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I.S.G. TECHNOLOGIES INC. ANNOUNCES CLOSING OF U.S. CANADIAN OFFERING

I.S.G. TECHNOLOGIES INC. ANNOUNCES CLOSING OF U.S. CANADIAN OFFERING
 TORONTO, March 16 /PRNewswire/ -- I.S.G. Technologies Inc. (NASDAQ-NMS: ISGTF) announced today the closing of its joint U.S. and Canadian offering of 2,800,000 common shares, 2,150,000 common shares from treasury and 650,000 common shares pursuant to a secondary offering on behalf of certain selling shareholders. ISG raised gross proceeds of approximately Cdn.$32,195,000 from the joint offering and currently has 10,797,442 common shares outstanding.
 The U.S. offering consisted of 2,240,000 common shares co-managed by Smith Barney, Harris Upham & Co. Incorporated and Tucker Anthony Incorporated. The Canadian offering consisted of 560,000 common shares managed by Gordon Capital Corporation.
 The common shares are traded on The Toronto Stock Exchange under the symbol "ISO" and on the NASDAQ National Market System under the symbol "ISGTF."
 Located in the greater Toronto area, ISG designs, manufacturers, markets and services computer-based visual data processing systems used by radiologists and surgeons to display, manipulate and analyze two-dimensional and three-dimensional images of a patient's internal anatomy.
 -0- 3/16/92
 /CONTACT: Gerry McDonald, vice president-finance of I.S.G. Technologies, 416-672-2100/
 (ISGTF) CO: I.S.G. Technologies Inc. ST: Ontario IN: CPR SU: OFR SM -- NY079 -- 8475 03/16/92 16:53 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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