Blue Stone Capital Reiterates STRONG BUY rating on Premier Laser Systems.NEW YORK--(BUSINESS WIRE)--June 26, 1997--Senior Analyst, Scott Baily at BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital reiterates his investment rating on Premier Laser Systems, Inc. (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 : PLSIA) of a STRONG BUY recommendation. Our new 12-month price target is $17-$20, up from our original target of $12-$15. -- Due to anticipated demand for the Centauri hard-tissue lasers, we have increased our fiscal 1998 (March) revenue and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. estimates to $30 million and $0.14, up from our previous estimates of $20 million and break-even EPS. We have also increased our fiscal 1999 estimates to revenues of $60 million and EPS of $0.42. -- This week PLSIA announced that its Centauri Er:YAG laser YAG laser Yttrium-aluminum-garnet laser, Nd:YAG–neodymium:yttrium-aluminum-garnet–laser. See Laser. system met the electrical performance standards of the International Electrotechnical Commission See IEC. (standard, body) International Electrotechnical Commission - (IEC) A standardisation body at the same level as ISO. (IEC (International Electrotechnical Commission, Geneva, Switzerland, www.iec.ch) An organization that sets international electrical and electronics standards founded in 1906. It is made up of national committees from over 60 countries. IEC - International Electrotechnical Commission ) for European countries. The IEC approval opens the European markets to PLSIA's Centauri laser, which will be introduced in Europe this fall. -- PLSIA plans to expand its training courses for the Centauri hard-tissue laser both in the U.S. and internationally to accommodate the anticipated demand for the laser. -- During the last seven weeks PLSIA has generated in excess of $23.5 million in proceeds from the voluntary exercise of warrants of its publicly traded Class A (PLSIW) and Class B (PLSIZ) Warrants. BlueStone Capital Partners, L.P. is a full service investment banking and brokerage firm that delivers financial services to emerging growth and medium size companies worldwide. BlueStone Capital assists clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. CONTACT: BlueStone Capital Partners, L.P. Scott Baily, 212/850-0558 |
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