BlueStone Capital Partners Announces Investment Opinion on BLTI.NEW YORK--(BUSINESS WIRE)--Aug. 4, 1999-- 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 Partners, L.P. Re-iterates STRONG BUY Rating on BLTI BLTI Blonder Tongue Laboratories, Inc. . Senior Analyst, Scott Baily at BlueStone Capital reiterates a STRONG BUY recommendation on Biolase Technology, 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 : BLTI- $ 2 25/32) and maintains a 12 month price target of $7-$10 after achieving a number of important milestones in the first half of 1999. Analyst's Summary - BLTI has achieved a number of important milestones during the first half FY99. Combined with the several meaningful announcements recently, and given our expectations for strong results in 2Q FY99 and for the balance of FY99, we remain quite optimistic about BLTI's market leadership opportunities and its growth prospects over the next couple of years. Accordingly, we continue to rate BLTI's stock a STRONG BUY, and our 12 month price target is unchanged at $7-$10. - BLTI recently signed a one year worldwide distribution license for its LazerSmile Tooth Whitening tooth whitening Dentistry Any process is intended to whiten yellowed or stained teeth Complications Improperly applied, whiteners have been associated with tooth disintegration. See Cosmetic dentistry. System with Tactica International for an annual minimum quota of 500,000 units. Tactica will pay a royalty per unit to BLTI and has taken over the marketing of LazerSmile, which began in July. We estimate the license can generate $2-$3 million in sales over the next 12 months, of which 90% should be profit. - In June, BLTI received the 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. approval of its Millennium Hydrokinetic hydrokinetic /hy·dro·ki·net·ic/ (hi?dro-ki-net´ik) relating to movement of water or other fluid, as in a whirlpool bath. hy·dro·ki·net·ic or hy·dro·ki·net·i·cal adj. laser to dentists for procedures on children under 18 years old. This important FDA approval follows the company's clearance earlier this year of the Millennium for Class II and Class IV, thereby allowing marketing of the laser for all dental classes. - BLTI recently introduced its new MVP-HS Laser Delivery system & several disposable tips for use with its Millennium laser. We believe the MVP-HS system & disposable tips further increases BLTI's technological lead over the competition. BlueStone Capital Partners, L.P. is a full service investment banking and brokerage firm that delivers financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 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. |
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