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Biotech / Medical : ISGTF or ISO Toronto shares traded 400,000 shares May 24
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To: John Stopforth who wrote ()12/13/1996 1:14:00 PM
From: traacs   of 112
 
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: ISG TECHNOLOGIES INC.

TSE SYMBOL: ISO
NASDAQ SYMBOL: ISGTF

DECEMBER 13, 1996

U.S. - Based Institutional Investor Advisory Service
Supports ISG Board Nominees

MISSISSAUGA, ONTARIO--ISG Technologies Inc. (ISG) today announced
that Institutional Shareholder Services (ISS) has issued a report
to its institutional investor clients in the United States and
Canada advising them to vote in favor of the slate of directors
nominated by ISG for election to its Board.

"In light of the preliminary efforts shown by the company (ISG) to
correct the situation at hand and the questionable benefit of some
of Quorum's (Quorum Growth Inc.) intentions. ISS believes that
the election of Quorum's nominees and the resulting change in
control is not in the best interest of all shareholders.

"When the situation is considered in light of the potential change
in control," the ISS report continues, "the level of influence
that Quorum would gain versus the size of its investment in the
company is excessive."

ISS, based in Bethesda, Maryland, advises hundreds of the world's
leading pension funds, investment managers, custody banks, and
other institutional investors on corporate governance and proxy
voting issues.

"We appreciate that ISS is supporting ISG's nominees for our Board
of Directors. We already have received the support of
shareholders owning more than one-third of ISG's stock and expect
that this recommendation from ISS will result in significant
additional support," said Michael Greenberg, Chairman and Chief
Executive Officer of ISG.

Copies of the report can be obtained by contacting ISG's Corporate
Secretary, Gerry McDonald at 905-672-2100.

ISG is a publicly traded company with more than 220 employees
worldwide, and is listed on The Toronto Stock Exchange (ISO) and
on NASDAQ (ISGTF) in the United States.
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