Ricoh Canada Inc. Announces the Opening of Toronto's Ricoh Coliseum

TORONTO--()--Nov. 6, 2003--Ricoh Canada Inc., Canada's leading provider of high quality document and content management solutions, today announced that the Ricoh Coliseum is now open.

The facility, which seats 9700 for hockey and 11,000 for concerts, officially opened its doors with the home debut of their resident AHL hockey team, the Toronto Roadrunners. The Ricoh Coliseum represents a total investment of $38 Million; a capital injection that has seen the original structure gutted, the roof raised and the floor lowered, and the interior completely refurbished in the space of a single year. Partnering with the Coliseum Renovation Corp., Ricoh Canada has invested $10 Million to secure naming rights - an important element of reinforcing Ricoh's global presence in the local Canadian market.

"Our investment in this project certainly lets us get the Ricoh brand in front of many in the Toronto area, but it also allows us to live up to our own ideals of good corporate citizenry. Helping provide a world-class venue for exciting events such as Roadrunner hockey and the Royal Winter Fair is something we're proud to be involved in," said Martin Brodigan, CEO and President of Ricoh Canada Inc.

"Ricoh's involvement in the development of this facility has been key, helping to provide us with a solid financial footing from which to restore this historic site to a place of prominence in Toronto," said Ernie Coetzee, President of the Coliseum Renovation Corporation. The Ricoh Coliseum's opening sees the original structure, built in 1921, rejuvenated as a state of the art sports and entertainment facility that will be the focal point of over 200 scheduled events annually.

About Ricoh Canada Inc.

Ricoh is a brand recognized for raising the potential of business communication to new heights. The company is a pioneer in the development of computer-connected and digital multifunctional document systems, and is a market leader in colour and black & white digital imaging systems, facsimile products, printers, scanners, digital duplicators and wide format engineering systems. Ricoh employs over 60,000 people worldwide and has enjoyed a steady growth in revenue and profits for almost a decade. With its head office located in Japan, the 65 year-old leading supplier of office automation equipment experienced sales in 2000, in excess of $14 billion. Ricoh Canada is a wholly owned subsidiary with its head office located in Toronto and employing over 600 employees nation-wide.

For information on Ricoh Canada Inc. www.ricoh.ca

For information on the Ricoh Coliseum www.ricohcoliseum.com

Contacts

Ricoh Canada
Dan Newman, 905-795-5788
dnewman@ricoh.ca

Contacts

Ricoh Canada
Dan Newman, 905-795-5788
dnewman@ricoh.ca