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Integral Vision, Inc. Announces |
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Wixom, MI (November 14, 2008) - Integral Vision, Inc. (OTC Bulletin Board: INVI), a leading global supplier of automated display inspection technology, today announced financial results for the third quarter ending September 30, 2008. THIRD QUARTER 2008 BUSINESS HIGHLIGHTS THIRD QUARTER 2008 FINANCIAL RESULTS Charles J. Drake, Chairman and CEO of Integral Vision, Inc., commented, "While revenues for the third quarter were down, we shipped several systems during the quarter with acceptance of these systems not obtained before October 1, 2008. We expect that all of the deferred revenue will become revenue in the fourth quarter." Looking ahead, Drake added, "We expect sales to be strong throughout the next year and continue to be very confident about our current and 2009 opportunities. To date, our bookings in the fourth quarter are substantial and have exceeded anything the Company has recorded in recent years; and we are receiving substantial down payments. We expect that the opportunities from our three main business areas in LCD Inspection, MEMS Display Technologies (Micro Electro-Mechanical Systems), and e-Paper (electronic paper) should make 2009 a profitable year, with steady and larger revenues throughout 2009 and margin improvements going forward." TO ACCESS THE LIVE CONFERENCE CALL in conjunction with the release, Integral Vision will host a live conference call at 4:30 p.m. (ET) on Monday, November 17, 2008. To access the conference call, please call 303-262-2138 or 800-240-4186 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 Wednesday, November 19, 2008, by dialing 303-590-3000 or 800-405-2236. The confirmation code 11122372 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) 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 November 14, 2008, and Company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on March 31, 2008. LINK TO TABLESQ308 TABLES (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 |