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To: pat mudge who wrote (30590)	2/24/1998 2:45:00 PM
From: Frank Ferrari	Read Replies (1) \| Respond to of 31386

Pat [off topic ISD on toronto] Quarterly and year end results for ISD. 16:03 EST Monday, February 23, 1998 Canada NewsWire OTTAWA, Ont., Feb. 23 /CNW/ - IDS Intelligent Detection Systems Inc. (IDS) today announced fourth quarter 1997 revenues of $20.1 million. This compares to revenues for the same period of 1996 of $0.76 million and to forecasted revenues of $13.4 million. Earnings for the quarter of $2.4 million represented a record for IDS and are in line with forecasted earnings for the quarter. For the three months ended December 31, 1997 IDS generated revenue of $20.16 million compared to revenue of $0.76 million for the same period of 1996. For the year ended December 31, 1997 IDS generated revenues of $24.12 million compared to revenues of $4.04 million in the same period in 1996. The revenues for 1997 of $24.12 million compared to forecasted revenues of $17.4 million. Revenue for 1997 includes sales of IDS' explosive and narcotics detection equipment to the Federal Aviation Administration and other purchasers while revenue for 1996 was comprised solely of revenue from IDS' Integration, Engineering and Consulting (IEC) division. The IEC revenue which increased substantially over 1996, also accounts for the revenue exceeding that forecasted. For the three months ended December 31, 1997 IDS has net earnings before other items of $2.39 million ($0.20 per share) compared to a net loss before other items of $0.42 million ($0.05 per share) for the same period in 1996. The earnings for the fourth quarter of 1997 are in line with forecasted earnings of $2.5 million. For the year ended December 31, 1997 IDS has a net loss before other items of $0.19 million ($0.02 per share) compared to a net loss before other items of $1.35 million ($0.16 per share) for the same period in 1996. At the corporate level, the Initial Public Offering was completed on December 31, 1997 in which the Company generated $15,000,000 in gross proceeds. This was to some degree a disappointment as the Company was originally seeking to raise approximately twice that amount. The shortfall was due to market conditions primarily resulting from economic turmoil in South East Asia. Since January 1, 1998, IDS has been focused on increasing the depth of its senior management in order to meet the anticipated growth in IDS and the demands placed upon it by its customers and investors. As such, IDS has hired the following senior personnel: Mr. Julian Romeskie - Vice-President of Marketing and Business Development. Mr. Romeskie, a professional engineer, joins the Company after extensive senior experience in international marketing and business development with three major high technology firms in the Ottawa area, including experience with the airport security market. Ms Helle Ottosen - Vice-President of Finance & Administration. Ms. Ottosen, a Chartered Accountant, joins IDS from KPMG where she has acted as Senior Manager in an audit and consulting capacity. Helle also has private industry experience as a Director of Finance and Administration. The appointment of Ms Ottosen allows Darlene Nielsen-Downey, Chief Financial Officer, to concentrate on strategic acquisitions, one of the cornerstones of IDS' future. In order to increase the Company's presence in Europe, IDS has appointed Mr. Bill Halkett of the United Kingdom as a consultant. Mr. Halkett has previous experience sales and servicing experience in the security market in Europe. The first quarter of 1998 will comprise revenue primarily from the IEC division as was anticipated in the marketing of the Initial Public Offering. This should result in nominal earnings for the quarter. Manufacturing of CPAD units will continue throughout the first quarter in order to meet anticipated demands. IDS, through its CPAD division, develops, manufactures and has recently commenced the marketing of a wide range of high-speed chemical detection, measurement and analysis products which are based on patented technology. Products such as airport scanners and mail scanners are targeted currently at two principal markets, explosives detection and the drug interdiction markets. IDS, through its IEC division, provides information technology services including systems, integration, engineering and consulting, primarily to the Canadian Federal Government. The division also provides value-added-reselling services of hardware products from several manufacturers. IDS shares are traded on the Toronto Stock Exchange. (Trading Symbol: ISD). Cheers Frank

To: pat mudge who wrote (30590)	2/24/1998 3:18:00 PM
From: Jim Lou	Respond to of 31386

Pat, are you aware of the development of situation that I just posted? What is your insight? thanks. Message 3518104

To: pat mudge who wrote (30590)	2/24/1998 4:31:00 PM
From: EdR	Read Replies (1) \| Respond to of 31386

[chat-future] Hi Pat - Take a look at what Louderback thinks about future possibilities....these sure are exciting times..... Regards, Ed... <<snip>> from an article on ZD On the horizon: The recent satellite launch by Globalstar didn't get a lot of press coverage, but it signals a sea change in telecommunications. Globalstar is owned by 10 communications giants, including Qualcomm, Loral, AirTouch and France Telecom. The company plans to blanket the Earth with 44 satellites by the end of this year, all in low Earth orbit. Unlike traditional geostationary satellites, which orbit at 22,000 miles, these units operate only 878 miles above the Earth. That means small and low-powered devices can communicate with them easily. By early next year, if all goes well, you'll be able to use a single phone, no bigger than today's cellular phones, almost anywhere in the world, and get faxes or e-mail anywhere as well. And if a similar system from Teledesic, which is funded partially by Bill Gates and Craig McCaw, gets built in the early '00s, competition will drive prices down and bandwidth up. Maybe we won't need ADSL or cable modems after all. Jim Louderback is the editorial director of ZDTV and a contributing editor to PC Week. He can be reached at jim_louderback@zd.com.