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Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (604)	7/26/1999 8:34:00 PM
From: robin hood	Read Replies (1) \| Respond to of 658

Hope those insiders will double options they have been granted few weeks ago! R.H.

To: axial who wrote (604)	8/16/1999 11:19:00 AM
From: David Michaud	Read Replies (1) \| Respond to of 658

Image Processing receives orders from Japanese display manufacturers Image Processing Systems Inc IPV Shares issued 19,902,503 1999-07-07 close $0.68 Wednesday Jul 7 1999 Mr. Ken Wawrew reports The company, under its trade name IPS Automation, has received orders totalling more than $660,000 from three major Japanese display manufacturers: Hitachi, Matsushita and Toshiba. These latest orders increase the company's shipments and orders in the backlog to $13.3-million for the current fiscal year beginning April 1, 1999, Ken Wawrew, president and chief executive officer of IPS, comments: "We are very pleased with our performance in this first quarter, having almost reached our previous year's sales total of $15.2-million. Our strong sales start combined with lower expense levels as a result of last year's restructuring will result in a profitable first quarter." Hitachi placed a repeat order for two ADI 8200 ITC automated display inspection systems. Two Matsushita subsidiaries placed initial orders for ADI 8200 and ADI 5200 QA systems. Toshiba placed an initial order for an ADI 5200 QA portable quality assurance system. These ADI systems are to be installed in manufacturing plants in the United States, Mexico and the United Kingdom. "These new and repeat orders are representative of IPS' increasing penetration into the traditionally difficult-to-enter Japanese market," said Blake A. Witkin, IPS general manager, display technology division. "These display manufacturers are renowned for their strict quality control standards and long-term supplier relationships. They represent an untapped 20 per cent of the world ADI market for IPS."