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Gold/Mining/Energy : IDS Intelligent Detection Systems (ISD.TO) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Block who wrote (140)	1/14/2000 11:12:00 AM
From: Michael Block	Respond to of 149

NEWS NEWS IDS Subsidiary Scintrex Limited Concludes Acquisition of Micro-g Solutions Inc. - IDS strengthens geophysics market dominance through strategic acquisition Toronto, Ontario-- IDS Intelligent Detection Systems Inc. (TSE:ISD) announced today that its subsidiary company, Scintrex Limited, has concluded its acquisition of Micro-g Solutions Inc. Micro-g Solutions is a Colorado-based geophysical instrument company and the world's only commercial manufacturer of absolute gravimeters for the geophysical research community and the oil and gas industry. "Micro-g has a solid reputation for excellence, high quality and innovation," said Dr. Mariusz Rybak, chairman and CEO, IDS. "This company is committed to leading the revolution already underway in the measurement of gravity by a new generation of absolute gravity meters." "Market acceptance of Micro-g products has increased and, because they are the sole commercial manufacturer of absolute gravimeters, we are confident the company can gain a significantly larger share of the existing gravity instrumentation business," said Rybak. "With the introduction of a new portable absolute gravimeter, Micro-g will complement Scintrex's existing line of gravimeters and its well established sales and marketing channels to significantly increase its market share in the years to come." "Our acquisition of Micro-g Solutions Inc., and our recently announced agreement with Val d'Or Sagax are part of IDS's strategy to build critical mass in our geophysical business and to gain economies of scale," said Dr. Rybak. "By capitalizing on the marketing and distribution strengths of Scintrex, we will be able to execute a strategy of select acquisitions and secure the synergies that result." The acquisition enables IDS to create efficiencies in marketing, sales, and distribution for both Scintrex and Micro-g products through a unified and extensive global network. The company will also realize economies of scale in research and development. The acquisition is part of a strategy to consolidate IDS's leading position in the geophysics marketplace. About IDS: IDS is an innovative developer, manufacturer and marketer of proprietary sensory technology and communication systems. The company operates through eight business units: Analytical & Security products and solutions, IDS Power Control Systems, Scintrex Earth Science Instrumentation, Survey & Exploration Technology Services, IEC (Integration, Engineering and Consulting), ChemiCorp International and Caduceon Inc. Its more than 70 products range from drug and explosive detectors to nuclear safety control instruments, oil & gas exploration instrumentation and services, and developing technologies for industrial process control and point-of-care health analysis. IDS's Internet initiative, GeoCommerce Inc., provides centralized online trading and information marketplaces for the global mining, exploration, and geophysics communities through: www.MineOnline.com and www.GeophysicsOnline.com. IDS operates worldwide in Canada, the US, France, UK, Australia and Brazil, and is publicly traded on The Toronto Stock Exchange (symbol: ISD). IDS's website is located at www.idsdetection.com For additional information please contact: Media Inquiries Peter McIntyre IDS Intelligent Detection Systems Telephone: (416) 214-6726 pmcintyre@hq.idsdetection.com Investor Inquiries Rick Conroy Lexington Telephone: (416) 588-1888 rick@lexington.ca In the United States please contact: Thomas Dean or Michael Block Murdock Capital Partners Telephone: (212) 421-2545 www.murdockcapital.com

To: Michael Block who wrote (140)	1/14/2000 11:20:00 AM
From: Michael Block	Read Replies (1) \| Respond to of 149

IDS subsidiary to acquire SIAL Geosciences IDS Intelligent Detection Systems Inc ISD Shares issued 22,080,901 Jan 12 close $5.25 Thu 13 Jan 2000 News Release Mr. Peter McIntyre reports IDS Intelligent Detection Systems' subsidiary company, Scintrex Limited, has entered into an agreement to acquire SIAL Geosciences Inc. SIAL Geosciences is an innovative geophysical services company specializing in airborne, land and marine surveys for civil, environmental, mining and petroleum exploration, and engineering. Based in Quebec, SIAL operates from offices in Canada, Argentina, Ecuador and Tunisia. The company has more than 20 years of experience in geophysical surveying and has flown over 2.5 million line-kilometres of airborne geophysical surveys. "SIAL Geosciences regularly conducts world-scale projects that cover all aspects of airborne, ground and offshore surveying. They provide end-to-end solutions -- from data gathering to comprehensive processing and interpretation capabilities," said Mariusz Rybak, chairman and chief executive officer of IDS. "Their unique combination of experience, innovations, and comprehensive solutions makes SIAL Geosciences a compelling value proposition for exploration companies around the world." SIAL Geosciences currently has 16 geophysicists and 15 highly specialized technicians operating from four offices. Revenue has averaged $5.8-million annually over the last three years, generating average annual pretax earnings of about $600,000 per year over the same period. "The SIAL Geosciences agreement and our recently announced agreements with Micro-g Solutions Inc. and Val d'Or Sagax are part of IDS's strategy to build critical mass in our geophysical business and to gain economies of scale," said Dr. Rybak. "The pressures of an extended downturn in the geophysical and exploration markets have driven extensive consolidation in the sector. Leveraging the marketing and distribution strengths of Scintrex enables IDS to participate in this consolidating trend through select acquisitions and to capture the synergies that are generated." This acquisition creates a unified, simplified and extensive global network of marketing, sales, and distribution channels. Research and development will also profit from the economies of scale generated by the new structure. The acquisition exemplifies the strategy of consolidation intended to heighten IDS's commanding market presence in this sector. The proposed acquisition of SIAL Geosciences Inc., is subject to various conditions, including the execution of definitive agreements, due diligence and regulatory approvals. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com