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Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: robin hood who wrote (553)	5/28/1999 8:56:00 AM
From: Robert van Mil	Respond to of 658

Robin, allow me to give you my opinion on that statement: "I don't care about IPS, I want to know what they gonna do with Tisma." I think by now, we all realize that the picture at Tisma wasn't as rosy as IPV anticipated when they took over. Can they turn that around? Well, if you believe they have competent people, with the ability to do that, this is obviously a good investment. If they can show us they are able to create profitable leading edge technology in a very similar field, maybe some confidence is in order here, after all, why then wouldn't they be able to get Tisma on the right track ?? If you don't believe that, there are hundreds of other companies to invest in. What happens at IPS is crucial because it shows us whether or not they have these abilities. If they do, then eventually this will go a long way toward turning the Tisma fiasco around, and making it into a profitable venture. They have after all only had control of that company for a relatively short period. If IPS fails, or they show not to have these abilities, I too will put my money elsewhere. All the best, Robert

To: robin hood who wrote (553)	5/31/1999 9:46:00 AM
From: Dennis Lefebvre	Read Replies (1) \| Respond to of 658

robin hood, Image Processing sells Chicago-based TMC Image Processing Systems Inc IPV Shares issued 19,902,503 1999-05-28 close $0.71 Monday May 31 1999 Mr. Ken Wawrew reports Image Processing Systems, under its trade name IPS Automation, has sold Chicago-based Tisma Machinery Corporation (TMC). IPS acquired TMC in July, 1997. "The synergies between the companies anticipated at the time of purchase did not materialize," commented John Bowie, IPS chairman, "And, the current management attention and resources required at TMC became more than we were prepared to accommodate." "Our management's attention and energies are better focused on our vision business - filling the pent-up demand in our display inspection business, commercializing our new automobile glass inspection products and continuing development of exciting new products," said Ken Wawrew, IPS president and chief executive officer. "This demand has generated the largest number of shipments for our first quarter in the history of the company and our order backlog now sits at $12.5-million." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com