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Prospectus Supplement Filed under Rule 424(b)(2)
Supplement to Prospectus Dated February 17, 1994
Registration No. 33-75452
NEW IMAGE INDUSTRIES, INC.
PROSPECTUS SUPPLEMENT NO. 1 DATED APRIL 3, 1996
TO
PROSPECTUS DATED FEBRUARY 17, 1994
On or promptly following the date of this Supplement, Mr. Wilson will be
issued the final 13,600 of the 112,500 shares of the Company's Common Stock
covered by the Prospectus dated February 17, 1994 (Prospectus) and issuable
to Mr. Wilson in connection with the acquisition of Aerospace Optic by the
Company in February 1993. Of the 98,900 shares covered by this Prospectus
which have previously been issued to Mr. Wilson, all have been sold by him.
Although the following and future filings by the Company under the
Securities Exchange Act of 1934, as amended, (Exchange Act) are incorporated
by reference in the Prospectus, attention of the reader is directed to the
Company's 1995 Annual Report to Shareholders and to its most recent three
filings under the Exchange Act:
- Report on Form 10-K for its fiscal year ended June 30, 1995,
- Proxy Statement for its 1995 annual meeting of shareholders, and
- Report on Form 10-Q for its quarter ended December 31, 1995.
These reports, among other things, reflect the status of litigation in
which the Company is involved as of the close of the respective periods and
changes in the Company's executive officers and directors.
In the fourth calendar quarter of 1995, the Company relocated its
executive offices and principle manufacturing facility from Canoga Park,
California to 2283 Cosmos Court, Carlsbad, California 92009 where its
telephone number is (619) 930-9900.
The person to whom to direct requests for copies of documents
incorporated by reference in the prospectus is Mr. Harold R. Orr, Chief
Financial Officer, New Image Industries, Inc., 2283 Cosmos Court, Carlsbad,
California 92009. Telephone inquiries may be directed to the Company and Mr.
Orr at (619) 930-9900.
The Company's Common Stock is traded on the Nasdaq National Market System
under the symbol "NIIS." On April 2, 1996, the closing price for the Common
Stock in the Nasdaq National Market System, as reported in the Wall Street
Journal, was $2 1/8.
