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Replies to post #16391 on Dalrada Financial Corp (DFCO)
XenaLives
07/18/21 8:25 AM
#16393 RE: SPM555 #16391
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. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X18523516 SOURCE Imaging Technologies Corporation