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NVIEW CORPORATION BENEFITS FROM REVOCATION OF ANTIDUMPING TARIFF ON ACTIVE-MATRIX LIQUID CRYSTAL DISPLAYS

 NEWPORT NEWS, Va., June 23 /PRNewswire/ -- nVIEW Corporation (NASDAQ-NMS: NVUE), applauds the recent announcement by the Department of Commerce that it has revoked a 1991 tariff on the importation of active-matrix liquid crystal displays (AMLCDs). William M. Donaldson, nVIEW president and chief executive officer, in commenting on the Department of Commerce's action, stated: "We are delighted that the burden of this tariff has finally been removed. It has been a long and difficult struggle requiring close cooperation between various levels of government and the business community. We are particularly grateful to Herbert H. Bateman, Congressman from Virginia (R), and his staff for their outstanding support in helping to bring our business back to Virginia." Donaldson added as a cautionary note, "Although the revocation is scheduled to take effect next week, it is our understanding that there is a 30-day period in which the decision may be appealed."
 nVIEW is a leading designer and manufacturer of projection products which utilize liquid crystal display technology to create and project electronic images from computer and video sources for group viewing. The importation of the 62.7 percent tariff on the impression of AMLCDs into the United States in August 1991, forced nVIEW and other manufacturers to shift production of products incorporating AMLCDs to locations outside the United States. In nVIEW's case, the production of its AMLCD projection products was moved to Toronto.
 The company intends to phase out its Canadian operation over the next two months. Management believes that at current levels of production, the manufacture of all AMLCD projection products can be accomplished at nVIEW's existing Newport News plant with little or no addition to staff or facility. As a result, the additional costs associated with operating the production activity in Canada will be eliminated, which for the remainder of 1993 are budgeted to be approximately $280,000. Additional benefits should result from improved operating efficiency, more effective quality control and faster conversion of raw materials to finished product.
 -0- 6/23/93
 /CONTACT: James A. Kirkpatrick, corporate communications, nVIEW, 804-873-1354/
 (NVUE)


CO: nVIEW Corporation ST: Virginia IN: CPR SU:

KD-IH -- DC019 -- 5152 06/23/93 16:32 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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