FILED PURSUANT TO RULE 424(b)(3) AND (c)
FILE NUMBER 333-43684
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED SEPTEMBER 27, 2000
3,225,808 shares
IMAGING TECHNOLOGIES CORPORATION
common stock, par value $0.005 per share
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This prospectus supplement supplements our prospectus dated September
27, 2000 relating to the resale by the selling stockholder of up to 38,000,000
shares of our common stock, par value $0.005 per share, which may be offered and
sold from time to time by the selling stockholder. This prospectus supplement
should be read in conjunction with the original prospectus, and this prospectus
supplement is qualified by reference to the original prospectus except to the
extent that the information supersedes the information contained in the original
prospectus.
PLAN OF DISTRIBUTION. Pursuant to a put purchase notice given in
accordance with the Private Equity Line of Credit Agreement between the selling
stockholder and Imaging Technologies Corporation, the selling stockholder has
purchased 3,225,808 shares of Imaging Technologies Corporation's common stock at
an average purchase price per share of $.232499. The total purchase price for
all of these shares is $750,000.
Imaging Technologies Corporation will receive proceeds from the sale of
these shares of $750,000. These shares are listed on the OTC Bulletin Board
under the symbol ITEC. The offering price of these shares was established with
reference to prices of Imaging Technologies Corporation's common stock on the
OTC Bulletin Board for the period beginning September 26, 2000 and ending
October 2, 2000.
If the selling stockholder acquires these shares and resells them
shortly before or after acquiring them, it may be considered to be an
underwriter within the meaning of the Securities Act of 1933. Imaging
Technologies Corporation has no arrangement or understanding, formal or
informal, relating to a distribution of these shares. Any resale of these shares
by the selling stockholder would be solely at its election and would not be made
on behalf of or at the request of Imaging Technologies Corporation. Imaging
Technologies Corporation does not have any specific knowledge of the intentions,
if any, of the selling stockholder to resell and distribute these shares.
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FILED PURSUANT TO RULE 424(b)(3) AND (c)
FILE NUMBER 333-43684
USE OF PROCEEDS. The net proceeds to Imaging Technologies Corporation
from the sale of these shares will be added to the general funds of Imaging
Technologies Corporation and may be used for general corporate purposes,
including working capital.
GENERAL. The mailing address and telephone number of the principal
executive offices of Imaging Technologies Corporation are: 15175 Innovation
Drive, San Diego, California 92128, (858) 613-1300.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these shares or determined if this
Prospectus Supplement and the accompanying Prospectus are truthful or complete.
Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is October 25, 2000.
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