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ISG TECHNOLOGIES ANNOUNCES THIRD QUARTER RESULTS

 MISSISSAUGA, Ontario, April 27 /PRNewswire/ -- ISG TECHNOLOGIES, INC. (ISG) (NASDAQ: ISGTF) today announced operating results for the third quarter ended March 31, 1993: (dollars in thousands)
 1993 1992
 Q-3 9 Months Q-3 9 Months
 Revenue $4,355 $11,459 $4,067 $11,401
 Profit (loss) ($ 326) ($ 1,029) ($ 246) ($ 895)
 Profit (loss) per share ($0.03) ($0.09) ($0.02) ($0.12)
 Late last month ISG announced it has entered into an agreement with Elekta Instrument AB (Elekta) of Sweden. Under the terms of this agreement, Elekta will distribute ISG's Viewing Wand product worldwide, except for Japan. Elekta is displaying the ISG Viewing Wand at the American Association of Neurological Surgeons (AANS) tradeshow in Boston, now in session.
 ISG is completing the clinical trials using its Viewing Wand, which the FDA (the U.S. Food and Drug Administration) had requested last December. The company will refile its submission by the end of May, and expects the FDA's response later this summer.
 ISG Technologies, Inc., a Canadian company, designs, manufactures, markets, and supports visual data processing technology for the medical imaging market. The technology consists of proprietary software and parallel-processing accelerator hardware. Radiologists and surgeons use these systems to display, manipulate, and analyze two- and three- dimensional images of actual patient anatomy. The company won the 1991 Canada Export Award, and the 1992 Canada Award for Business Excellence in Innovation. ISG's common shares are listed on the Toronto Stock Exchange (symbol: ISOT), and New York's NASDAQ (symbol: ISGTF).
 -0- 04/27/93
 /CONTACT: Gerry McDonald, vice-president - finance and administration of ISG Technologies Inc., 416-672-2100/
 (ISGTF)


CO: ISG Technologies, Inc. ST: Ontario IN: CPR SU: ERN

AH -- NY126 -- 1679 04/27/93 17:56 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
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