| CONTACTS: |
César García, President and Chief Executive Officer |
|
818-709-1244 Ext. 123 or
|
|
Ron Stabiner, The Wall Street Group, Inc. |
|
212-888-4848 |
CHATSWORTH, Calif., May 30, 2006
— IRIS International, Inc. (NASDAQ: IRIS)
a manufacturer and marketer of automated IVD urinalysis systems and medical devices used in hospitals and clinical reference laboratories worldwide, today announced
that President and Chief Executive Officer César García and Chief Financial Officer Donald C. Mueller will make a presentation at the Craig-Hallum Institutional
Investor Conference at the Radisson Plaza Hotel in Minneapolis, Minn., at 3:30 p.m. Central time on Thursday, June 8, 2006.
"Craig-Hallum specializes in serving the needs of growing companies and institutional investors and we are pleased to have been
invited to participate in this conference," Mr. García stated. "In addition to the presentation, one-on-one meetings being arranged at the conference
will give us an opportunity to go into more detail and provide answers at length to institutional investors who are interested in learning about our Company."
More than 50 companies from a variety of industries, including medical device manufacturers, will participate in the conference
sponsored by Craig-Hallum, an institutional equity and investment-banking firm. During the conference, executives from each company will participate in private
one-on-one sessions with select institutional investors. The conference is only for clients of Craig-Hallum and the sessions will not be webcast.
The Company
IRIS International, Inc. (http://www.proiris.com) is a leader in automated
urinalysis technology with systems in major medical institutions throughout the world. The Company's newest generation iQ®200 Automated Urine
Microscopy Analyzer, utilizing image flow cytometry, patented flow microscope technology and neural network-based particle recognition, achieves a significant
reduction in the cost and time-consuming steps involved in manual microscopic analysis. Iris Molecular Diagnostics is a development stage subsidiary with platform
technologies for ultra-sensitive detection for high value applications in microbiology, oncology and infectious diseases. The Company's Sample Processing
business unit (formerly the StatSpin® subsidiary) (www.statspin.com), based in Westwood, Mass.
manufactures innovative centrifuges and blood analysis products. Advanced Digital Imaging Research, LLC (ADIR) (www.adires.com),
based near Houston, Texas, is the Company's imaging research and development subsidiary.
SAFE HARBOR PROVISION
This news release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not limited to, the Company's views on future commercial revenues, market
growth, capital requirements, new product introductions, and are generally identified by phrases such as "thinks," "anticipates,"
"believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking
statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results
to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information
currently available to, management, including management's own knowledge and assessment of the Company's industry, competition and
capital requirements. Other factors and uncertainties that could affect the Company's forward-looking statements include, among other things,
the following: the acceptance by customers of our new iQ®200 product platform, our substantial expansion of international sales and our reliance on
key suppliers, the potential need for changes in long-term strategy in response to future developments; future advances in diagnostic testing methods
and procedures, as well as potential changes in government regulations and healthcare policies, both of which could adversely affect the economics
of the diagnostic testing procedures automated by the Company's products; rapid technological change in the microelectronics and software industries;
and increasing competition from imaging and non-imaging based in-vitro diagnostic products. The Company refers interested persons to its most recent
Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements.
The Company assumes no duty to update its forward-looking statements.