EGM Statement

Image Scan Holdings PLC
14 June 2007


                                                                    14 June 2007



                            IMAGE SCAN HOLDINGS PLC
                        ('Image Scan' or the 'Company')

                                 EGM STATEMENT

The Board of Image Scan, a leader in the field of real-time 3D and 2D x-ray
imaging for the 'Homeland Security' and 'Industrial Inspection' markets,
announces that at the Company's Extraordinary General Meeting (EGM) held earlier
today, all resolutions set out in the Circular to Shareholders were duly passed.

Peter Woods, Chairman, provided the following statement:

'The Board would like to thank our Shareholders for their support in relation to 
the Placing. As stated, the funds raised will be used to further invest in 
product development to improve the Company's competitive position; expand sales, 
marketing and distribution to manage the strong pipeline of potential customers 
and secure additional orders; strengthen resources to better serve customers; 
repay loan stock; provide the necessary working capital for continued growth; 
and assess possible strategic acquisitions.

Before I address the formal business of today's meeting, I would like to take 
this opportunity to comment on behalf of the Board on both the progress made to 
date, and the positive outlook that lies ahead.

As Shareholders of Image Scan you will already be aware of the strong progress
made to date in growth of our technology, the Company's product range and high
quality blue chip customer portfolio. The Interim financial statements showed
continued improvement with turnover increased by 50% to £1.1m, gross margins
strengthened to 50% and the loss for the period down to £60,000. At the period
end, prospects for the Company were strong with the order book at £945,000. As
previously stated, since the period close we have seen new orders for our
Service Division, in respect of installed equipment in the USA, and continuing
progress on current contracts and development of our sales pipeline.

With your Board focused on driving the business into profitability, it plans to
tackle the following key areas of opportunity:

   •Quicken the pace of technology development, in order to protect and
    increase the Company's position, value and growth. Your company's strength
    lies in its advanced technology, and the Board plans to capitalise more on
    this strong marketing advantage;

   •Seek to reduce costs further, strengthen our strong market position and
    support even higher profit margins, through rationalisation of products;

   •Continue to target blue chip customers to provide further revenue and
    profit growth. The Board will also look to refine processes to improve
    efficiency and speed up responses to current and new customers;

   •Look to hasten the widening and strengthening of Image Scan's product
    offering and distribution, in order to provide a more continuous level of
    steady sales to smooth out the peaks and troughs in the sales cycle; and

   •Continue to change and strengthen the Company's internal organisation to
    support these objectives.

The key to future growth lies in the protection of the Company's working
capital. The Board will seek to now concentrate on essential long term needs, as
well as that of the immediate future; assess strategic acquisition options that
might accelerate growth and earnings; and develop and enhance Image Scan's
technology offering.

The Board remains confident about the long term future of Image Scan. It remains
focused on driving shareholder value, and intends to accelerate and further
develop opportunities already created.'


                                    --ENDS--


For further information, please contact:

Image Scan Holdings plc                                Tel: [phone]
Peter Woods, Chairman
Nicholas Fox, CEO
[e-mail]


Bishopsgate Communications Ltd                         Tel: [phone]
Dominic Barretto
Jenni Herbert


Seymour Pierce                                         Tel: [phone]
Sarah Jacobs
David Newton


About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and
commercialisation of market leading real-time 3D and 2D x-ray solutions for use
in the global industrial and security inspection markets. The company's
industrial inspection solutions include the MDXi unit and the X-Line systems.
The security portfolio includes a unique 3D baggage inspection system for
corporate and airport security and TPXi, a portable bomb and suspect package
detection system.


Current Technology Portfolio

The Company's portfolio currently comprises of the following x-ray inspection
systems: Axis-3d(R); X-Line; MDXi-400TM; TPXi-675TM; and the DEXTM x-ray vision
engine for OEM applications.


For further information on the Company, please visit: www.ish.co.uk - and for
further information on its products, please visit: www.3dx-ray.com.





                      This information is provided by RNS
            The company news service from the London Stock Exchange