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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (5946)	1/26/1999 9:55:00 AM
From: Bill Lowrimore	Read Replies (1) \| Respond to of 56535

All: ITEC....Shares are moving to up side on heavy sales of shares. SAN DIEGO--(BUSINESS WIRE)--Jan. 26, 1999-- New Internet Site is a Technology Commerce Site for Computers, Digital Imaging Hardware, Software and Accessories Imaging Technologies Corp. (Nasdaq:ITEC), pioneer in the development of digital imaging solutions, announced the launch of an E-Commerce Web site designed to offer first-quality computer and imaging hardware, software and consumables. ITEC began developing the site last year as part of strategic business development efforts to create new channels for a growing family of products. The site has achieved steady revenue growth since its introduction last fall. The company projects sales will doubxle in the next 90 days with the roll out of advertising and promotional efforts, with a forecast to achieve an annual sales run rate of $10 million by the end of the calendar year. ITEC developed DealSeekers.com internally, and is now exploring strategic partnering relationships, to further enhance the value of this e-commerce division. "We knew ITEC would need a skill set in E-Commerce to effectively grow the company in the years to come," said Brian Bonar, chief executive officer of Imaging Technologies. "Through DealSeekers.com, we have gained practical experience in the effective implementation and management of E-Commerce. Our objective now is to expand and promote DealSeekers.com and capitalize on our position in the market." The company plans to use DealSeekers.com as a tool to promote and grow its dealer network and expand distribution of the company's digital imaging and software products. ITEC initiated the operation of DealSeekers.com early last year and unveiled the site several months ago. "There is no question that E-Commerce will be strategic to our business plan going forward," added Bonar. "We see it as a means to expand our market reach with a well structured channel delivering our products along with complementary products. It provides us with a virtual business environment, automated sales, prepaid transactions and mechanized order fulfillment." DealSeekers.com is a wholly owned operation of Imaging Technologies Corp. DealSeekers.com is an interactive Internet catalog showroom featuring thousands of computer and digital imaging products. DealSeekers.com partners with manufacturers and other market makers offering them a single source for the efficient and orderly liquidation of excess and previous version inventory and offers "Hot Deals" to its wholesale and retail customers. Major credit cards are accepted for online transactions and order fulfillment is managed through contract vendors. The Internet address is www.dealseekers.com. About Imaging Technologies Corp. Imaging Technologies Corp. 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, the company produces imaging products for a diverse range of 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, external print servers, digital image storage devices and software to improve the accuracy of color reproduction. Organized around interrelated operating divisions, ITEC has evolved a family of technologically advanced imaging products. ITEC was recently named to Orange Coast "Fast 50," a ranking of the 50 fastest-growing technology companies in the Orange County/San Diego region of California. News and information are available at the ITEC Web site at imagetechcorp.com. 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. --30--lc/sd* jm/sd dc/sf CONTACT: Imaging Technologies Corp. Bruce E. Ahern, 619/613-1300, Fax 619/613-1311 bahern@imagetechcorp.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story * regards A.G.