"SLVC" changed to "MEHL"; new ticker symbol for MEHL Biophile.GAINESVILLE, Fla.--(BUSINESS WIRE)--June 10, 1996--MEHL/Biophile International Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MEHL) began trading on the NASDAQ Small Cap Market under its new ticker symbol Monday after being created Tuesday, June 4, from the merger of Selvac Corp. (NASDAQ:SLVC SLVC Sensorless Vector Control (motor drive control option) SLVC super linear variable capacitor ) and Classy Lady by Mehl of Puerto Rico. Merger approval also triggered a shift in company leadership. The new Chairman and Chief Executive Officer, Thomas L. Mehl Sr., was a principal shareholder in Classy Lady and had sold his hair removal company, Mehl International, to Selvac in 1985. Mehl Biophile headquarters will be located in Gainesville. Mehl Biophile announced Thursday, June 6, that it had acquired an 81 percent share of SLS (Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. ) Ltd., a privately owned cosmetic and medical laser manufacturer located in Wales, U.K. Mehl Biophile holds license to the dominant laser hair removal Epilation performed by laser was performed experimentally for about 20 years before it became commercially available in the mid 1990s. Intense Pulsed Light (IPL) epilators, though technically not a laser, use xenon flash lamps that emit full spectrum light. patent (the "Zaias patent") and with the SLS (Wales) acquisition seeks to capitalize internationally on its dominant position by opening laser hair removal centers abroad. The corporation filed last week for FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. Premarket Clearance to use its laser hair removal system in the U.S. CONTACT: MEHL/Biophile International Corp., Gainesville Thomas L. Mehl Sr., 352/373-2565 |
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