Date: Wed, 20 Nov 1996 20:58:14 GMT Server: Stronghold/2.0 Apache/1.2b10 Last-Modified: Sun, 10 Nov 1996 22:19:48 GMT ETag: "3460e-6653-32865504" Content-Length: 26195 Accept-Ranges: bytes Connection: close Content-Type: text/html X-Pad: avoid browser bug Imtec Financial News

 

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Financials at a Glance

IMTEC Inc. Announces Earnings and Sales Increases for Fourth Quarter

BELLOWS FALLS, Vermont. August 20, 1997 -- Imtec, Inc. (NASDAQ:IMTC) announced its results of operations for the fourth quarter and fiscal year ended June 30, 1997.

The Company reported that net income increased by 87.8 percent in the fourth quarter over a year ago to $175,110 or $0.10 per share. Sales increased by 15.6 percent over last year’s fourth quarter to $2,379,522.

Full year net income for Fiscal ’97 was $556,074 or $0.34 per share, a decrease of 22.7 percent. Fiscal 1997 sales were $8,801,389, down 3.4 percent. Last year’s sales included $1,115,752 of non-recurring sales to UPS. Fiscal ’97 total sales of $8,801,389 reflect a 10.1 percent increase over last year’s sales of $7,992,165, excluding UPS sales.

The Company also reported that gross margins increased during the fiscal year to 46.8 percent from 44.8 percent. Rich Kalich, President and CEO, commented, "Overall margins benefited from the introduction of new products, ongoing operating efficiencies, and a positive sales mix of high-performance/higher margin products."

Imtec designs, manufactures, and sells high-performance bar code labels and labeling systems used in Auto ID applications throughout the world.

Financial Data (in thousands, except per share data)

For the three months ended June 30, 1997 June 30, 1996

Sales $2,380 $2,058

Net Income 175 93

EPS $0.10 $0.06

For the twelve months ended June 30, 1997 June 30, 1996

Sales $8,801 $9,108

Net Income 556 719

EPS $0.35 $0.46

Sales less UPS $8,801 $7,992

IMTEC ACQUIRES CUSTOMARK A DIVISION OF MARKEM CORPORATION

BELLOWS FALLS, Vermont. August 13, 1997 -- Imtec, Inc. (NASDAQ:IMTC) A leading provider of custom bar code, high-performance labels, and labeling systems for the automatic identification industry, today announced that it acquired the U.S. Customark Division of Markem Corporation. Financial details of the asset purchase agreement were not disclosed.

Customark, whose management and associates will remain in their current position for the proximate future, is located in Keene, NH. Rich Kalich, President and CEO of IMTEC, commented "Customark’s digital-to-print, microprocessor-based labeling technology is among the most technically advanced in the world. This acquisition is expected to enhance IMTEC’s leadership position in providing high-performance bar code labels and labeling systems."

"Customark is a valued supplier to a variety of automatic identification customers," Kalich said. He further commented, "The acquired manufacturing infrastructure and marketing approaches fit well with IMTEC’s business objectives. The Customark acquisition provides capacities and capabilities in the fastest growing and highest margin area of our business. This acquisition is consistent with our business strategy of acquiring profitable high technology companies that provide synergies with our existing core competencies and distribution networks."

Imtec designs, manufactures, and sells high-performance bar code labels and labeling systems. Imtec also manufactures and sells label consumables such as laminates, labels, and ribbons.

Any forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company products and services in the marketplace, competitive factors, new products and technological developments, dependence upon third-party vendors and other uncertainties related to customer purchases, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange commission.

Imtec Board Adopts Acquisition Strategy

BELLOWS FALLS, Vermont. July 10, 1997, Imtec, Inc. (NASDAQ:IMTC) announced today that its Board of Directors adopted management’s recommendation that Imtec seek strategic acquisitions in the automatic identification industry.

Commenting upon the Board’s action, Rich Kalich, President and CEO, stated: "Over the past three years we grew our base business, achieved a consistent record of profitability, eliminated all debt from our balance sheet, and built our management team and processes. The automatic identification industry is growing, and Imtec plans to be a significant participant in that growth. We will now actively seek strategic acquisitions, favoring candidates that are at the high-technology side of our core competencies. Our goal is to leverage our systems and pace-setting technology in high-performance labels and labeling systems to achieve accelerated growth. We believe that our acquisition strategy, when successfully implemented, will increase the stockholder value of our Company."

Imtec designs, manufactures, and sells high-performance bar code labels and labeling systems. Imtec also manufactures and sells label consumables such as laminates, labels, and ribbons.

Any forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company products and services in the marketplace, competitive factors, new products and technological developments, dependence upon third-party vendors and other uncertainties related to customer purchases, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission.

CornerWrap™ and FrontLabeler™
Are Added to Imtec's ApplyPro™ Line

Imtec, Inc. has added two new products to its ApplyPro labeling systems. The ApplyPro "CornerWrap" prints, then applies a bar coded label on two adjacent sides of a carton. That allows product identification in warehouses where boxes are typically stacked on shelves or pallets. Labeling on two sides is often required so that the label can be seen regardless of how the box is stored.

The ApplyPro "FrontLabeler" places a label on the front panel of a carton as it moves on a conveyor. Before the introduction of this product, workers had to either hand-apply the label or turn the box to be labeled from the side.

CornerWrap and FrontLabeler are designed to be easily installed on existing manufacturing or distribution conveyors. The systems let operators easily format a variety of labels and store them in memory.

Rich Kalich, president and CEO, says: "These additions to our pace-setting ApplyPro line strengthen our leadership position in labeling systems."

Comprehensive Label Selector Guide

BELLOWS FALLS, Vermont. November, 1996 -- IMTEC, Inc. (NASDAQ:IMTC) announced the publication of a new Label Material Selection Guide designed to aid in the selection of labeling materials. The guide contains an extensive listing of label materials each with detailed performance specifications. The guide is free to companies requesting the information.

The Label Material Selection Guide is useful for any industry that uses labels. Label materials are sorted by categories. Nine categories represent labeling applications such as shipping, abrasion resistant, security, laminations and high-temperature resistance. Within each category is a list of label materials with performance characteristics. Each label material lists a description, intended environment, thickness, service temperatures, adhesive type, adhesive characteristic, compatible surfaces and color. The guide lists over 95 unique label materials.

John Schuck, Marketing and Sales Director of Imtec, commented, "The publication of this information is useful for companies requiring unique materials to solve labeling applications. The Label Material Guide is the most comprehensive in the industry. The guide showcases Imtec’s leadership position as the leading supplier of high-performance labeling products."

IMTEC Announces LabelPro™
New High-Speed Label Applicator

Imtec, Inc. (NASDAQ:IMTC) introduced a new line of apply only labeling systems. These systems utilize preprinted labels. The LabelPro line of products is designed for automatic or semi-automatic placement of labels on products or their containers.

The LabelPro is designed to apply a preprinted pressure-sensitive label to products or packages. It typically is installed over a packaging or manufacturing line that is in motion. Upon sensing a product, the LabelPro automatically dispenses a label onto the top or side of the product at a rate up to 120 per minute.

The economical and reliable operation of the LabelPro makes it ideal for use in situations where application of a preprinted label is required. The low cost and high application speed enable rapid return on investment.

Rich Kalich, President and CEO, commented, "The LabelPro product line is a logical extension of our current labeling systems. With our recent investments to increase our capacity and capability in label conversion and printing, we are well positioned to service this important market sector. We have long been encouraged by customers to bring our industry-leading technology into this product area, and we’re pleased to make this product line introduction."

IMTEC ANNOUNCES NEW

LabelKwik™ - LABEL DISPENSER

BELLOWS FALLS, Vermont. March 28, 1997-- IMTEC, Inc. (NASDAQ:IMTC) announced the expansion of their line of labeling systems with the introduction of the LabelKwik label dispenser.

The LabelKwik dispenses pressure sensitive labels for hand placement onto products or containers. The system improves productivity, throughput, and label placement where labels are hand applied to products and packaging for identification or promotional reasons.

Usage tests indicate a 100% increase in label application throughput and virtually eliminated label damage. This device sells for under $1,000.

The LabelKwik dispenses labels ranging in size from 0.125" x 0.25" up to 9.0" x 6.0". It dispenses both die-cut and butt-cut labels.

 

IMTEC ANNOUNCES Breakthrough Pricing on New Labeling System - LabelShot

BELLOWS FALLS, Vermont. January 17, 1997-- IMTEC, Inc. (NASDAQ:IMTC) introduced a new labeling system, the LabelShot.

This unique printer applicator system utilizes a variety of stand-alone thermal transfer printers, including Intermec and Sato.

The applicator intercepts the printed label and blows the label up to 4.0" away onto the side of a product or package. The labeling system handles labels from 1.0" x 1.0" (2.5cm x 2.5cm) to 4.25" x 4.25" (10.8cm x 10.8cm) and printers all bar code symbologies. Imtec also offers QuickStay labels designed for blow-on applicators.

This Imtec applicator system eliminates hand application of labels and is priced at $5,495.

 

IMTEC Announces the ValuePro™

Label Printer Applicator

BELLOWS FALLS, Vermont. NOVEMBER 1996 -- Imtec, Inc. (NASDAQ:IMTC) introduced their new ValuePro line of labeling systems. This equipment is designed for carton and product labeling in food, beverage, pharmaceutical, and consumer products manufacturers.

The ValuePro labeling systems are designed to provide reliability and simplicity of operation in high use environments. The equipment would typically be used to apply bar coded labels to products going into retail and warehouse environments.

Rich Kalich, President and CEO, commented "We’re pleased to provide Imtec quality and durability in an economically priced labeling system. These labeling systems are designed to provide trouble-free use in high-duty applications. We anticipate that they will be well received by our customers. This product line is positioned to capitalize on the broad compliance labeling market. We expect these labeling systems to generate label consumable business to enhance the return on our recent capital investments in our label business."

Imtec Introduces StaticSafe Polyester Labels For Electronics

BELLOWS FALLS, Vermont. January 29, 1997 -- Imtec, Inc. (NASDAQ:IMTC) expanded its industry leading line of StaticSafe label materials to include polyester labels. Previously, the StaticSafe feature was only available in Imtec’s polyimide product. Imtec pioneered the introduction of StaticSafe labels for use in electronics applications in 1996.

StaticSafe materials essentially eliminate the transfer of static electricity via labels. This is a critical concern in electronics design and manufacture where catastrophic failures can be caused by the dissipation of static electricity charges. StaticSafe polyester labels will be applied to components placed on circuit boards as well as the circuit boards themselves.

Rich Kalich, President and CEO commented, "Static electricity is a major concern at most electronic manufacturing facilities. The expansion of our industry-leading StaticSafe product line makes this important technology available for broader applications. We are pleased to expand this product in response to customer requests."

Imtec has a patent pending on the StaticSafe process.

Imtec Announces "Pick and Place" Labeling System For Electronics

BELLOWS FALLS, Vermont. February 24, 1997--Imtec, Inc. (NASDAQ:IMTC) announced their new MAX™ labeling system. This robotics "pick and place" label printer applicator is designed for circuit board and electronic component labeling. The unit is designed to SMEMA specifications and can either be integrated into a fully automated electronics assembly line or used on a stand-alone basis.

The Max labeling system utilizes a PentiumŪ processor and a Windows NTŪ operating system with sliding tray keyboard, trackball, and monitor. The unit has an 18" x 20" (45.7cm x 50.8cm) programmable work area. It can be operated on either a manual or fully-automatic programmable basis. The unit has a 5-second cycle time.

Max accommodates two printers to enable different label formats or no-downtime supply replenishment. The Max handles label sizes from 0.25" x 0.25" (6.35mm x 6.35mm) minimum to 2.50" x 1.50" (63.50mm x 38.10mm) maximum. On-board software provides easy label formats with all bar code symbologies, including 2-dimensional codes such as PDF-417 and DataMatrix.

The work area is completely enclosed. The Max meets the requirements of TUV, CE, FCC, and CUL (CSA+UL).

 

Imtec Expands Media Offerings With

"QuickStay™" Labels

BELLOWS FALLS, Vermont. March 13, 1997-- Imtec, Inc. (NASDAQ:IMTC) announces the addition of QuickStay label materials to their already extensive label material product line. QuickStay label materials are designed for use in blow-on applicators and are available in direct thermal and thermal transfer versions. Both permanent and removable adhesives are offered. The extremely "high-initial tack" characteristic of the adhesive, make these products unique.

Rich Kalich, President and CEO, commented, "The standard tests for label adhesion relate to pressure application. An air blow labeling system needs a different approach. Our label development staff has designed this unique labeling system that greatly enhances the performance of labels in a blow-on application."

QuickStay labels compliment and enhance the performance of "blow-on" label applicators like Imtec’s new LabelShot and others manufactured by Labeliare, Matthews, and Markem. Imtec is proud to offer yet another complete labeling solution for today’s demanding product identification market.

Imtec Announces Laminator for

Pressure Sensitive Labels

BELLOWS FALLS, Vermont. March 27, 1997 -- Imtec, Inc. (NASDAQ:IMTC) introduced their new Protector Series 5™ label printer laminator.

The Protector Series 5 enables in-house production of laminated pressure sensitive labels. Laminated labels have a protective layer over the printed surface that provides extreme durability and protection in a variety of harsh environments.

Imtec offers a variety of laminates to provide protection against high and low temperatures, cleaners, detergents, water, chemicals, oils, gasoline, paints, salts, corrosives, tearing, abrasion, and weather conditions. Laminated labels are used to identify automotive parts (and vehicles), utility poles and equipment, rental autos and equipment, chemicals and hazardous waste, military assets, and more.

The Imtec laminator can be used with a variety of stand-alone thermal transfer printers including Intermec, Sato, and Zebra. The system is also attractive for label converters that provide label service bureaus.

Rich Kalich, President and CEO commented, "The Protector Series 5 enables end users and label converters to economically produce high-quality laminated labels. The wide variety of laminates that Imtec offers helps to assure that label durability is possible under a variety of conditions. The Protector Series 5 product contributes to Imtec’s leadership position in labeling systems."

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Financials at a Glance