TOSHIBA AMERICA BUSINESS SOLUTIONS, INC. RECOGNIZED AS ONE OF THE TOP 100 AGILE COMPANIES IN CIO MAGAZINE'S 2004 CIO 100 AWARDS

IRVINE , California ( Aug 16, 2004 ) :

IDG's CIO magazine today announces Toshiba America Business Solutions, Inc. (TABS) as a recipient of the 2004 CIO 100 award. The annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology. This year's theme is the "Agile 100," which recognizes those executives and organizations that respond quickly to changing business environments. Winners demonstrate measurable results in how they used IT to enable and support agility in their organizations.

"With the economy rebounding, companies will seek out and capitalize on new opportunities as they emerge," says Abbie Lundberg, editor-in-chief, CIO. "Those best positioned to succeed are the agile enterprises, able to move and change quickly; to create advantage in a world in flux. This year's CIO 100 winners have all the hallmarks: agile operations, technology, staffing and governance models. We celebrate their achievements and expect to see great things from them in the years ahead."

TABS was recognized by CIO for its broad Web-enabled communications applications and for demonstrating IT "Agility" in a number of business areas, including:

TABS' partnerships with and/or acquisitions of competitive independent dealers/distributors, allowing TABS to quickly enter new geographic markets and convert competitive products to Toshiba.
TABS' infrastructure and operations, allowing for quick and successful process conversion in strategic acquisitions, partnerships and growth initiatives.
TABS' ability to quickly make decentralized and non-bureaucratic business decisions and its delegation of operational decisions to local management.

"Being included in the CIO 100 is a huge honor for all of us at Toshiba," said Richard K. Taylor, senior vice president, Sales, Marketing and Business Operations, TABS. "The year’s theme of 'Agility' could not be more appropriate for what is required for success in our industry, and we’re proud to be recognized for our ability to successfully move and grow in the directions needed to best serve our channel partners and our customers."

The 2004 CIO 100 Awards will be presented at The Broadmoor Hotel and Resort in Colorado Springs, Colo., on August 24 during the sixth annual CIO 100 Symposium® and Awards Ceremony.

About the CIO 100

The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their agile practices in both business and IT. Next, teams of CIO magazine editors and writers reviewed the applications in depth, looking for unique practices and substantial results. Finally, the teams met for a day-long meeting to debate the merits of each nominee and vote on the final 100.

To provide a vision of ever-changing business trends, the focus of the CIO 100 changes annually. Complete coverage of the 2004 CIO 100 Awards is featured in the August 15 issue of CIO magazine and at http://www.cio.com/.

About Toshiba America Business Solutions

Toshiba America Business Solutions, Inc. (TABS) manages product planning, marketing, sales, service support and distribution of copiers, facsimiles, multifunction printing products, network controllers and toner products throughout the United States, Latin America and the Caribbean. Headquartered in Irvine, Calif., TABS comprises four divisions: the Electronic Imaging Division, Toner Products Division, Document Solutions Engineering Division and a subsidiary corporation: Toshiba Business Solutions (TBS), which operates a network of acquired office equipment dealers.

Named the most favored manufacturer in seven of the past eight years by the Business Technology Association (BTA), Toshiba's entire product line, customer support and marketing distribution policies are a marker for the industry. Among the many other awards garnered in recent years, Toshiba was named the "Copier Manufacturer of the Year" by the Marketing Research Consultants (MRC) in 2004, 2002, 2001, 1998 and 1997 and received the CIO Web Business award for its leading edge intranet site in 2000, 1999 and 1998.

TABS is an independent operating company of Toshiba Corporation, the seventh largest electronics/electrical equipment company and the world's 62nd largest company in terms of sales. Ranked by Fortune magazine as the 8th Most Admired Electronics Company in America and 9th Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2003 was approximately $53 billion.

For more information on Toshiba copier, facsimile, multifunction printing products, network controllers or toner products, or for a dealer in your area, call 1-800-GO-TOSHIBA or visit the TABS Web site at www.copiers.toshiba.com.

About CIO Magazine

CIO magazine (launched in 1987) is published by CXO Media, Inc. In addition to CIO magazine, CXO Media publishes www.cio.com, CSO magazine, www.CSOonline.com, The CIO Insider CMO magazine, www.CMOmagazine.com and darwinmag.com. CXO Media serves CIOs, CSOs, CEOs, CFOs, COOs, CMOs and other corporate officers who use technology to thrive and prosper in this new era of business. The company strives to enhance partnerships among C-level executives, as well as create opportunities for information technology (IT) and consumer marketers to reach them. In addition to magazines and websites, CXO Media produces Executive Programs, a series of conferences that provide educational and networking opportunities for corporate and government leaders.

CXO Media is a subsidiary of International Data Group (IDG), the world's leading technology media, research and event company. A privately-held company, IDG publishes more than 300 magazines and newspapers, including Bio-IT World, CIO, CSO, CMO, Computerworld, GamePro, InfoWorld, Network World and PC World. The company features the largest network of technology-specific websites with more than 400 around the world. IDG is also a leading producer of more than 170 computer-related events worldwide including LinuxWorld Conference & Expo®, Macworld Conference & Expo®, DEMO®, and IDC Directions. IDG provides global market research and advice through offices in 50 countries. Company information is available at http://www.idg.com/.