Advanced Machine Vision Corporation Plans to Retain an Investment Banking Firm.MEDFORD, Ore.--(BUSINESS WIRE)--Dec. 15, 1999-- Advanced Machine Vision Corporation (Nasdaq:AMVC AMVC Atrophia Maculosa Varioliformis Cutis, Familial AMVC Archief en Musem voor het Vlaamse Cultuurleven (Dutch) AMVC Adaptive Multi Variable Controller ) announced today it plans to retain an investment banking firm to advise the Company's Board of Directors on alternatives for maximizing shareholder value. William J. Young, the Company's Chairman, President and Chief Executive Officer, stated: "The Company's Board of Directors has authorized management to seek the assistance of an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. to help determine ways to maximize shareholder value and to evaluate long-term financing Long-term financing Liabilities repayable in more than one year plus equity. alternatives. Given the current low price of AMV's stock and the technologies developed for the future, we hope to identify possible courses of action to accelerate growth in both revenues and stock price." Advanced Machine Vision Corporation is a worldwide leader in the design, manufacture and sale of standard and CE-compliant vision systems used to control manufacturing processes through high-speed product inspection, and to identify and remove defects, resulting in production and quality yield rates superior to other process and control methods. AMV's operations are comprised of two wholly-owned subsidiaries, SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." VISION, Inc. and Ventek, Inc., both utilizing proprietary image processing technologies. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, such as the Company's ability to sustain adequate customer order levels, the impact of economic conditions on our markets, the ability of the Company to successfully introduce new products, the possible negative impact of competitive products and/or pricing, the uncertainty as to whether the relationship with FMC See fixed mobile convergence. will help contribute to revenues, the Company's ability to sustain a positive cash flow, the impact of the strengthening of U. S. currency on the Company's ability to compete effectively in the foreign markets and the effect of these and other factors on the market price of the Company's Common Stock. Investors are encouraged to review a more comprehensive listing of cautionary statements and risk factors contained in the Company's Forms 10-K and 10-Q SEC filings. Visit our web site at www.amvcorp.com |
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