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 ex
'/>"/>

SOURCE Laser Energetics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

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:9/2/2015)... , ... September 02, 2015 , ... ... Things, announces its latest addition to its screen mirroring and extending product line ... Extended Wireless Display, which operates in local WIFI setting, the new Splashtop Wired ...
(Date:9/2/2015)... ... ... The medical waste management market is expected to reach USD 13.3 billion by 2020 ... waste management market is segmented based on type of waste, services, treatment type, treatment ... growth rate in the medical waste management market, by service, during the forecast period. ...
(Date:9/2/2015)... PA (PRWEB) , ... September 02, 2015 , ... ... Health Sciences clinical and academic partnership has earned international recognition as a premier ... genetic disorder that can cause sudden, catastrophic internal bleeding and stroke. , ...
(Date:9/2/2015)... , ... September 02, 2015 , ... ... Center at Children's Healthcare of Atlanta to help support childhood cancer research. ... the upcoming WSB Radio Care-A-Thon , which is the fund-raising event DoMyOwnPestControl.com ...
(Date:9/2/2015)... , ... September 02, 2015 , ... ... Benefit Administrators is taking action after seeing a significant increase in unlawful ... Claim Review division has found many cases of OON ASCs encouraging members to ...
Breaking Medicine News(10 mins):Health News:Splashtop Launches Wired XDisplay, the Fastest Screen Sharing Solution for Extending and Mirroring Your Computer Screen to Mobile Devices 2Health News:Splashtop Launches Wired XDisplay, the Fastest Screen Sharing Solution for Extending and Mirroring Your Computer Screen to Mobile Devices 3Health News:Medical Waste Management Market Growing at 5.2% CAGR to 2020 2Health News:Medical Waste Management Market Growing at 5.2% CAGR to 2020 3Health News:Medical Waste Management Market Growing at 5.2% CAGR to 2020 4Health News:Medical Waste Management Market Growing at 5.2% CAGR to 2020 5Health News:UPMC-University of Pittsburgh Named Center of Excellence for Rare Disorder 2Health News:UPMC-University of Pittsburgh Named Center of Excellence for Rare Disorder 3Health News:UPMC-University of Pittsburgh Named Center of Excellence for Rare Disorder 4Health News:DoMyOwnPestControl.com Goes Gold for Childhood Cancer Awareness Month 2Health News:TPA Cracks Down on Forbidden Tactics Used by Out-of-Network Surgical Centers 2Health News:TPA Cracks Down on Forbidden Tactics Used by Out-of-Network Surgical Centers 3
... of Infection and ... Appropriate Treatment, ... announced the launch of a new educational module "Chronic Wound,Infections", ... and enhance treatment for improved clinical,outcomes., Chronic wounds substantially ...
... ALTO, Calif., June 30 Facebook today announced,that ... Currently,co-founder and chairman at Ning, Andreessen is an ... industry leader, and we,re fortunate to have him ... Zuckerberg. "He has experience,that is relevant to Facebook ...
... new or renovated rooms; Unity and ... patients, ROCHESTER, N.Y., June 30 The state should,support ... an,additional 140 beds -- more than 50 of which could ... to a commission convened by,Finger Lakes Health Systems Agency., ...
... SMBL ) announced today that it has been ... Russell,Investments reconstituted its comprehensive set of U.S. and global ... be included in the Russell indexes, which will,increase the ... potential,investors," said Robert S. Gluck, Vice Chairman and Chief ...
... WASHINGTON, June 30 The Justice Department,announced today ... the care,given to residents of the Beatrice State ... residential facility that serves almost 300,persons with mental ... and subject to the approval of the U.S. ...
... fact , , MONDAY, June 30 (HealthDay News) -- A new study ... loss of memory. , The study, which has followed thousands of ... of memory on a word test for those at age 55 ... levels. By age 60, the rate of memory loss had increased ...
Cached Medicine News:Health News:The Wound Institute(R) Launches Educational Course on Chronic Wound Infections 2Health News:The Wound Institute(R) Launches Educational Course on Chronic Wound Infections 3Health News:The Wound Institute(R) Launches Educational Course on Chronic Wound Infections 4Health News:Marc Andreessen Joins Facebook Board of Directors 2Health News:2020 Commission Supports Modernization Plans at Three Monroe County Hospitals, With 140 Additional Beds 2Health News:2020 Commission Supports Modernization Plans at Three Monroe County Hospitals, With 140 Additional Beds 3Health News:2020 Commission Supports Modernization Plans at Three Monroe County Hospitals, With 140 Additional Beds 4Health News:Smart Balance Added to Russell 2000 and 3000 Indexes 2Health News:Justice Department Reaches Settlement to Improve Conditions at a Nebraska Developmental Center 2Health News:Research Links Low HDL Levels With Memory Loss 2
(Date:9/2/2015)... DIEGO , Sept. 2, 2015  Neurocrine Biosciences, ... Tim Coughlin , Chief Financial Officer of Neurocrine Biosciences, ... in New York City . ... 9 at 11:25am ET (8:25am PT).  The presentation will ... website at http://www.neurocrine.com .   Listeners ...
(Date:9/2/2015)... 2, 2015 Research and Markets ( ... PharmaBiotech,s new report "Drug Delivery in Central ... to their offering. Advances ... BBB have opened new avenues and possibilities for ... or transport systems, enzymes, and receptors that control ...
(Date:9/2/2015)... Demers Ambulances is proud to announce it has signed Emergency ... states of Mississippi , Alabama ... "This will enable Demers to effectively meet the needs ... for Demers Ambulances. "Emergency Equipment Professionals has three service centers ... Alabama , giving them a strategic advantage. Local service ...
Breaking Medicine Technology:Drug Delivery in Central Nervous System Diseases - Technologies, Markets and Companies Report 2015-2024 2Drug Delivery in Central Nervous System Diseases - Technologies, Markets and Companies Report 2015-2024 3Demers Ambulances has named Emergency Equipment Professionals (EEP) Inc. as their dealer for the states of MS, AL and TN 2
... NASHVILLE, Tenn., Nov. 23 Cumberland Pharmaceuticals Inc. ( ... from a study evaluating the safety and efficacy of Caldolor ( ... Statistical significance was achieved for the primary endpoint of reducing fever ... study evaluated 61 adult burn patients with second or third degree ...
... , INDIANAPOLIS, Nov. 23 AMD LASERS ... commitment to dental education by partnering with prestigious industry-leader ... AMD LASERS, will be the exclusive soft tissue diode ... targeted to the top 2% of dentists. , (Photo: ...
Cached Medicine Technology:Caldolor(R) (Ibuprofen) Injection Demonstrates Significant Fever Reduction in Hospitalized Burn Patients 2Caldolor(R) (Ibuprofen) Injection Demonstrates Significant Fever Reduction in Hospitalized Burn Patients 3AMD LASERS Announces New Partnership with Dr. Larry Rosenthal and Aesthetic Advantage 2
Histopathology Reference Laboratory provides a full range of histology services, encompassing routine and specialized grossing, processing, embedding, microtomy, routine and special staining and cove...
IBT Reference Laboratory is a national research and specialty clinical lab founded in 1983 that provides a wide range of tests and services in the area of allergy, clinical immunology and molecular b...
Marquette General Health System Reference Laboratory provides a full range of testing including, Chemistry, Hematology, Coagulation, Urinalysis, Microbiology, Cytology, Anatomic Pathology, Flow Cytom...
Headquartered in Burlington, North Carolina, LabCorp has more than 23,500 employees and offers more than 4,400 clinical tests ranging from routine blood analyses to the most sophisticated molecular d...
Medicine Products: