Simultaneously, AFP and Dent-X have terminated its prior dealer relationship with Genexa Medical, Inc., Toronto, Ontario. Genexa was a defendant in a complaint brought by AFP, in US Federal Court in May 2008, concerning their breach of contract. AFP has submitted to the court, Genexa's own statement that Genexa was dissolved by a unanimous vote of its shareholders at the end of 2008 and is in the process of liquidation. Therefore, the Company is expecting the Court to shortly issue a default judgment against Genexa. Dent-X and GPS can now focus on revitalizing our dealer network in Canada. AFP will promote its NewTom, Cone Beam 3D (CB3D) dental scanner in Canada in a new distribution program to be announced shortly.
The remarks contained in this press release and presented elsewhere by management from time to time contain forward-looking statements, which involve risks and uncertainties, including statements regarding the Company's plans, objectives, expectations and intentions. The Company's actual results may differ significantly from the results discussed in this press release or in other forward-looking statements presented by management. Among the factors that could cause actual results to differ materially include the failure of revenue on new products to develop as estimated, regulatory delays, loss of existing customers, the Company's continued default in its senior secured borrowing facility, the Company's inability to meet increasing demand for its new products, general downward trends in the Company's industry and other risk factors as described in the Company's filings with the Securities and Exchange Commission.
SOURCE: AFP Imaging Corporation
AFP Imaging Corporation Donald Rabinovitch, 914-592-6100 President or GPS Joe Sakaduski, 610-388-2560

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