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PRESS RELEASES

ELITE TECHNOLOGY PROUDLY RECOMMENDS RICOH FAMILY GROUP -RANKED FIRST IN U.S. COPIER MARKET

Achieves Number One Ranking in Both Black and White and Color Copier Placements

New York - NY, May 10, 2005 - Elite Technology is proud to be associated with the world-wide leader in digital office products – The Ricoh Corporation. A press release announced the following: In the annual Gartner Group U.S. copier market report for 2004, the Ricoh Family Group (RFG)—consisting of Ricoh, Savin, Gestetner and Lanier brands—has been ranked number one in both black and white and color overall copier placements in the United States. Ricoh had 24.5 percent market share for black and white, and 29.7 percent for color. This percentage refers to dealer and direct sales and excludes copiers sold through the retail channel.

“The Ricoh Family Group is honored to have secured the number one ranking in both black and white and color copier placements in theU.S.because it is a true testament to the products and services that the RFG provide,” said Sam Ichioka, Chairman and CEO, Ricoh Corporation. “This ranking reaffirms our goal of being the number one office equipment company in the world, and we will continue to strive to be number one by providing state-of-the art digital imaging systems that cater to the efficiency and productivity needs of our customers.”

The RFG has demonstrated its market leadership by offering a full range of digital imaging products suited for any workgroup environment. Ricoh experienced impressive growth in the U.S.copier market, due in part to its success with Ricoh Aficio Black to Color multifunction products.

ABOUT ELITE TECHNOLOGY INC

Elite Technology Inc is head quartered in Manhattan with sales and service locations in Manhattan, Westchester, Nassau County and Suffolk County. After more than a decade of assisting New York & New Jersey businesses with their need for copiers, printers, duplicators, fax machines, shredders and other document management technologies, Elite still stands by its initial commitment - the value of service over sales and the idea of creating relationships over generating profit.

We introduce and intertwine the latest office technology for copying, printing and scanning to your business organization and also service the copier equipment, tweak it to your specifications and upgrade it as required. We provide solutions from the industry market leaders like SAVIN, RICOH, CANON, OKIDATA & HP and each product has the backing of trained, professional and courteous on-site and off-site technical support team.

Today, Elite is a AAA-rated company by independent financial analysts and our method of clean, transparent and open transactions has earned us the "Elite" status from our banking and finance partners - De Lage Landen, CitiCapital, GE Capital and Wells Fargo who have underwritten more than 100 million dollars worth of equipment.

Information about Elite's complete range of products and services can be accessed on the World Wide Web at www.etny.com

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              Elite Technology Inc                                     Elite Technology Inc
              (212) 967 5009                                            (914) 631 6700