Candela and Advanced Medical Alliance End Discussions On Sale of Skin Care Centers.WAYLAND, Mass.--(BW HealthWire)--June 24, 1998--Candela 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) said today that it has broken off discussions with Advanced Medical Alliance regarding their proposed purchase of Candela's skin care center in Boston, and a closed facility in Scottsdale, AZ. A preliminary agreement was announced last March. Advanced Medical Alliance is a San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , California-based company that provides aesthetic/cosmetic services to consumers. Commenting on the development, Gerard E. Puorro, Candela's president and chief executive officer said: "We worked long and hard to reach a definitive agreement with the potential purchaser, but we found that both price and final financing terms were not going to be in the best interests of our shareholders. As a result, we do not expect to hold further conversations with Advanced Medical, and we remain in full operating control of our Boston spa This article is about the village in West Yorkshire, UK. See also Boston (disambiguation) location, where results continue to improve. "At the same time, we are actively seeking alternative solutions to implement the priorities set late last year when we wrote off all of the costs of closing the Scottsdale spa," Mr. Puorro added. "These decisions enabled 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 to put this venture behind us and focus on our core medical and cosmetic laser device businesses," he said. 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 See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. 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 40 countries from offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Asia. Candela established the aesthetic laser market 11 years ago. With an installed base of over 1,500 lasers worldwide, more than 500,000 aesthetic laser procedures are performed annually with Candela laser systems. For more information about Candela, visit the company's web site at http://www.clzr.com. This press release includes certain forward-looking statements. Any such statements are subject to risks that could cause the actual results to vary materially, including negative developments relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc unforeseen order cancellations or push-outs, Candela's strategic relationships, the impact of intense competition, and changes in the laser industry.
CONTACT: Candela Corporation
Paul Broyer 508-358-7400 x435
or
Phase Two Strategies
Stuart Pearlman 212-716-3400
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