Released on = July 20, 2007, 2:39 am

Press Release Author = Panametrics

Industry = Software

Press Release Summary = Panametrics sold all worldwide office to General Electric
who then sell straight away to Olympus.

Press Release Body = Panametrics sold all worldwide office to General Electric who
then sell straight away to Olympus. Mr Carnevele the President and Mr Deacon the
Technical Director said that this was a real surprise but we can understand that
General Electric want our programming skills for the NDT Division. During our
negotiation Olympus bought GE so we become Olympus NDT with a fantastic future. We
see the development of the software for the NDT machines as critical for the future
growth.

Web Site = http://www.panametrics.com

Contact Details = Panametrics
Cheam Surrey