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ACUVSION ANNOUNCES PRIVATE PLACEMENT AND DESIGN CONTRACT; PRODUCT TO BE SHOWN IN ANAHEIM, CALIF. ON OCT. 16

 ACUVSION ANNOUNCES PRIVATE PLACEMENT AND DESIGN CONTRACT;
 PRODUCT TO BE SHOWN IN ANAHEIM, CALIF. ON OCT. 16
 CARLSBAD, Calif., Aug. 5 /PRNewswire/ -- International AcuVision Systems Inc. (Vancouver: IAV) announces a private placement of 600,000 units at $.90 (U.S. funds) per unit. Each unit consists of one share and a two-year share purchase warrant. The proceeds of the offering will be used to purchase AcuVision 1000 units for inventory and for working capital.
 The company further announces that it has retained the industrial design firm, Crescent Design Inc. to complete the AcuVision 1000 for manufacture. The prototype will be completed by late September of 1992. The new systems will be dramatically reduced in both weight and cost, opening unlimited new market potential.
 International AcuVision Systems Inc. will be an exhibitor at the Vision Expo West in Anaheim, Calif. from Oct. 16-18. The show has approximately 11,000 attendees and is considered the most important optical show of the year.
 -0- 8/5/92
 /EDITOR'S NOTE: This news release was prepared by the board of directors on behalf of International AcuVision Systems Inc., which is solely responsible for its contents.
 The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.
 /CONTACT: Kristopher A. Thoren, president of International AcuVision Systems, 619-438-3319/
 (IAV) CO: International AcuVision Systems Inc. ST: California IN: SU: CON PDT


EH-JB -- SD003 -- 7071 08/05/92 11:48 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
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