Candela Corporation Announces Open Market Stock Repurchase Program.Business Editors and Health/Medical Writers WAYLAND, Mass.--(BW HealthWire)--Dec. 15, 2000 Candela candela (kăndĕ`lə), in weights and measures: see candle. A unit of measurement of the intensity of light. Part of the SI system of measurement, one candela (cd) is the monochromatic radiation of 540THz with a radiant intensity Corporation (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 :CLZR) announced today that its Board of Directors has authorized an extension of its open market stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program that will enable Candela to purchase up to an additional 500,000 shares of its common stock. All such purchases will be transacted on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. at prevailing open market prices and will be paid for with general corporate funds. These shares are in addition to the 750,000 shares that were repurchased by the company under a program authorized on December 15, 1999. About Candela Candela Corporation develops, manufactures, and distributes innovative clinical solutions that enable physicians, surgeons and personal care practitioners to treat selected cosmetic and medical conditions using lasers, cryosurgery cryosurgery (krī`ōsr'jərē), bloodless surgical technique using a supercooled probe to destroy diseased or superfluous tissue. and other proven technologies. Founded near Boston in 1970, Candela markets and services its products in over 50 countries from offices in the United States, Europe and Asia. Candela established the aesthetic laser market 11 years ago, and has an installed base of over 4,000 lasers worldwide. For more information about Candela, visit the company's web site at http://www.clzr.com. This press release includes certain forward-looking statements, including those relating to the purchase of up to 500,000 shares of the company's stock. Any such statements are subject to risks that could cause the actual results to vary materially, including negative developments relating to unforeseen order cancellations or push-outs, Candela's strategic relationships, the impact of intense competition, and changes in the laser industry. Please refer to the risk factors detailed from time to time in the company's filings with the SEC, including its Form 10K-A K-A Kids to Adults (former ESRB game rating, 6 yrs. and up) dated October 27, 2000. |
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