COMPANY CONTACT:
                                       Checkpoint Systems, Inc.
                                       Craig Burns
                                       Chief Financial Officer
                                       (856) 848-1800
                                   INVESTOR RELATIONS CONTACTS:
                                        Marco Lima, Lindsay Hatton
                                        Morgen-Walke Associates, Inc.
                                        (212) 850-5600
                                   PRESS CONTACT:
                                        Scot Hoffman
FOR IMMEDIATE RELEASE                   Morgen-Walke Associates, Inc.
                                        (212) 850-5600


                     CHECKPOINT SYSTEMS, INC. ANNOUNCES APPOINTMENT
                    OF GEORGE OFF AS INTERIM CHIEF EXECUTIVE OFFICER

Thorofare,  NJ, June 24, 2002 - Checkpoint  Systems,  Inc. (NYSE: CKP) announced
today that it has appointed George Off as Interim Chief Executive  Officer.  Mr.
Off will succeed Michael Smith,  who is resigning  effective July 15th to pursue
other opportunities. Mr. Off will work closely with Mr. Smith to ensure a smooth
transition of responsibilities, and Mr. Smith will continue his association with
the company as a consultant.

"Michael has made tremendous  contributions during his tenure at Checkpoint.  We
wish him success in his future endeavors," commented R. Keith Elliott,  Chairman
of the  Board.  "With  over 40 years  of  experience  in  retail  marketing  and
management, we are confident in George's ability to provide strong leadership
for Checkpoint until a permanent CEO is appointed," added Mr. Elliott.

A member of  Checkpoint's  Board of  Directors,  Mr. Off is a founder and former
Chairman and Chief Executive Officer of Catalina  Marketing  Corporation  (NYSE:
POS) and a 40-year veteran in the retail marketing industry.  Catalina Marketing
is a  $400  million  multinational  company  that  provides  targeted  marketing
solutions  for  consumer  goods  companies,   pharmaceutical  manufacturers  and
retailers.  During his career,  Mr. Off also held  executive  positions at Lucky
Stores,  Inc. and Safeway Stores, Inc. He is a member of the Food Merchandisers'
Education  Council and also a member of the Board of Directors of Telephone  and
Data Systems, Inc., The SPAR Merchandising Group, and Eckerd College.

Checkpoint  Systems,  Inc. is a  multinational  company  that  manufactures  and
markets  labeling  systems  designed  to improve  efficiency,  reduce  costs and
provide  value-added  label  solutions  for  customers  across many  markets and
industries.  Checkpoint is a leading  provider of EAS and RFID  systems,  source
tagging,  barcode  labeling  systems,  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 web site is located at www.checkpointsystems.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 Security and Exchange Commission filings.