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Microcap & Penny Stocks : SCAN OPTICS (NASDAQ:SOCR) -- Ignore unavailable to you. Want to Upgrade?

To: Sye Walsh who wrote (536)	2/23/1998 7:48:00 PM
From: Dennis C	Read Replies (1) \| Respond to of 576

Do we need this? Scan-Optics Announces Changes in Employee Composition With Its Strategy to Provide 'Solutions at Work' MANCHESTER, Conn., Feb. 23 /PRNewswire/ -- SCAN-OPTICS, INC. (Nasdaq: SOCR - news) today announced that it will continue to shift its focus from the hardware manufacturing production line to growing its software and professional services organization. The Company reported that it will release 33 of its hardware and manufacturing employees today, but in 1998 will expand its software and professional services organization by more than 25%, as well as add resources in the areas of Customer Service and Sales and Marketing. The Company noted that the overall results of this shift in focus will reduce total manpower by 10% and enable Scan-Optics to be more responsive in the marketplace. According to James C. Mavel, Chairman, Chief Executive Officer and President, ''This direction is consistent with our strategy to provide more value to our customers through more complete and comprehensive solutions for data capture and retrieval. Although our imaging, OCR and paper handling hardware scanners remain pivotal to this strategy, surrounding this capability with software and services is critical to the markets we serve.'' Scan-Optics, Inc. is recognized internationally as an innovator in the information management and imaging systems business. The Company provides products and systems for character recognition, image processing and display, data capture, data entry and multi-user business computers. Scan-Optics' solutions are marketed worldwide to commercial and government customers either directly or through distributors.