Donner Corp. International Reiterates Speculative Buy on Imaging Technologies Corporation Thursday, September 28, 2000 12:44 PM Mail this article to a friend SANTA ANA, Calif., Sept. 28 /PRNewswire/ -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702. Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today reiterated its Speculative Buy Recommendation on Imaging Technologies Corporation (OTC Bulletin Board: ITEC). ITEC is a worldwide pioneer in the development, manufacturing, licensing and distribution of high-quality digital imaging solutions. The Company produces controllers for non-impact printers and multifunction peripherals, monochrome and color printers, printer controllers, external print servers and software to improve the accuracy of color reproductions. Donner said a key reason for the reiteration of the Speculative Buy Recommendation is that ITEC's registration statement filed with the U.S. Securities and Exchange Commission related to its equity funding has been declared effective, allowing ITEC to begin the process of drawing down funds against this line of credit of up to $36 million. Donner said ITEC has also made a number of other recent significant announcements, including: -- Development of RealProof 8500, an affordable color proofing system for design firms, advertising agencies and prepress service bureaus. The system is ideal for digital proofing during the entire creative project, from concept to completion. -- Naming experienced, talented executives as Chief Accounting Officer, Director of Sales for North America, and Director of Product Development. This is a continuance of the trend by ITEC to add solid professionals to its team. -- Having its Colorblind Matchbox software suite named one of the top 50 products for the year by the national business publication Digital Output, the business guide for electronic publishers. -- Naming another international leader in technology to its Board of Directors. Also, naming Chris McKee, a seasoned executive, as President and COO, freeing Brian Bonar, the CEO, to work on increasing sales."We are pleased that ITEC can now access funds for working capital. This is a significant milestone for ITEC and we anticipate the Company will move forward with its business plan aggressively," Donner said. "Our comparisons of ITEC to Electronics For Imaging, Inc. (Nasdaq: EFII, news, msgs), which designs and markets products that support color printing on a variety of peripheral devices, and to Splash Technology Holdings Inc. (Nasdaq: SPLH, news, msgs), which develops and markets color servers providing a link between desktop computers and digital color laser copiers, leads us to believe that ITEC is significantly undervalued compared to these competitors," Donner said. Copies of the Donner report on ITEC are available at www.donnercorp.com.Any information or opinion provided in this report/release does not solicit or make an offer to buy or sell any securities or any options, futures or other derivatives related to such securities herein. DCI and its affiliates may trade for their own accounts in any securities of the issuer or in related securities. DCI or its affiliates, directors, officers and employees, may have a long or short position in securities of the issuer or related investments. DCI or its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report/release. This research report has been prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objective, financial situation and the particular need of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall substantially. Accordingly, investors may receive back less than originally invested. Past performance is not indicative of future performance. Copyright 2000 DCI. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that DCI was recently compensated by ITEC in the form of a $2,500 initial retainer fee and DCI receives $2,500 per month for services provided. DCI will also receive $3.00 for each prospective investor name delivered to ITEC. DCI will also receive 400,000 shares of ITEC restricted common stock under Rule 144. Finally, there will be a negotiable fee for mergers, acquisitions, institutional transactions or other business relationships entered between ITEC and companies introduced by DCI.
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