[February 15, 2011]

Bitstream Announces the Release of Pageflex iWay 5.4

Pageflex, a division of Bitstream Inc. (News - Alert) (NASDAQ: BITS, www.bitstream.com) and a leading developer of enterprise variable data publishing and web-to-print solutions, today announced a major update to their Pageflex iWay product with the release of version 5.4. This new release is focused on enhancing the quality, stability and user experience of the Pageflex iWay product. The release of Pageflex iWay 5.4 is the first upgrade since Bitstream acquired the iWay technology last year.

"When we acquired the iWay product line last year, we were excited about how the features and functionality of iWay would enhance our overall product portfolio," comments Anna Magliocco-Chagnon, President and CEO of Bitstream Inc. "Our first goal since the acquisition was to stabilize and enhance the quality of iWay. With the release of iWay 5.4, we are excited to have achieved this goal. As we move forward, we will build on this stable foundation to give iWay customers the tools they need to monitor and reduce costs, maximize production efficiency, and increase profits."

Pageflex iWay offers Business Flow Automation for the Print Industry™. By applying process automation to the print service provider's business (from order taking, price quoting, through planning, fulfillment and shipping), Pageflex iWay gives commercial printing and digital service providers the tools to fully manage, control, and automate their online business operations. Pageflex iWay has been adopted as the sole OEM web-to-print solution by major digital print manufacturers, including Xerox Corporation, Hewlett-Packard (News - Alert), and Océ, resulting in an installed base of more than 1,500 customers in North America, Europe, and Asia Pacific.

Pageflex will be demonstrating Pageflex iWay 5.4 in their booth (#902) at Dscoop6, the Annual Conference of HP Graphic Arts users, being held February 17- 19 at the Gaylord Resort in Orlando, Florida.

About Bitstream

Bitstream Inc. develops software technologies and applications for the graphic art and mobile communications industries. Bitstream develops award-winning fonts and font technologies that enable device manufacturers and application developers to render the highest quality text in any language, on any device, at any resolution. The company's MyFonts brand is the world's leading provider of fonts to consumers. Bitstream's Pageflex brand enables printers and marketers to easily produce customized communications in print, email, and online. Bitstream's latest offering is the BOLT mobile browser, which has been installed by millions of users worldwide since its release in February 2009.

About Pageflex

Pageflex pioneered the concepts of variable data and web-to-print storefronts, and has expanded to offer software for multi-channel campaign management, business flow automation, and dynamic publishing. Pageflex solutions use the patented Pageflex variable publishing engine and Adobe® InDesign®.

Pageflex enables companies across the globe to communicate their marketing messages more easily and effectively. The award-winning Pageflex product line sets the standard for excellence and innovation in targeted marketing and brand management. Pageflex offers the ability to personalize any form of communication in print, e-mail, or on the Web.

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