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To: Skycat who wrote (18621)	8/2/1999 1:05:00 PM
From: Jules	Read Replies (1) \| Respond to of 25711

ITEC Announces Strategic Sales and Distribution Agreement in South America; First Year Potential Valued at $1.5 million SAN DIEGO, Aug. 2 /PRNewswire/ -- Imaging Technologies Corporation (Nasdaq: ITEC - news), a pioneer in the development of digital imaging solutions, today announced it has signed a strategic international sales and distribution agreement with Apolo Tecnologiae Informatica, headquartered in Brazil. Apolo will distribute ITEC products throughout the country. ''We have worked with Apolo in the past and they are one of our largest customers in South America,'' said Brian Bonar, ITEC CEO. ''We're pleased to have renewed our relationship with Apolo and believe that their expertise in the imaging hardware and software distribution will increase sales that we anticipate will be compounding worldwide.'' Apolo placed initial stocking orders for $100,000 for ITEC's color and monochrome printers, ColorBlind® software, spares, and consumables. ''Color focused technology is such a hot item here in South America; we anticipate a successful future and long term relationship with ITEC,'' said Apolo CEO Michel Serwaczak. Apolo will market and sell ITEC's full line of digital imaging solutions through its network of VARs and Resellers in South America. Brazil, which geographically is slightly smaller than the U.S., has a population of more than 160 million. About Imaging Technologies Corporation Imaging Technologies Corporation (Nasdaq: ITEC - news) 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® PostScript® 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. SOURCE: Imaging Technologies Corporation