Checkpoint Systems Acquires ADS Worldwide

Checkpoint Systems Acquires ADS Worldwide

November 17, 2006

    HONG KONG, Nov. 17 /Xinhua-PRNewswire/ -- Checkpoint
Systems, Inc. (NYSE: CKP), announced on November 14 that it
has acquired ADS Worldwide (ADS).  Total consideration for
the business will be in the form of cash and will be
approximately USD8.5 million, plus closing costs.

    Based in Hull, England, ADS is an established supplier
of tags, labels, and trim to apparel manufacturers,
retailers and brands around the world.  With operations in
the UK, Hong Kong, China, India and Turkey, ADS employs
more than 235 people worldwide.  ADS provides Checkpoint
with new technological and production capabilities in the
United Kingdom, China and Turkey, and extends its network
of global print-shops.  The acquisition is expected to add
more than USD20 million of revenue in 2007 and be neutral
to slightly accretive to earnings per share, due to
integration costs in the first year and purchase
accounting.

    George Off, Chairman and Chief Executive Officer of
Checkpoint, commented, "The acquisition of ADS is in
line with our strategy to grow our CheckNet service bureau
business to create increased value for our customers and
shareholders.  This transaction underlines Checkpoint's
continued commitment to premium source tagging solutions
for the global retail apparel industry.  ADS has an
outstanding customer base and a longstanding commitment to
excellence in its product offerings and services.  Our
combined operations will provide customers with advanced
data management and logistics capabilities across our
expanded service bureau network and further enhances our
Electronic Article Surveillance (EAS) source tagging
program."

    ADS President Simon Winstanley stated, "The sale
to Checkpoint will enable ADS customers to continue
receiving the quality service that they have been used to,
while benefiting from an expanded global network of
locations and technologies including integrated RF-EAS
labels and laser printing.  ADS will also benefit from
Checkpoint's significant investments in technologies such
as RFID."
    
    About Checkpoint Systems
    Checkpoint Systems, Inc. is a multinational
manufacturer and marketer of integrated systems solutions
for retail security, labeling, and merchandising. 
Checkpoint is a leading provider of EAS and RFID systems,
source tagging, hand-held labeling systems and retail
merchandising systems.  Applications include automatic
identification, retail security and pricing, and
promotional labels.  Operating directly in 30 countries,
Checkpoint has a global network of subsidiaries and
provides professional customer service and technical
support around the world.  Checkpoint Systems, Inc.'s
website is located at www.checkpointsystems.com .

    About ADS Worldwide
    ADS is an established supplier of apparel packaging to
clothing manufacturers, retailers and brands around the
world.  Founded in 1988 to exploit the growing demand for
the barcode, ADS has grown rapidly over recent years to
become one of the largest independent suppliers in the UK. 
With wholly owned subsidiaries in the UK, Hong Kong, China,
India and Turkey -- as well as long-standing partners in
Mauritius and Cyprus -- ADS provides retailers and brands
with a global service for all of their packaging
requirements.  Products supplied include swing tickets,
waist riders, self-adhesive labels, printed care labels,
woven labels and plastic seals, as well as other specialist
packaging and trims.  Perhaps best known for the ability to
process and print variable barcode information using
powerful software-based systems, ADS has a specialist
division (ADS Solutions) handling the development of all
production/data processing software as well as the
company's sophisticated on-line ordering and tracking
facilities.  The company's website is located at
www.ads-worldwide.com .

    Safe Harbor Statement
    This press release may include information that could
constitute forward-looking statements made pursuant to the
safe harbor provision of the Private Securities Litigation
Reform Act of 1995.  Any such forward-looking statements
may involve risk and uncertainties that could cause actual
results to differ materially from any future results
encompassed within the forward-looking statements.  Factors
that could cause or contribute to such differences include
those matters disclosed in the Company's Securities and
Exchange Commission filings.  Checkpoint Systems Inc.
undertakes no obligation to update or revise any
forward-looking statements to reflect events or
circumstances that may arise after the date of this
report.

    Contact:

     Natalie Chan
     Tel:   [phone]
     Email: [e-mail]
     www.checkpointasiapac.com

SOURCE  Checkpoint Systems, Inc.