Virtek Vision Completes Sale of iLS Division to Metris

    WATERLOO, ON, Aug. 16 /CNW/ - Virtek Vision International Inc.
(TSX: VRK), a leading developer and provider of high-value industrial laser
solutions, today announced that it has completed the previously announced sale
of the assets of its Intelligent Laser Systems (iLS) group to Metris (MTRA:
Euronext Brussels) for C$6.2 million in cash.
    "This sale enables us to pursue our stated strategy to focus on Virtek's
Marking & Engraving business, which we believe offers us the best
opportunities for consistent growth and profitability. Marking & Engraving
sales grew more than 28 percent in fiscal 2007 and 44 percent in the first
quarter of our current fiscal year," said Bob Sandness, President and Chief
Executive Officer.
    "We remain confident that this transaction will be positive for both
Virtek and Metris. It's a logical evolution of the iLS business unit which has
been an integrator for Metris' iGPS and Laser Radar technology for the past
year. Our remaining Imaging and Templating business, which includes projection
lasers for the Aerospace industry, continues to be integral to Virtek's
ongoing success," he said.
    iLS contributed less than 10 percent of Virtek's total sales of
$63.8 million for the fiscal year ended January 31, 2007.

    Forward-looking Statements

    This news release may contain information and statements of a
forward-looking nature concerning the future performance of the company. Any
such forward-looking statements are based on current suppositions and
expectations that are subject to significant risks and uncertainties. These
include, but are not limited to, the effects of general economic conditions on
the customers and markets that we serve, the impact of price pressures exerted
by competitors, changes that may take place in our costs and expenditures, the
results of our research and development programs, and other factors discussed
in our Management Discussion and Analysis and other regulatory filings. Virtek
assumes no obligation to update the forward-looking statements or to update
the reasons why actual results could differ from those reflected in the
forward-looking statements.

    About Metris

    Metris designs, develops, and markets a unique range of 3D hardware and
software inspection systems for the automotive and aerospace sectors. The
company offers world-class metrology solutions for both the design and
manufacturing communities. The company's comprehensive product family covers
the full range of measurement volumes required by customers, in both fixed and
portable configurations and with optical and touch sensors. Metris
Headquarters are in Leuven (Belgium) with additional production and
development centers in the UK (Derby, London); Italy; US (California, Detroit,
Virginia); China; Russia; India; and Bulgaria. Metris provides a worldwide
network of sales and support offices located in Europe, Asia, and the United
States. More information on Metris can be found on

    About Virtek

    Virtek Vision International Inc. is a leading developer and provider of
high-value industrial laser solutions, providing marking & engraving products,
templating, and inspection products, and systems integration solutions to
customers around the world. Virtek is a full-service provider, offering
research and development, manufacturing, integration, training, after-sales
support, and installation for customers in the prefabricated construction,
transportation, metalworking, tool and die, and mold-making industries
worldwide. Based in Waterloo, Ontario, Canada, Virtek also has offices in
Boston, Massachusetts, USA; Ludenscheid and Nurnberg, Germany; and Busto
Arsizio, Italy. Please visit for more information.

For further information:

For further information: Peter Monsberger, Vice-President, Finance and
CFO, (519) 746-7190, (519) 746-3383 (FAX), Email:;
or Bob Sandness, President and Chief Executive Officer, (519) 746-7190, (519)
746-3383 (FAX), Email:; or Investor and Media
Relations: Richard Wertheim, Managing Partner, Wertheim + Company Inc., (416)
594-1600 (Bus.), (416) 518-8479 (Cell), Email:

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