Beacon Eye Institute files preliminary prospectus to fund continuing development and expansion.TORONTO--(BUSINESS WIRE)--Nov. 1, 1996--BeaconEye Inc., 49 percent owned by Hawker Siddeley Canada Hawker Siddeley Canada was the Canadian unit of the Hawker Siddeley Group of the United Kingdom and manufactured railcars, streetcars and aircraft engines from the 1960s to 1980s. Inc., which operates as Beacon Eye Institute ("Beacon"), announced the filing of a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders offering common shares of the Company. The Company hopes to raise approximately $30 million for capital expenditures and development expenses in connection with the opening of new Laser-PRK(TM) centers and for ongoing operating expenditures including marketing and advertising. The offering will be undertaken by ScotiaMcLeod Inc., Midland Walwyn Capital Inc., Gordon Capital Corporation, Yorkton Securities Inc., and CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. BeaconEye Inc. provides facilities and services for the performance of Laser-PRK vision correction. Laser-PRK is performed with an excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. which generates ultraviolet light Ultraviolet light A portion of the light spectrum not visible to the eye. Two bands of the UV spectrum, UVA and UVB, are used to treat psoriasis and other skin diseases. for gently reshaping the surface of the eye to improve natural vision and reduce or eliminate the need to wear glasses or contact lenses. Beacon is progressing with its expansion plan. In addition to its Toronto facility, five U.S. centers - San Antonio, Austin, Dallas/Fort Worth, Houston and Colorado - have been opened. Five additional centers - Fort Lauderdale, Tampa, Atlanta, Orange County and Beverly Hills - are scheduled to open in the fourth quarter of 1996 and early 1997. CONTACT: Keith Moore, 905/897-7161 Fax: 905/897-6130 e-mail: kmoore@beaconeye.com |
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