March 11 (Reuters) - Mach7 Technologies Ltd M7T.AX :
* ANNOUNCES A RESTRUCTURING AND COST CUTTING PROGRAM
* EXPECTS ORGANISATIONAL IMPROVEMENT WILL ENABLE IT TO ACHIEVE CASH FLOW BREAK EVEN FROM OPERATIONS FOR NEXT 12-MONTH PERIOD
* MIKE JACKMAN, CHIEF EXECUTIVE OFFICER, WILL DEPART COMPANY WITH IMMEDIATE EFFECT
* APPOINTED MIKE LAMPRON, AS INTERIM CEO
* RESTRUCTURING WILL ALSO REDUCE LABOUR COSTS AND OVERHEADS