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Integral Vision, Inc. Announces |
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Wixom, MI (May 15, 2008) - Integral Vision, Inc. (OTC Bulletin Board: INVI), a leading global supplier of automated display inspection technology, today announced financial results for the first quarter ending March 31, 2008. BUSINESS HIGHLIGHTS FIRST QUARTER 2008 FINANCIAL RESULTS Net revenues for the first quarter of 2008 were $9,000, a decrease of $307,000 from $316,000 in the first quarter of 2007. The resulting 2008 first quarter loss of $846,000 is $99,000 greater than the $747,000 loss for the first quarter of 2007. Charles J. Drake, chairman and CEO of Integral Vision, Inc., commented, "Despite the low revenue for the first quarter, we continue to be very confident that 2008 will be a breakout year for the Company. Shipments will be stronger as the year progresses; and our bookings and quoting activity is greater than we have ever experienced in the past." Drake concluded, "Our sales penetration with LCD manufacturers will also be significant this year, which we anticipate will lead to improved sales. In addition, the emergence of new display technologies, namely MEMS, e-paper and OLED, from existing Integral Vision customers will show significant sales traction for us later in 2008 and for several years going forward." TO ACCESS THE LIVE CONFERENCE CALL Integral Vision will host a live conference call at 4:30 p.m. (ET) on Thursday, May 15, 2008. To access the conference call, please call 303-262-2137 or 800-257-1836 approximately 5 to 10 minutes prior to the scheduled start time. TO ACCESS A REPLAY OF THE CONFERENCE CALL If you are unable to listen to the live conference call, it will be archived for replay. Shortly after the call, a telephonic replay will be available through Saturday, May 17, 2008, by dialing 303-590-3000 or 800-405-2236. The confirmation code 11114300 is required for the telephonic replay. COMPANY'S INVESTOR E-MAIL LIST To be added to Integral Visions investor email list, please contact Laura Guerrant of Guerrant Associates at lguerrant@guerrantir.com ABOUT INTEGRAL VISION, INC. Integral Vision, Inc. (OTC Bulletin Board: INVI), an ISO 9001 registered firm, offers display inspection technology that provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. Integral Vision has been inspecting displays since 1992 and is an industry leader committed to providing automated solutions to the quality issues Microdisplay, OLED and LCD manufacturers face in today's competitive marketplace. More information can be found at Website: www.iv-usa.com. "SAFE HARBOR" Statement under the Private Securities Litigation Reform Act of 1995 Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: competitive conditions in the Company's markets and the effect of competitive products and pricing; technological development by the Company, its customers and its competition; the Company's available cash and access to debt and equity financing; and general economic conditions and conditions in the specific industries in which the company has significant customers. As a result, the Company's results may fluctuate. Additional information concerning risk factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's best estimates as of the date of this press release. The Company assumes no obligation to update such estimates except as required by the rules and regulations of the Securities and Exchange Commission. FINANCIAL INFORMATION The summary financial information contained in this press release, including the following information in tabular form, should be read in conjunction with the more detailed information contained in the Company's Form 10-Q filed with the Securities and Exchange Commission on May 15, 2008, and Company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on March 31, 2008. LINK TO TABLESTABLES Q108 (PDF) |
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Integral Vision Inc. 49113 Wixom Tech Drive Wixom, MI 48393 USA Tel: +1 248.668.9230 Fax: +1 248.668.9384 |