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INTEGRAL VISION, INC. ANNOUNCES SECOND QUARTER RESULTS
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Farmington Hills, MI (August 16, 2004)
- Integral Vision, Inc. (OTCBB / INVI.OB) today announced financial results
for its fiscal second quarter ending June 30, 2004. Revenues for the second
quarter were $177,000 and the net loss for the company was $776,000 or
$0.06 per share.
"We expected to deliver several larger systems in the second quarter
which were delayed into the third quarter. The first system in a multiple
system order has been shipped and several additional systems should be
delivered this quarter. Based on our present backlog and anticipated orders
our shipments should be substantial for the rest of this year, and we
should be cash flow positive. Our quoting activity is high, and we believe
we will be the primary inspection source for the majority of the microdisplay
industry including LCoS (Liquid Crystal on Silicon), DMD (Digital Micromirror
Devices), and HTPS (High Temperature Poly Silicon)," said Charles J. Drake,
Chairman and CEO of Integral Vision, Inc.
About Integral Vision Integral Vision, Inc. (OTC Bulletin Board: INVI), an ISO 9001 registered firm, offers machine vision-based inspection systems to the industrial manufacturer. Integral Vision is a leading supplier of machine vision systems used to monitor or control the manufacturing process. Vision systems are used to supplement human inspection or provide quality assurance when production rates exceed human capability. 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 and Section 21E of the Securities Act of 1934. 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 are 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. |
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Integral Vision Inc. 38700 Grand River Avenue Farmington Hills, MI 48335 USA +1 248.471.2660 +1 248.615.2971 fax |