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Sunday, July 18, 2021 8:25:51 AM
BONAR adds a bunch of worthless acquisitions to pump his public companies, but ends up with a worthless hot mess every time.
This is typical a typical defunct BONARFRIED business:
Imaging Technologies CEO Brian Bonar Interviewed on WallStreetReporter.com
Insight into ITEC's Business Strategy, Including
The Integration of Its Recent Acquisitions
SAN DIEGO, Nov. 28, 2001 /PRNewswire/ -- Brian Bonar, CEO of Imaging
Technologies Corporation (OTC Bulletin Board: ITEC), a leading developer of
color management software and an integrator and service organization for
digital imaging hardware, is currently featured in an on-line interview at
WallStreetReporter.com. During the interview, Bonar discussed ITEC's business
strategy, including the integration of its recent acquisitions. The direct
link to the interview is as follows:
www.wallstreetreporter.com/v2/asp/profile/default.asp?content=99&id=4689&s=1 .
ITEC's transformation from a developer/manufacturer to a
marketing/services organization has been evolving over the past 12 months.
The ITEC business plan calls for the Company to leverage its expertise in
imaging products and services. To that end, ITEC, through strategic
acquisitions, has been able to expand its market to that of providing imaging
products and services.
In order to grow the Company more rapidly, ITEC has identified an
opportunity to serve its target markets (small to medium-sized businesses) by
providing certain administrative services.
"In order to capitalize on our existing systems integration expertise,"
Bonar explained, "ITEC has embarked on an expansion program to provide more
services to help with tasks that have negatively impacted the business
operations of our existing and potential customers. To this end, we have
begun a program of strategic acquisitions in personnel and employment practice
management. We believe that there is considerable synergy between providing
office systems solutions with administrative services."
Earlier this month, ITEC acquired SourceOne Group, Inc., a Virginia-based
professional employer organization ("PEO") that provides small to
medium-sized businesses with payroll and human resource services. "We expect
this acquisition to add approximately $40 million in additional revenues in
our current fiscal year," said Bonar.
The personnel services (PEO) industry is large and growing. The PEO
industry offers ITEC a way to leverage its office products and services to a
large customer base. And, a PEO can leverage ITEC products and services to
improve services, customer retention, and profits.
"Through other strategic acquisitions of existing office products
resellers," said Bonar, "ITEC has been able to assemble an infrastructure of
competent sales and support personnel. This acquisition strategy has the
potential to leverage our access to capital and customers throughout the
world, with the local expertise of small value-added resellers who find it
difficult to grow their businesses when competing with larger companies."
About Imaging Technologies Corp.
Imaging Technologies Corporation (OTC Bulletin Board: ITEC) was founded in
1982. Headquartered in San Diego, California, the Company produces and
distributes imaging products for diverse market segments. ITEC's office
products and systems operations integrate a variety of products, including
printers, plotters, copiers, and software, into a seamless, networked solution
for clients who are generally small to medium-sized businesses. Hardware,
software, supplies, and service are bundled together as a systems solution.
The Company's award-winning ColorBlind(C) software is a suite of
applications that enables users (both novice and professional) to produce
images that are accurate and consistent across a wide variety of hardware and
software platforms
ITEC's SourceOne subsidiary is a professional employer organization
providing a variety of personnel and facilities services to small to
medium-sized businesses.
ITEC's e-commerce initiatives, www.dealseekers.com and www.color.com,
provide sales and service support for consumables such as inks, toner, and
paper, and for color education and software products.
Information on the Company is available at the ITEC Web site at
www.itec.net .
Statements in this press release may constitute forward-looking statements
and are subject to numerous risks and uncertainties, including the failure to
complete successfully the development of new or enhanced products, the
Company's future capital needs, the lack of market demand for any new or
enhanced products the Company may develop, any actions by the Company's
partners that may be adverse to the Company, the success of competitive
products, other economic factors affecting the Company and its markets,
seasonal changes, and other risks detailed from time to time in the Company's
filings with the U.S. Securities and Exchange Commission. The actual results
may differ materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press release.
For further information, please contact: Brian Bonar, Chief Executive
Officer of Imaging Technologies Corporation, +1-858-613-1300, bbonar@itec.net.
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http://tbutton.prnewswire.com/prn/11690X18523516
SOURCE Imaging Technologies Corporation
https://www.prnewswire.com/news-releases/imaging-technologies-ceo-brian-bonar-interviewed-on-wallstreetreportercom-74409637.html
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