To: a.m. fisher who wrote (1489 ) 3/3/1999 9:14:00 AM From: Dale Mackenzie Read Replies (1) | Respond to of 8189
Does anyone know how the following fits into the mrps picture? It seems they began marketing this product to Ford and others 3 or 4 years ago. What happened at that time to delay production and sales? The message below was first posted by a.m. Fisher on March 2: I'm posting some old news releases mentioning Jimmy Gayle. PLEASE NOTE THE DATES OF PUBLICATION. THIS IS INFORMATION FROM THE ARCHIVES: PR Newswire March 13, 1997, Thursday SECTION: Financial News DISTRIBUTION: TO BUSINESS AND TECHNOLOGY EDITORS LENGTH: 418 words HEADLINE: Digital Descriptor Systems, Inc. Enters into Agreement with Microphonics, Inc. to Distribute Its Ultrasonic Diagnostic Testing Equipment;; Agreement to Generate Sales of at Least $3 to $4 Million Annually Starting in 1998 DATELINE: LANGHORNE, Pa., March 13 BODY: Digital Descriptor Systems, Inc. (Nasdaq: DDSI), a leading manufacturer and marketer of digitized imaging systems for the criminal justice and security markets, today announced it has entered into an exclusive distribution agreement with Memphis, Tennessee based MicroPhonics, Inc. to distribute its ultrasonic diagnostic testing equipment in Europe. MicroPhonics' ultrasonic diagnostic testing equipment is currently being used in the U.S. primarily by the automotive industry. Garrett Cohn, President of DDSI, said, "We believe that our distribution of MicroPhonics' product will allow us to significantly expand our revenues. We anticipate annual sales of at least $3 to $4 million beginning in 1998." Jimmy Gayle, President of MicroPhonics, Inc. said, "We are very pleased to be working with DDSI, especially in light of the Company's marketing expertise in Europe and its advanced usage of digital technology, which can help us in our development. Our ultrasonic diagnostic testing equipment uses digital technology to convert ultrasonic sounds from a variety of electronic charges to audible sounds. This year, we have already received contracts for orders totaling nearly $10 million. In 1996, sales were just under $600,000. Most of our sales to date have been to U.S. automotive manufacturers for quality control and we expect that DDSI will be able to mirror our success in Europe within a year." Said Mr. Cohn, "We believe we will be very successful with MicroPhonics in Europe due to our established international sales offices. Currently, wehave offices in Brussels, Belgium and Gothenburg, Sweden and will open additional branches in London, England, Rome, Italy and Hamburg, Germany." Digital Descriptor Systems, Inc. develops and markets computer installations, consisting of hardware and software, which utilize digitized technology to capture video and scanned images, digitize the image, link the digitized images to text and store image and text. The Company has adopted its digitized technology and software into several core products. The Company's products include Compu-Capture, a system for booking suspects by law enforcement agencies and tracking inmates by correctional facilities; Compu- Color, a software program for record keeping for tax assessors; and Compu- Capture ID, a program to produce identification cards and security devices for governments or private industry. SOURCE Digital Descriptor Systems, Inc. CONTACT: Garrett Cohn, President of Digital Descriptor Systems, 215-752-0963