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March 25, 1999 13:35
Holographic Dimensions, Inc. Commences Shipment Of Security
Holograms For Russia #601 Tax Stamp Program
MIAMI, Fla., March 25 /PRNewswire/ -- Holographic Dimensions, Inc. (OTC Bulletin Board: HGRM)
announced today that it has commenced shipping security holographic materials for the Russia
Government #601 Tax Stamp Program. As previously announced in February, HGRM was awarded the
contract to supply in excess of $130,000,000 (one hundred thirty million U.S. dollars) of security
holograms for the Russia Government #601 Tax Stamp Program over the next 12 (twelve) months.
Pursuant to Russia Decree #601, a wide variety of consumer products will incorporate a hologram security
device to insure the authenticity of products produced in Russia, prevent their diversion and effectively
insure tax collection on those products. The project initially invo1ves the production of over 5 billion
holograms for use on liquor bottles, computer and consumer electronics products.
Concurrent with the delivery of U.S. produced holograms, HGRM and its joint venture partner Spetsznak
will establish an equally owned joint venture manufacturing facility to service the 601 program, other
Russia Govt. Hologram projects, the CIS, and Western European Holography markets. The project is
projected to double each year over the next 3 years as the 601 Tax Program is fully implemented.
HGRM is currently producing and shipping in excess of 50,000,000 units, or approximately $1,300,000
weekly and will expand production to more than 100,000,000 units weekly as the project is implemented.
Specific details of the shipments cannot be disclosed for security reasons.
Pursuant to the terms of HGRM's supply contract for the project, and the #601 decree, HGRM will be paid
as the holographic tax stamps are distributed, however, no later than 90 days from the date of delivery. To
further insure compliance with the payment term of the supply contract with HGRM, NeftchimBank has
issued a bank guarantee for the project.
According to Kevin G. Brown, President & CEO, "We are now in full production according to the
production requirements of our customer. The increases in cash flows that this project will provide us with
will enable the Company to pursue strategic mergers, acquisitions, and relationships in addition to
completing the development of several new innovative technologies the Company is pursuing."
Holographic Dimensions, Inc. is a vertically integrated manufacturer of holographic imagery. The
Company's products are incorporated into a variety of security products including, but not limited to, credit
cards, negotiable documents, tax stamps, passports, drivers licenses, event tickets, transit passes, and
consumer products for marketing. The Company's customers include Merck, Lilly, NASA, The Coca-Cola
Company, Hoescht and Ameritech, amongst many others.
HGRM continues to enter new markets and is currently represented with active sales accounts in Mexico,
Columbia, Brazil, Guatemala, Ecuador, Peru, Argentina, Venezuela, Panama, Uruguay, Canada,
Germany, Poland, Russia, Turkey and South Africa. The Company continues to seek quality
representation in all global markets.
This release may include "forward-looking statements" within the meaning of section 27A of the Securities
Act of 1933 and Section 21E of the Securities Act of 1934. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it can give no assurance that
such expectations will prove correct. This is neither an offer to buy or sell a security. This is for
informational purposes only, from sources deemed to be reliable. For more information visit us on the
World Wide Web page at www.hgrm.com or contact:
FNG & Associates, Inc.
3416 Via Oporto
Suite 300
Newport Beach, CA 92663
Tel: 949-723-3830
Fax: 949-723-3833
Contact: George Mottel
SOURCE Holographic Dimensions, Inc.
/CONTACT: George Mottel of FNG & Associates, Inc., 949-723-3830, or fax,
949-723-3833/
/Web site: hgrm.com
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