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VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL ROUNDUP

IRIS Predicts Loss Despite Expected $6.3-Million Sales

March 11, 1997

International Remote Imaging Systems Inc., a Chatsworth maker of medical testing equipment, said that it expects to post a loss in the fourth quarter due to restructuring charges, although sales are expected to hit a record fourth-quarter high of about $6.3 million.

The restructuring was undertaken to improve IRIS' cash flow in order to meet debt disbursement requirements, the company said.

The results will be released later this month.

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