Nice news for the ITEC longs----
(COMTEX) B: DONNER CORP. INTERNATIONAL ISSUES SPECULATIVE BUY RECOMME
B: DONNER CORP. INTERNATIONAL ISSUES SPECULATIVE BUY RECOMMENDATION FOR IMAGING
TECHNOLOGIES CORP.
SANTA ANA, Calif., Jun 24, 1999 /PRNewswire via COMTEX/ -- The
following is being issued by Donner Corp. International, a member of
the National Association of Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in
Santa Ana, Calif., today issued a Speculative Buy Recommendation on
Imaging Technologies Corporation (Nasdaq: ITEC) San Diego, Ca., and
initiated coverage on the Company which specializes in the development,
manufacturing, licensing and supply of high-quality digital imaging
solutions.
In its report, Donner said Imaging Technologies "offers a wide rangeof
imaging solutions to a large and lucrative target market, the
multi-billion dollar computer peripherals and software industry."
Donner said Imaging Technologies "has made a complete turnaround over
the past several months and is well on its way toward profitability."
The Donner report emphasized that Imaging Technologies has reduced
costs and is now "technically superior, leaner and more focused than at
any timein its history."
Imaging Technologies is introducing a number of innovative, new printer
products that meet the needs of growing markets, including the
Internet, the Donner report said. Donner said that the Company's new
products have been selected as "hot picks" by technology editors and
that Imaging Technologies is launching key products ahead of their
competition.
The Donner report also complimented the Imaging Technologies management
team as "focused" and said the Company is consistently improving its
financialsituation.
Copies of the report are available from Donner Corporation at
800/324-6050.
(The information contained herein is based on sources believed to be
reliable but is not guaranteed by this Company and is not
comprehensive. It is not to be construed as an offer or the
solicitation of an offer to sell or buy securities mentioned herein.
The Company, its members, affiliates and employees may have long or
short positions, which could be substantial, in securities discussed or
recommended and may purchase, sell, or trade these securities from time
to time in the open market or otherwise. In addition, this Company may
from time to time perform investment banking, corporate finance,
provide services for, and solicit investment banking, corporate
finance, or other business from the issuers of such securities.)
SOURCE Donner Corp. International
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Donner Corporation, 800-324-6050
(ITEC)
GEOGRAPHY: California--- |
