ContextVision presents Q1 2009 results

Jan Erik Hedborg, the company’s CEO commented: Sales for the first quarter follows a well established historical pattern by being relatively low in the beginning of the year, but it was also significantly affected by the lower demand in the health care market in general and furthermore that our existing ultrasound solutions are reaching a more mature level in the product life cycle.

Despite a decrease in sales compared to last year, we continue to invest heavily in our core business to ensure that ContextVision will maintain its industry leading position within digital image enhancement also in the future. We are very confident that we are working on some very exciting product opportunities that will allow us to execute against our ambitious growth targets in our business plan. We currently make a conscious, strategic investment in our human capital and product development efforts.

We work very hard and diligently towards delivering on our goal of establishing a significantly higher revenue base in the years to come. There are currently a lot of positive activities ongoing in the Company and despite the constraints in the world economy I am confident about continued success and long-term growth for ContextVision, and I look forward to keep the market informed of the progress the recently launched products is expected to enjoy.

A presentation will be held as a webcast at 09.00 hrs April 23. Please follow the link:
http://www.cik.no/contextvision/090423/090423_contextvision.php
For inquires please contact CEO Jan Erik Hedborg, +46 (0)8 750 35 59