EX-99
4
ipix8k021405ex991.txt
PRESS RELEASE
EXHIBIT 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
February 17, 2005
IPIX Corporation
IPIX Media Contact:
Christine Keck
(703) 287-7811
ckeck@sheahedges.com
AdMission Media Contact:
Tara Thomas
(925) 242-4021
Tara.Thomas@admissioncorp.com
IPIX Corporation Completes Sale of AdMission Business Unit in
Continued Streamlining of Core Business Objectives
VIENNA, Va., February 17, 2005--IPIX Corporation (NASDAQ: IPIX), a premium
supplier of visual intelligence technologies, announced today the completion of
the sale of its AdMission business unit to AdMission Corporation, a privately
held venture capital-funded and employee-owned company. The sale, which was
previously announced by IPIX on January 11, 2005, is part of IPIX's strategic
plan to continue to streamline its core business objectives to provide
high-quality, high-resolution 360-degree surveillance technologies for critical
government and commercial applications. Under the terms of the sale, AdMission
Corporation acquired substantially all of the assets of the IPIX AdMission
business unit in exchange for 1,035,000 shares of the Series A Convertible
Preferred Stock of AdMission and a warrant to purchase 200,000 shares of the
Common Stock of AdMission. Additionally, AdMission Corporation assumed certain
liabilities associated with the AdMission Business Unit. IPIX has a seat on the
board of directors of AdMission Corporation.
About IPIX Corporation
IPIX Corporation is a premium supplier of visual intelligence technologies for
critical government and commercial security applications. IPIX patented
360-degree surveillance technology provides complete and continuous situational
awareness, allowing users to see an entire 360-degree field of view
simultaneously with no moving camera parts. Users can navigate within a still,
live or recorded scene in all directions using digital pan-tilt-zoom.
www.ipix.com

EX - 99 4 ipix8k021405ex991 . txt PRESS RELEASE EXHIBIT 99 . 1 NEWS RELEASE FOR IMMEDIATE RELEASE February 17 , 2005 IPIX Corporation IPIX Media Contact : Christine Keck ( 703 ) 287 - 7811 ckeck@sheahedges.com AdMission Media Contact : Tara Thomas ( 925 ) 242 - 4021 Tara.Thomas@admissioncorp.com IPIX Corporation Completes Sale of AdMission Business Unit in Continued Streamlining of Core Business Objectives VIENNA , Va . , February 17 , 2005 -- IPIX Corporation ( NASDAQ : IPIX ) , a premium supplier of visual intelligence technologies , announced today the completion of the sale of its AdMission business unit to AdMission Corporation , a privately held venture capital - funded and employee - owned company . The sale , which was previously announced by IPIX on January 11 , 2005 , is part of IPIX 's strategic plan to continue to streamline its core business objectives to provide high - quality , high - resolution 360 - degree surveillance technologies for critical government and commercial applications . Under the terms of the sale , AdMission Corporation acquired substantially all of the assets of the IPIX AdMission business unit in exchange for 1,035,000 shares of the Series A Convertible Preferred Stock of AdMission and a warrant to purchase 200,000 shares of the Common Stock of AdMission . Additionally , AdMission Corporation assumed certain liabilities associated with the AdMission Business Unit . IPIX has a seat on the board of directors of AdMission Corporation . About IPIX Corporation IPIX Corporation is a premium supplier of visual intelligence technologies for critical government and commercial security applications . IPIX patented 360 - degree surveillance technology provides complete and continuous situational awareness , allowing users to see an entire 360 - degree field of view simultaneously with no moving camera parts . Users can navigate within a still , live or recorded scene in all directions using digital pan - tilt - zoom . www.ipix.com
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