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(PR NEWSWIRE) ITEC Announces New Software Distribution Agreement in Austra
ITEC Announces New Software Distribution Agreement in Australia; First Year
Potential Valued at $1.3 Million
SAN DIEGO, July 1 /PRNewswire/ -- Imaging Technologies Corporation
(Nasdaq: ITEC), a pioneer in the development of digital imaging color
solutions, today announced it has signed a software distribution agreement
with Ados, a major Australian software distributor.
The first initial stock order of $300,000 has been placed with the
potential of $1.3 million in the first year. Ados is a distributor that
promotes a wide array of hardware and software focused at the Professional
Printing market segment.
"This represents a key relationship as this is both a new part of the
world and a key player in this region for our ColorBlind(R) products," said
Brian Bonar, ITEC CEO. "Ados' experience and expertise in selling to the
printing market is well complimented by this addition of the ColorBlind(R)
products."
"Ados is especially pleased to be working with ITEC to sell ColorBlind(R)
products as they are a recognized leader in the color management arena," said
Ian Clare, CEO of Ados. Ados will be selling ColorBlind(R) Professional,
Edit, Matchbox, Parachute, & Prove it! throughout Australia and New Zealand.
About Imaging Technologies Corporation
Imaging Technologies Corporation (Nasdaq: ITEC) is a worldwide pioneer in
the development, manufacturing, licensing and distribution of high-quality
digital imaging solutions. Founded in 1982 and headquartered in San Diego,
California, the company produces imaging products for diverse market segments.
Beginning with a core technology in the design and development of Adobe(R)
PostScript(R) controllers for non-impact printers and multifunction
peripherals, the company has expanded its product offerings to include
monochrome and color printers, printer controllers, external print servers,
and software to improve the accuracy of color reproduction. Information on
the company is available at the ITEC Web site at www.itec.net
Forward-Looking Statements
Statements in this press release may constitute forward-looking statements
and are subject to numerous risks and uncertainties, including the failure to
complete successfully the development of new or enhanced products, the
Company's future capital needs, the lack of market demand for any new or
enhanced products the Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success of competitive
products, other economic factors affecting the Company and its markets,
seasonal changes, and other risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission. The actual results may
differ materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press release. |
