On June 30, 2003, Extensis "announced that it had reached a definitive agreement to acquire DiamondSoft, Inc., the developer of the font management software solution Font Reserve. Extensis is wholly-owned by Celartem Technology USA, Inc."

Extensis, which owns Suitcase, and DiamondSoft, which owns Font Reserve, are "joining forces to accelerate further innovations" in font management.

"We are thrilled to combine the Extensis and DiamondSoft expertise in font solutions development and are excited for the future products that will result," said Kevin Hurst, Vice President of Product Marketing at Extensis.

"Extensis and DiamondSoft understand the font management market better than anyone else," said Brian Berson, President and Founder of DiamondSoft. "We are positioned to market the absolute best client/server font management offering available."

"We're very pleased about this acquisition and the precedent it sets," said Anna Chagnon, President of Bitstream. "Both Extensis and DiamondSoft have been at the forefront of font management for years. Now that DiamondSoft is joining forces with Extensis, consumers can only benefit. Going forward, this acquisition will provide users everywhere with complete solutions in font management software."

About

Bitstream Inc.
Bitstream Inc. (NASDAQ: BITS) is the leading developer of font technology, digital fonts, and custom font designs. Bitstream licenses its award-winning TrueDoc and Font Fusion technologies to Web and application developers, and to manufacturers of information appliances, wireless and handheld devices, set-top boxes, embedded systems, and printers. Setting the standard for excellence in font technology, Bitstream holds numerous key patents that cover the creation of portable fonts for the Internet. Building on this experience, Bitstream has released ThunderHawk, a breakthrough technology for the wireless Web.

Founded in 1981, Bitstream is the first independent digital font foundry. In 1999, Bitstream created MyFonts.com, Inc. (http://www.myfonts.com), the Web site for finding, trying, and buying fonts on line. Also in 1999, Bitstream established Pageflex (www.pageflexinc.com), the pioneer of a new direction in composition software: Web-top publishing. Bitstream is headquartered in Cambridge, Massachusetts.

Extensis, Inc.
Extensis Inc., a Celartem company, is a leading publisher of software and tools that extend the capabilities of creative professionals. Extensis' award winning and industry standard products include: Suitcase for font management, Portfolio for asset management, PrintReady for preflight and file delivery, plug-in enhancements for Photoshop (Mask Pro, Intellihance, PhotoTools, PhotoFrame), and productivity enhancements for QuarkXPress (QX-Tools, QX-Effects) Extensis was founded in 1993, by creative professionals for creative professionals, and is based in Portland, Oregon and the United Kingdom. Extensis is a wholly owned subsidiary of Celartem Technology USA Inc., which is wholly owned by Celartem Technology Inc., (Hercules: 4330). For additional information, please visit our Web site at http://www.extensis.com or call 1-800-796-9798.

DiamondSoft
DiamondSoft, Inc., based in Mill Valley, CA, was founded in 1995 to solve the font management problems of the publishing industry. Its mission is to provide software tools that enable professionals to focus on the creative aspects of their jobs, letting the computer handle the mundane and laborious aspects. For more information, please send E-mail to info@diamondsoft.com.

Celartem
Celartem Technology Inc. was established in 1996 to conduct research and development into storage and distribution technologies for digital images. It has developed, and sells VFZ technology, which allows digital images to be stored and distributed without any loss in resolution; and the Protected Archive Distribution Server that allows digital images to be distributed over networks in a secure manner at original resolution. On December 11, 2001, Celartem was listed on the Osaka Securities Exchange, Hercules Market (Hercules:4330). Please visit http://www.celartem.com for more information.

Anna Chagnon
President
Bitstream Inc.
617.520.8619