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New Image Industries Inc

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BUSINESS
September 20, 1994
New Image Industries Inc., a Canoga Park maker of dental intraoral cameras, has agreed to extend its agreement in principle to be acquired by Dentsply International Inc. of Des Plaines, Ill., to Oct. 3. New Image said the move is to give Dentsply time to complete its due diligence review of New Image. Dentsply, a supplier of dental, X-ray and mammography products, last month agreed to purchase New Image for $16.38 a share, or a total of $91.6 million.
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BUSINESS
April 4, 1995
New Image Industries, a Canoga Park manufacturer of dental imaging equipment, said it has signed a contract with a division of Loral Corp. to develop a digital sensor that could reduce patient exposure to X-rays. New Image said it has joined forces with Loral Fairchild Imaging Sensors, a division of defense electronics manufacturer Loral Corp., to produce the filmless X-ray system. The product will be marketed to dentists in general practice.
BUSINESS
December 20, 1994
New Image Industries Inc., a Canoga Park maker of intraoral cameras and other dental imaging devices, said it expects to break even in its fiscal second quarter ended Dec. 31 on revenue of about $8 million. In the same quarter a year earlier, New Image earned $1.42 million on $10.9 million in revenue.
BUSINESS
August 3, 1993
New Image Industries Inc., a Canoga Park dental-equipment supplier, said it received its first order from Japan for 100 of its AcuCam intraoral cameras worth $413,800. The cameras, which permit dental patients to see problems with their teeth and gums on a video monitor, will be marketed in Japan by GC Dental. The latter is the largest and oldest Japanese distributor of dental products, New Image said.
BUSINESS
April 21, 1992
New Image Industries Inc., in a major rebound, reported a first-quarter profit of $600,000, compared with a year-earlier loss of $2.44 million. In the three months that ended March 31, Canoga Park-based New Image said the latest earnings came on a surge in its revenue, to $4.55 million from $1.82 million a year earlier. New Image makes computerized equipment that enables dentists, architects and others to show customers "before" and "after" images of their services.
BUSINESS
November 19, 1991
New Image Industries Inc. in Woodland Hills reported a fiscal first-quarter loss of $812,000, about half the $1.62-million loss it posted a year earlier. The company makes computerized equipment that enables dentists, landscapers, beauty salons and others to show their clients "before" and "after" images of their work. New Image said sales of its dental products and cost-cutting efforts helped narrow its losses in the latest quarter. New Image's revenue for the three months that ended Sept.
BUSINESS
February 2, 1993
New Image Industries Inc. said the previously announced spinoff of its Styles On Video Inc. unit will occur March 10. That's when the Canoga Park-based company plans to distribute all of the stock in Styles On Video to New Image shareholders of record Feb. 8. They will get one share of Styles On Video for every five New Image shares owned. New Image mainly markets imaging systems and cameras that enable dentists to provide "before" and "after" images of their services.
BUSINESS
January 12, 1993
New Image Industries Inc. has agreed to acquire nearly all of the assets of Aerospace Optics, a privately held concern that makes New Image's main product under contract. Terms of the deal were not disclosed. New Image, based in Canoga Park, makes computerized imaging and video-camera equipment that enables dentists, architects and others to show clients "before" and "after" images of their services. New Image's main product is the AcuCam camera used by dentists.
BUSINESS
January 17, 1995
New Image Industries Inc., a maker of dental intraoral cameras and related imaging systems, reported a steep slide in its fiscal second-quarter earnings on lower revenue. The company blamed the profit and revenue declines on price cutting on its older imaging equipment to reduce inventory. In the three months ended Dec. 31, New Image earned $38,000, down 97% from its $1.42 million profit a year earlier. Its revenue fell 20%, to $8.71 million from $10.9 million.
BUSINESS
December 20, 1994
New Image Industries Inc., a Canoga Park maker of intraoral cameras and other dental imaging devices, said it expects to break even in its fiscal second quarter ended Dec. 31 on revenue of about $8 million. In the same quarter a year earlier, New Image earned $1.42 million on $10.9 million in revenue.
BUSINESS
October 25, 1994
New Image Industries Inc., a Canoga Park maker of dental cameras and imaging systems, said earnings for its first quarter, which ended Sept. 30, were $148,000, down 78% from $677,000 in the same period last year. The drop came on a 27% increase in revenue to $6.97 million from $5.47 million the previous year.
BUSINESS
October 4, 1994
Shares of New Image Industries Inc., a Canoga Park-based maker of dental imaging devices, tumbled sharply last week after Dentsply International Inc. backed out of a deal to acquire New Image. Roger Leddington, chief executive of New Image, said the deal unraveled over "differences of opinion on certain issues," including New Image's chances for successfully defending a patent infringement lawsuit. Leddington said New Image is being sued by High Tech Medical Instrumentation Inc. of San Carlos.
BUSINESS
September 20, 1994
New Image Industries Inc., a Canoga Park maker of dental intraoral cameras, has agreed to extend its agreement in principle to be acquired by Dentsply International Inc. of Des Plaines, Ill., to Oct. 3. New Image said the move is to give Dentsply time to complete its due diligence review of New Image. Dentsply, a supplier of dental, X-ray and mammography products, last month agreed to purchase New Image for $16.38 a share, or a total of $91.6 million.
BUSINESS
August 30, 1994
New Image Industries Inc., the Canoga Park-based developer of dental cameras, reported a loss of $1.61 million for its fourth fiscal quarter ended June 30, in contrast to earnings of $1.45 million in the same period a year earlier. Revenues for the quarter were $8.46 million, up 5% from $8.05 million the year before. For its fiscal year, New Image reported a loss of $347,000, in contrast to earnings of $5.61 million in fiscal 1994. The loss was on revenue of $31.6 million, up 3% from $30.
BUSINESS
January 25, 1994
New Image Industries Inc., a Canoga Park company that sells intraoral cameras and dental imaging equipment, reported that its fiscal second-quarter earnings were essentially flat at $1.42 million, compared to $1.44 million in net income a year before. The company's revenue for the three months ended Dec. 31 rose 36%, to $10.9 million from $8.03 million. It said the results reflected growing demand from dentists for its products.
BUSINESS
August 2, 1994
New Image Industries Inc., a Canoga Park-based maker of dental cameras, announced it will be acquired by Dentsply International Inc., a Des Plaines, Ill., company that makes a range of dental products. Dentsply will pay $16.38 a share for New Industries in a deal valued at $91.6 million. The acquisition, subject to the approval of the stockholders of both companies and their boards of directors, is expected to close in the fourth quarter of 1994.
BUSINESS
June 14, 1994
A Bay Area federal court, granting a preliminary injunction in a patent-infringement lawsuit, has ordered New Image Industries Inc. of Canoga Park to stop making, using or selling its dental intra-oral camera. The court's order came after High Tech Medical Instrumentation Inc. of Santa Rosa filed a lawsuit in November contending that certain features of New Image's AcuCam camera infringes a patent held by High Tech. The AcuCam is a pen-sized camera that is one of New Image's main products.
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