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To: SSP who wrote (10385)	9/24/1999 3:24:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

ITEC - NEW YORK--(BUSINESS WIRE)--September 24, 1999--Stedman Walker, Ltd. a private investment banking and financial advisory firm today announced that they have been retained by Imagining Technologies Corporation (NASDAQ:ITEC) to assist in a financing to raise up to $10,000,000 million dollars. Imaging Technologies intends to use all funds for working capital. As previously reported, an operational receiver has been appointed to assist ITEC in its on going turnaround. The Imperial Bank continues to provide financing to the company in the form of lines of credit. Stedman Walker believes that the satisfaction of the Imperial Bank default and the removal of the receiver along with this proposed additional financing will allow the company to resume profitable growth.