industry. This way a merchant of any size can enjoy the benefits of a customized card program immediately, which is acutely desirable in this environment,” says Dan Silc, Manager Smart Card Technologies. “A merchant’s interest in a custom gift card program is higher when that program can go from concept to market in a very short period of time.”

For information on how we can serve your unique needs: http://www.keystoneplastics.com or Contact: dansilc@keystoneplastics.com Phone: 416 293-3842 ext. 221

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Toronto, Ontario (February 1, 2001)
Keystone is awarded three-year contract to manufacture ATM cards.

Jim Simpson, Vice President Sales and Marketing announced today that Keystone Manufacturing ( Plastics ) Limited has been awarded a three year contract to manufacture ATM cards for the Mouvement des caisses Desjardins. The contract will require Keystone to produce a minimum of 4.5 million cards over the life of the contract and will involve the transition to high coercivity magnetic stripe. With assets close to $80 billion, Mouvement des caisses Desjardins is Québec's largest financial institution and ranks sixth in Canada.

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Toronto, Ontario (July 14, 2000)
Keystone acquires high speed smart card production equipment, appoints new staff.

* Bud Kronenberg, Executive V.P & G.M. of Keystone Manufacturing Plastics announced today, that the company has acquired additional high volume, high speed smart card production equipment from Muhlbauer International in Roding, Germany. The continuing growth of Keystone’s smart card business and the need for faster throughput and initialization, has made this acquisition necessary. As a result Keystone now has the second largest smart card production facility in Canada. Cards are currently produced for customers across North America and the company is looking to extend sales into other geographic areas including the Caribbean, Mexico and Latin America.

* Jim Simpson, V. P. Sales and Marketing announced the appointment of Ray Joshi as Account Executive covering sales in Western Canada, based in Calgary. This appointment means that Keystone has sales offices in Vancouver, Calgary, Montreal and Toronto.

* Finally rumours that the company is about to offer an IPO were scotched by Bud Kronenberg who said, “Premature. We are concentrating on our organic growth, improving efficiencies, service, turnaround and quality. Such a move is not in the cards in the near future.”

Keystone is Canada’s only independently owned card manufacturer and provides comprehensive services in both the manufacturing and fulfillment of card programs, which includes smart cards and identification systems.

For further information please contact:

Bud Kronenberg, Executive Vice President & General Manager,
at (416) 293-3842 or e-mail budkrone@keystoneplastics.com

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Toronto, Ontario (February 11, 2000)
Newly appointed staff and company expansion.

* Stuart Pringle has been appointed sales agent for Manitoba, Saskatchewan and the Lakehead, operating out of Winnipeg. Stuart's company also represents hardware and software companies whose products are complementary to Keystone's. Stuart has many years of direct experience in selling and servicing cards, card programs and card processing equipment.

* The latest automated high volume production equipment has been incorporated into the production system, to provide extra capacity for die punching, lithoprinting and bar-coding. Keystone's capacity is now up to 60 million cards annually.

* Additional space has been added to Keystone's Toronto facility, doubling office area and providing a controlled environment area for volume production of smart cards.

Keystone is Canada's only independently owned card manufacturer and provides comprehensive services in both the manufacturing and fulfillment of card programs, which includes smart cards and identification systems.

For further information please contact :

Bud Kronenberg, Executive Vice President & General Manager
at (416) 293-3842 or e-mail budkrone@keystoneplastics.com

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Toronto, Ontario (November 1999)
Keystone wins Elan awards for Best Phone Card Design.

Keystone is very pleased to announce having been awarded the 1999 Elan Award for Card Manufacturing Excellence, winning the "BEST PHONE CARD DESIGN" category at the recent International Card Manufacturers Association Conference in Granada Spain. The winning card was "Mountain Lake Canoe" and was issued by our customer RSL Com Canada.

This is the second successive year that Keystone was a winner in this category. "Totem Poles", also issued by RSL Com Canada was the winner in San Francisco in 1998.

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Toronto, Ontario (July 9, 1999)
Newly appointed staff and sales representation in Quebec.

* Jim Simpson has been appointed Vice President Sales and Marketing with responsibilities for all Canadian Sales, Marketing and Customer Service operations. Jim's background includes senior sales and executive positions with Transcontinental Group of Companies, Purolator Courier and Crothers Limited.

* Sophie Martin has been appointed Sales Executive responsible for sales throughout Quebec. Sophie has 10 years experience in all aspects of selling and servicing card products across Canada. Sophie's office is located in Montreal at 2035 Victoria Avenue, Suite 207, St. Lambert, Quebec.

* Keystone is also pleased to announce being awarded a 5 year contract for the manufacture of the Federal Government's Firearms Registration Cards. This is the largest Federal Government card program to date.

With these strategic appointments, Keystone now has Canada's most comprehensive sales and marketing resource in the card industry, with sales and service offices located in Vancouver, Calgary, Toronto and Montreal.

Keystone is once again expanding its plant and offices, to accommodate anticipated growth, this after experiencing a record Fiscal 1999.

Keystone is Canada's only independently owned card manufacturer and provides comprehensive services in both the manufacturing and fulfillment of card programs, which includes smart cards and identification systems.

Contacts:

Bud Kronenberg, Executive VP & GM
e-mail: budkrone@keystoneplastics.com

Jim Simpson, V.P. Sales and Marketing
e-mail: jsimpson@keystoneplastics.com

Sophie Martin, Sales Executive
e-mail: smartin@keystoneplastics.com

Toronto Office
Tel: (416) 293-3842
Fax: (416) 293-5198

Website: www.keystoneplastics.com

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