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Lake Image Systems Announces Successful 2008

Tuesday, January 13, 2009

Press release from the issuing company

Henrietta, NY; (January 12, 2009) - Lake Image Systems, the worldwide leader in vision control and verification systems, has announced that 2008 performance exceeded all forecasts.  Lake Image Systems 2008 sales exceeded $12 million, up 30 percent over 2007 sales.  Profits for 2008 were approximately $1 million, double those in 2007.
Lake Image Systems Managing Director Martin Keats, commenting on the 2008 results, said: “The continued growth of Lake Image Systems during tough economic times affirms our product development and geographic expansion strategies.  Our focus on long term product development and expansion have resulted in a core technology which enables our clients to increase production while permitting Lake Image Systems to reduce overhead and an develop an infrastructure to support worldwide market solutions.  Lake Image Systems continues to develop industry leading solutions, in part because our product decisions are not based on the welfare of shareholders but rather on optimizing clients’ businesses.”  Keats added:  While many Lake Image Systems competitors are downsizing, we continue our global expansion with profitable results.  Our focus on producing solutions which benefit clients in the current economy is expected to yield similar results in 2009.”




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