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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported) April 17, 2001
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INTEGRAL VISION, INC.
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(exact name of registrant as specified in its charter)
MICHIGAN 0-12728 38-2191935
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
38700 GRAND RIVER AVE., FARMINGTON HILLS, MICHIGAN 48335
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (248) 471-2660
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INTEGRAL VISION, INC.
FORM 8-K
Item 5. Other Events
On April 17, 2001, Integral Vision issued the following press release announcing
the receipt of a Nasdaq Staff Determination indicating that the Company fails to
comply with the minimum bid price and market value of public float requirements
for continued listing set forth in Nasdaq's Marketplace Rules 4450(a)(5) and
4450(a)(2), and that its securities are, therefore, subject to delisting from
The Nasdaq National Market on April 18, 2001.
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FOR IMMEDIATE RELEASE
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CONTACT: CHARLES J. DRAKE
E-MAIL: CDRAKE@IV-USA.COM
Telephone: 248/471-2660
Facsimile: 248/615-2971
INTEGRAL VISION RECEIVES NASDAQ DELISTING DETERMINATION
FARMINGTON HILLS, MI (APRIL 17, 2001) - INTEGRAL VISION, INC.
(Nasdaq/NMS-INVI) today announced that it received a Nasdaq Staff Determination
on April 11, 2001 indicating that the Company fails to comply with the minimum
bid price and market value of public float requirements for continued listing
set forth in Nasdaq's Marketplace Rules 4450(a)(5) and 4450(a)(2), and that its
securities are, therefore, subject to delisting from The Nasdaq National Market
on April 18, 2001.
The Company has requested a hearing before a Nasdaq Listing
Qualifications Panel to review the Staff Determination. There can be no
assurance that the Panel will grant the Company's request for continued listing.
In the event the Company is unable to obtain continued listing on the Nasdaq
National Market or the Nasdaq SmallCap Market, the Company believes that its
stock will be eligible for quotation on the OTC Bulletin Board.
Integral Vision, Inc., an ISO 9001 registered firm, offers two machine
vision-based inspection systems to the industrial manufacturer. Vision systems
are used to supplement human inspection or provide quality assurance when
production rates exceed human capability. More information can be found at our
Website: www.iv-usa.com.
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements made pursuant to
the safe harbor provisions of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. Such statements are based on
management's current expectations and are subject to a number of factors and
uncertainties which could cause actual results to differ materially from those
described in the forward-looking statements. Such factors and uncertainties
include, but are not limited to: competitive conditions in the Company's markets
and the effect of competitive products and pricing; technological development by
the Company, its customers and its competition; the Company's available cash and
access to debt and equity financing; and general economic conditions and
conditions in the specific industries in which the company has significant
customers As a result, the Company's results may fluctuate. Additional
information concerning risk factors that could cause actual results to differ
materially from those projected in the forward-looking statements are contained
in the Company's filings with the Securities and Exchange Commission. These
forward-looking statements represent the Company's best estimates as of the date
of this press release. The Company assumes no obligation to update such
estimates except as required by the rules and regulations of the Securities and
Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTEGRAL VISION, INC.
(Registrant)
DATE: April 18, 2001 By: /S/ VINCENT SHUNSKY
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Vincent Shunsky,
Treasurer and Director
(Acting Chief Financial Officer)