AVT Reports Record Revenues for 2007

HOD-HASHARON, Israel—Advanced Vision Technology Ltd. (AVT), a leading provider of automatic optical inspection, quality assurance and closed loop color control systems for the printing industry, completed a successful 2007 with 40 percent increase in revenues to USD 39.9 million compared with USD 28.5 million in 2006. The sharp increase in revenues is partially attributed to the consolidation of GMI’s results in Q4 of 2007. GMI was acquired in October 2007 for USD 33.5 million and contributed USD 7.5 million to AVT’s Q4 revenues. AVT’s revenues for the year (excluding GMI) were up 13.7 percent over 2006 to USD 32.4 million. The increase in revenues is attributed to the good market conditions, allowing the company to expand its activities in the labels and packaging markets.