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To: Rob Davis who wrote (4623)4/18/2000 6:15:00 PM
From: Far Side  Read Replies (1) | Respond to of 5053
 
4/18/00 - Source Code Licensing Agreement With Agfa Monotype Corporation
IMAGING TECHNOLOGIES CORP ("ITEC-L") - Source Code Licensing Agreement With Agfa Monotype Corporation
Imaging Technologies Corporation, a pioneer in the development of digital imaging solutions, announced that it has signed a licensing agreement with Agfa Monotype Corporation, a world leader in color and screening technologies and products that deliver the highest achievable image quality.

ITEC is licensing the source code of ColorBlind(R), a software suite that provides users with a unique set of color management tools, to Agfa Monotype. ITEC will license all future enhancements and upgrades to the suite of products. Agfa Monotype will concentrate its sales efforts in the OEM channels. A detailed description of ITEC's ColorBlind color management products can be found on its Web site, color.com.

"We are pleased to enter into this relationship with Agfa Monotype Corporation," said Richard Stabile, ITEC Vice President Business Development. "This reaffirms ColorBlind's position as the recognized leader in color management."

"We are pleased to be licensing the software that has allowed ColorBlind to gain a world class reputation in color tools," said Doug Shaw, Vice President of OEM Business for Agfa Monotype Corporation.

About Imaging Technologies Corporation

Imaging Technologies Corporation (OTC Bulletin Board: ITEC) 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(R) PostScript(R) 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 i tec.net.

About Agfa Monotype Corporation

Agfa Monotype Corporation is a major provider of digital content for graphic professionals. The company is a recognized leader in fonts and font technologies and an innovator in color and screening technologies. Agfa Monotype is a wholly owned subsidiary of Agfa Corporation, headquartered in Ridgefield Park, NJ. Agfa is part of the Agfa-Gevaert Group, one of the world's leading imaging companies, headquartered in Mortsel, Belgium. Agfa develops, produces and markets analog and digital systems, primarily for the graphics, medical and industrial radiography, and consumer imaging and photography markets. Worldwide, Agfa's annual sales are approximately $4.7 billion. Additional information about Agfa Monotype Corporation can be found on the company's Web site at agfamonotype.com.

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