DGAP-Adhoc: Advanced Vision Technology Ltd: Revenues for

Advanced Vision Technology Ltd. / Half Year Results

27.08.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Revenues for the first six month 2008 up 113.7% to US$ 34.0 million

Advanced Vision Technology Ltd., the worlds leading supplier of automatic
optical inspection and quality assurance systems for the printing and
packaging industry, announces consolidated revenues for the first six month
2008 of US$ 34.0 million representing an increase of 113.7% over the same
period in 2007. Revenues in the second quarter of 2008 totalled US$ 16.9
million, an increase of 109.4% compared to Q2 2007 revenues.

Graphics Microsystems, Inc. (GMI), acquired by AVT in October 2007,
contributed US$ 8.2 million to Q2 revenues. AVT product line revenues in Q2
2008 amounted to US$ 8.7 million representing an increase of 8.3% of the
revenues in Q2 of 2007. Service revenues in the first six months of 2008
totalled US$ 5.0 million (out of the total revenues of US$ 34 million) 328%
higher than in the first six months of 2007.

During the first six months of 2008 order booking totaled US$ 32.3 million
representing an increase of 71.8% over H1 2007 order booking of $18.8
million

Operating income in the first six months of 2008 decreased by 20.6% from
US$ 2.5 million in 2007 to US$ 2.0 million in the respective period of
2008. The decrease is attributable to the amortization of GMI´s intangibles
and integration costs. Proforma operating income (excluding amortization of
GMIs intangible assets) increased in the first half year of 2008 to US$3.4
million, 35.9% higher than in H1 2007.

Net income for the first half of 2008 was US$ 1.7 million compared with
US$3.5 million for H1 2007. The results of H1 2008 include amortization
expense of intangible assets of $1.4 million.

Hod-Hasharon, Israel, 27 August 2008
DGAP 27.08.2008 
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Language:     English
Issuer:       Advanced Vision Technology Ltd.
              Hanagar 5
              45241 Neve Ne'eman, Hod Hasharon
              Israel
Phone:        +972 9 761-4444
Fax:          +972 9 761-4555
E-mail:       IR@avt-inc.com
Internet:     www.avt-inc.com
ISIN:         IL0010837248
WKN:          931340
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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DGAP-Adhoc: Advanced Vision Technology Ltd: Revenues for the first six month 2008 up 113.7% to US$ 34.0 million
