[NTIACNews]Industry News: InVision begins internal probe into foreign sales

[Chris R. Coughlin]

Hello All,

InVision Technologies (stock symbol INVN) announced late last week that 
it was beginning an internal probe into some of the practices of some of 
its foreign distributors.  Specifically, allegations have emerged that 
some of its distributors are in violation of the Foreign Corrupt 
Practices Act by making improper payments in foreign countries.  The 
announcement led to halting trade in InVision shares on Friday.

Both the Justice Department and the SEC are reportedly considering their 
own investigations.  Due to GE's planned buyout of InVision, the company 
is already facing two probes:  one investigating unusual call activity 
prior to the announced buyout, the other a review of the merger by the 
FTC into InVision's NDT business.  Earlier this year, the call activity 
probe resulted in the SEC filing a lawsuit alleging unknown shareholders 
engaged in insider trading and a federal court froze $2 million in assets.

As of this writing, shares of InVision are down more than $6 on the 
real-time market to $43.61/share.  GE shares are down $0.40 to $32.85/share.

Regards,
Chris

-- 
Chris Coughlin / NTIAC / 415 Crystal Creek Drive / Austin TX 78746
Phone (800)684-2239 or (512)263-2101x227 / FAX (512)263-3530
Email ccoughlin@ntiac.com / Web http://www.ntiac.com