Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=12080 I came across this new listing this morning which definitely warrants looking into. There are some major players involved with excellent track records. Rashid Aziz and Gerald Wittenberg are both involved and have fantastic track records, not to mention some very interesting placee's in the latest private placement. Do some research on this one... you shouldn't be disappointed. Here's what I was able to uncover: Image Power Inc - News Release Board changes; private placement closed; loan agreements Image Power Inc IPZ.VSE Shares issued 15,849,312 Friday Jan 24 1997 News Release Mr Stephen Swift reports The name of the company was changed from Redonda Industries Corp to Image Power Inc. There was no alteration in the share capital of the company. The company has accepted the resignation of Dr Gerald Wittenberg from his position as president. Dr Wittenberg remains a director. Mr Stephen Swift has been appointed president and a director. Mr Swift has extensive high technology company management experience plus technical knowledge and expertise in hardware and software development, systems engineering and algorithm development. The company has agreed to issue 750,000 performance shares to Mr Swift at $0.01 subject to the cancellation of the existing 562,500 escrow shares. Also, the company has allotted and agreed to issue to Mr Swift up to a further 1,250,000 shares. Both transactions are subject to the approval of the company's shareholders. The above performance and allotted shares will be released and issued, respectively, based upon the company's audited cumulative cash flow. The company has closed the asset purchase agreement with Ancilla Technologies. The company and Ancilla Technologies (formerly Kalman Technologies) have agreed to defer the cash payment of $200,000 previously required to be paid at the closing until between 390 and 395 days following closing of the transaction. In a news release in Stockwatch July 11 1996, the company announced a private placement of 3,333,333 units comprised of 3,333,333 shares and warrants to purchase a further 3,333,333 shares exercisable for two years at $0.225 in year one and at $0.26 in year two. The company has amended the exercise price of the warrants to $0.45 per share. The total number of shares being subscribed for is 3,318,176 and the total number of warrants is 2,246,495. The company has closed the private placement. The company has entered into three separate loan agreements dated October 31 1996, wherein a total of $30,000 (3 x $10,000) was loaned to the company by three insiders. Funds from the private placement proceeds will be used to repay the principal sum plus interest. The company has agreed to issue to these insiders as a bonus for the loan of the funds 26,664 shares. --- Image Power Inc - New Listing Image Power Inc IPZ Shares issued 15,849,312 Thursday Jan 23 1...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=1208038013210