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Rimage Corp. (RIMG) Provides 3rd Quarter Guidance

Rimage is in the business of producing and marketing equipment that records and prints CDs, DVDs and Blu-ray discs. In business for more than 30 years, Rimage has created robust devices that are able to reliably output high volumes of discs daily. Uses for discs are pervasive, including storage, dissemination of training materials, and archiving data, university class materials, marketing materials, medical records, video and music.

In an announcement on Wednesday, July 23, 2008, Rimage President Bernard Aldrich stated sales were down from last year same quarter due to the slow economy, but expected a boost 3rd quarter from European sales. He noted three positive opportunity areas:

1. Optimism by customers about their optical technology
2. Strengthening European operation
3. Penetration of large video production market

Aldrich also noted some cost reduction measures and emphasis on continuous improvement in their technology to ensure the company remains the leader in the industry. Rimage is currently trading around $16.59 with a 52-week range of $12.01 to $31.94. Of two analysts following the stock, both suggest a strong buy. Analysts also target the stock price at $20.00.

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