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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?


To: a.m. fisher who wrote (1489)3/2/1999 1:27:00 PM
From: Dale Mackenzie  Read Replies (1) | Respond to of 8189
 
De ju vue!

What happened between 1996 and now? Sounds like a copy of the recent news stories. Anybody know?

DM



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