NEWS RELEASE
November 4, 1997
Will Issue to Ancilla 703,125 Shares
IMAGE POWER INC ("IPZ-V")
- Will Issue to Ancilla 703,125 Shares
Stephen Swift, President of Image Power Inc., reports that pursuant to the original asset purchase agreement between Ancilla
Technologies Inc. and Image Power (formerly Redonda Industries), the Company will issue to Ancilla 703,125 shares at
$0.32 for a total of $225,000.
The Company also wishes to report the cancellation of insider and employee incentive stock options totalling 400,000 shares
which had been announced on September 4, 1997.
Image Power Inc. is a leading provider of powerful still image compression, scanning, management and archiving desktop
image applications for wireless, Internet and Intranet markets. For additional information, visit the Company's web site at
imagepower.com or contact Astrid Levelt.
TEL: (604) 662-3188 Astrid Levelt FAX: (604) 662-3889 WEBSITE: imagepower.com |
