Navigation Links
Laser Energetics Provides Joint Venture Update to Shareholders
Date:1/31/2008

MERCERVILLE, N.J., Jan. 31 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) today provided an update to shareholders on the status of its joint venture with Lantis Laser for the sales and marketing of its BrightStar(TM) Laser for dental applications. The update was provided to clear up some confusion about the transaction that has been expressed by some shareholders.

Robert D. Battis, CEO of Laser Energetics, stated, "We are not placing orders to ourselves through a newly formed entity that we created. Rather, HyGeniLase, Inc., which is a joint venture between LEI and Lantis, has its own capital and corporate existence. LEI is not responsible for funding HyGeniLase, and HyGeniLase has already begun making payments to LEI. That responsibility belongs to Lantis, who has already arranged for funding, and is further contemplating taking HyGeniLase public."

Battis continued, "LEI will supply HyGeniLase on a cost plus basis on every laser system sold to HyGeniLase. In addition to the profit LEI makes on the laser system sale, LEI will, by virtue of being a shareholder, share in additional profits that HyGeniLase will generate from its sales through its worldwide distribution channels. As a result, because of the larger anticipated sales, LEI will effectively generate more profit for every system sale to HyGeniLase than it could otherwise generate by not working with a dental Company such as Lantis."

"We hold ourselves to the highest ethical standards, and will only enter into those transactions which are in the best long term interest of the company. The HyGeniLase transaction meets that exacting requirement. The involvement of Lantis, whose management have an intimate knowledge of the dental field, opens a new market for LEI that we would have otherwise had to ignore at the present time because of our limited size. HyGeniLase is negotiating some significant contracts at this time, and we look forward to making additional exciting announcements in the very near future."

About Laser Energetics, Inc.: LEI has and continues to develop a comprehensive and strategic laser product line that addresses applications in Industry, Science, Medicine and the Military. The Company has had a primary focus on its Alexandrite laser technology. These tunable solid state lasers are unique in that they can be conductively air cooled to compete favorably against water cooled lasers in many applications. In addition, these lasers have one of the greatest wavelength tuning ranges with a bandwidth of over 250nm. The company is pursuing markets that are diverse yet can use the same laser with their compact user friendly design. This laser technology provides a sustainable advantage over many other lasers because of their tune-ability, conductively air cooled operation, and their efficiency allowing these lasers to operate at preferred lower voltages such as 110 Volts as well as the military standard 28 VDC, as compared to other less efficient competitive lasers that are large and need 220 Volts to operate.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.


'/>"/>
SOURCE Laser Energetics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Laser Energetics Receives a $550,000 Order for a Dental Laser System
2. CoolTouch Introduces CoolLipo(TM) Laser System, Recently FDA Cleared for Laser-Assisted Lipolysis
3. Alma Lasers Announces Proposed Initial Public Offering
4. Laser Surgery Can Correct Nearsightedness
5. Fetal surgeon shows for first time that laser procedure may treat vasa previa
6. Private Equity Firms Acquire American Laser Centers
7. Low-level Laser Therapy Clinics Partnership Targets Helping People Nationwide
8. Imaging Diagnostic Systems to Present Laser Breast Imaging Clinical Results at the 2007 Radiological Society of North America Scientific Assembly
9. BioHorizons Introduces Its New Tapered Internal Implants Featuring Laser-Lok(R) Microgrooves
10. Laser Energetics Delivers BrightStar(TM) Alexandrite Laser to Fortune 50 Defense Company
11. Alma Lasers Answers Lumenis Complaint
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... ... industry today announced its strategic partnership with Connance, a healthcare industry leader ... two companies’ proven, proprietary technology combine to provide health systems, hospitals and ...
(Date:6/26/2016)... ... , ... Quality metrics are proliferating in cancer care, and are derived from ... of the beholder, according to experts who offered insights and commentary in the current ... For the full issue, click here . , For the American Society of ...
(Date:6/26/2016)... ... , ... PawPaws brand pet supplements owned by Whole Health Supply ... health of felines. The formula is all-natural and is made from Chinese herbs that ... Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia Root ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the ... AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in ... topics including advance care planning, healthcare costs and patient and family engagement. , ...
(Date:6/25/2016)... ... 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX users can easily ... of Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures ... . Simply select a ProHand generator and drag it above media or text in ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 ... has announced the addition of the " Global ... This report ... provides an updated review, including its applications in various ... total market, which includes three main industries: pharmaceutical and ...
(Date:6/24/2016)... , June 24, 2016 Dehaier Medical Systems ... "Company"), which develops, markets and sells medical devices and ... , signed a strategic cooperation agreement with Hongyuan Supply ... Supply Chain") on June 20, 2016, to develop Dehaier,s ... strategic cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s ...
(Date:6/24/2016)... , June 24, 2016 According ... by Type (Standard Pen Needles, Safety Pen Needles), Needle ... GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) - ... This report studies the market for the forecast period ... reach USD 2.81 Billion by 2021 from USD 1.65 ...
Breaking Medicine Technology: