IRIS International, Inc. Completes Purchase of Its German and UK Business From Distributor for Book Value

CHATSWORTH, Calif., Jan. 12, 2010 (GLOBE NEWSWIRE) -- IRIS International, Inc. (Nasdaq:IRIS), a leading manufacturer of automated in-vitro diagnostics systems and consumables for use in hospitals and commercial laboratories worldwide, announced today that it had completed the purchase at book value of certain assets relating to the current distribution of Iris' products in the UK and Germany by the company's European distributor, IL UK and IL Germany of the Werfen Group. The assets purchased from IL UK and IL Germany consist primarily of customer leases related to the installed base of approximately 50 iQ(R)200 IRIS instruments and service contracts in those countries, which were valued at $840,000 as December 31, 2009.