TIDMIGE
RNS Number : 9688M
Image Scan Holdings PLC
09 February 2009
9 February 2009
Image Scan Holdings plc
("Image Scan" or "the Company")
Completion of Strategic Review
The Board of Image Scan, specialists in the field of real-time 3D and 2D x-ray
imaging for Security and Industrial Inspection markets, advises that, following
the strategic review announcement made on 30 September 2008, the Company's
strategic review is now concluded.
The Board had appointed Grant Thornton to carry out a strategic review of all
the options available to the Company in seeking a stable and growing platform
for its business. The strategic review is now complete, as are the resultant
internal restructuring and board changes.
The Board believes that with year to date sales of GBP143,000, the current order
book of GBP940,000 provides a platform for growth. It is felt that with the
prevailing market conditions affecting the availability of funds for investment,
attempts to seek a purchaser for the Company at this time would be unlikely to
fully reflect the Company's potential.
The Company is no longer in an offer period for the purposes of the City Code on
Takeovers and Mergers.
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel:
+44 (0) 1664 503 600
Gilbert Chalk, Chairman
Louise George, CEO
info@ish.co.uk
Seymour Pierce Tel: +44
(0) 207 107 8000
Richard Feigen
Sarah Jacobs
Bishopsgate Communications Ltd Tel: +44 (0) 207
562 3350
Jenni Herbert
Siobhra Murphy
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development and
commercialisation of market leading real-time 3D and 2D x-ray solutions for use
in the global industrial and security inspection markets. The Company's
industrial inspection solutions include the MDXi unit and the DEX systems. The
security portfolio includes Axis-3d , a unique 3D baggage inspection system for
corporate and airport security, and FlatScan-TPXi, a portable bomb and suspect
package detection system.
Current Technology Portfolio
The Company's portfolio currently comprises of the following x-ray inspection
systems: Axis-3d ; MDXi; FlatScan-TPXi and the DEX x-ray vision engine for OEM
applications.
For further information on the Company, please visit: www.ish.co.uk - and for
further information on its products, please visit: www.3dx-ray.com
This information is provided by RNS
The company news service from the London Stock Exchange
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