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Clemex Technologies Inc. CXG.A ASE Add to Portfolio July 2, 1998 REcord Revenues - First Two Months Of 1999 Fiscal Year, Results Driven By Sustained Growth Of Imaging Systems And Struers Distribution Side Of Business MONTREAL, July 2 /CNW/ - Clemex Technologies Inc. (ASE:CXG.A), the recognized leader in solutions for quantitative microscopy, today announced record revenues for the first two months ending June 30th, 1998, of its 1999 fiscal year. Unaudited revenues for the first two months of the current fiscal year were $723,000, a 164% increase over revenues of $274,000 for the same period of 1998. Net income increased to $100,000 compared with a loss of $100,000 for the same period of 1998. ''Our strategy of taking on the Struers agency commencing January 1st, 1998 has proven to be successful and has contributed significantly to the company's positive performance. We expect to finish the first quarter very positively,'' said Clement Forget, President & CEO of Clemex Technologies Inc. ''In addition to the Struers complimentary line of business, we landed important customers who purchased our Clemex imaging systems. They include IBM, General Electric, Carpenter Technology, Saturn, Novartis Pharmaceuticals, Orenda Aerospace, PC World, Smith Tools, US Naval Academy, among others.'' 1998 annual fiscal results will be announced next week. ABOUT CLEMEX TECHNOLOGIES, INC. Founded in 1990, Clemex Technologies, Inc. (http://www.clemex.com) (ASE:CXG.A) develops, markets and supports a family of image analysis products that enable Fortune 1000, academic, and private research centers alike, the ability to rapidly and accurately quantify images for quality control and/or research purposes. The Alberta Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release. For further information: Ron Goldman, Marketing Director, Clemex Technologies, Inc., (450) 651-6573, rong(at)clemex.com | ||||||||||||||
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