ROCHESTER, N.Y., Oct. 24, 2007 (PRIME NEWSWIRE) -- ImageXpres Corp. (Pink Sheets:IMJX) today announced that sales revenues and new orders received for its digital products and services reached a record high for the three month period of July, August and September, and the company forecasts strong demand for its digital systems solutions through the end of 2007, followed by explosive sales growth in 2008.
John Zankowski, ImageXpres President and CEO, states, "The Company achieved a record sales of $625,000 for the third quarter ending September 30, 2007, attributed predominantly to sales of its LitePix Digital Signage product line. With increasing numbers of LitePix Digital Signs being sold and installed in commercial locations, we are now beginning to realize growing revenues from associated digital advertising services. As the company continues to add distributors and sales reps for its successful LitePix systems, new orders are increasing at a much faster rate, and the Company now has a backlog of new orders for its LitePix Digital Signage product line."
Mr. Zankowski adds, "The Company is increasing its efforts to expand the number of its key distributors and sales representatives in a controlled but accelerated manner. In particular, the acceptance of ImageXpres' digital advertising solutions has warranted the hiring of dedicated advertising sales representatives in areas such as Atlanta, GA, Orlando, FL, and New York. As I stated earlier in the year, there is pent-up demand for ImageXpres' LitePix Digital Signage solutions, and that demand is now translating into hundreds of unit advertising sales contracts each month. As our installed base of digital signs grows, ImageXpres' recurring monthly services and product fulfillment revenues associated with these systems will grow significantly."
Mr. Zankowski points out, "ImageXpres is confident that its business model is proving to be successful, for both the Company and its channel partners, and is focusing its marketing efforts on expanding its distributor partnership strategy on a national basis. We are focused on signing up companies who share our vision for developing a very strong digital systems solutions channel, one that can achieve both hardware sales and sustained monthly advertising / digital content revenues. ImageXpres expects to make several significant product technology and marketing announcements in this area in the coming weeks."
About ImageXpres Corporation (Pink Sheets:IMJX) -- ImageXpres is a digital imaging and printing company, headquartered in Rochester, NY. ImageXpres develops imaging systems solutions for commercial printing, consumer photo, health and business communications market segments. ImageXpres is currently manufacturing and marketing a family of self-service multimedia kiosks, iPrint Digital Photo Kiosks, and LitePix Digital Displays, digital signs that provide unique advertising benefits for business owners. The Company's website is www.imagexpres.com.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.