Farmington Hills, MI (August 7, 2002) - Integral Vision, Inc. (OTCBB/INVI.OB) today announced that it has entered into a financing agreement with private investors involving a grant of a security interest in certain of the Company's assets and other considerations. The facility is expected to fund the working capital requirements for flat panel inspection system orders. To date the company has received $425,000 under this arrangement.

Additionally, the Company has sold another $90,000 of long-term debentures since its news release of March 14, 2002 announcing the sale of $500,000 of the long-term debentures.

In a separate release, Integral Vision announced that it has signed a letter of intent to sell its optical disc inspection product lines. It is expected that the closing will take place in late August. The down payment and royalties from sales of optical disc inspection products over the next two years are expected to improve on the cash flow the Company believes it would have received from continuing to handle the disc inspection product lines directly.

"We believe that the proceeds and royalties from the sale of the disc inspection product lines, the funds available from the new working capital facility, and deposits required for most SharpEye inspection system sales will provide for the cash flow required to fund the expected growth of our flat panel display inspection business. We are currently seeing a higher level of interest and requests for quotations for SharpEye inspections systems than we have ever experienced and believe our sales prospects are very promising," said Charles J. Drake, Chairman and CEO of Integral Vision, Inc.

Integral Vision, Inc., 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. More information can be found at Website: www.iv-usa.com.

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, which 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. ###

Home | Top Of Page