Candela opens cosmetic laser center in Egypt; Joint venture within Cairo's Al-Salam Hospital.WAYLAND, Mass.--(BW HealthWire)--April 16, 1997--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) announced today the opening of a new laser cosmetic center in Cairo, Egypt. This center is based within the Al-Salam International Hospital and is a joint-venture with local Egyptian investors. The company owns 51 percent of the joint-venture and several others are currently in the planning stage. The company expects that most of its international laser centers will be developed as joint-ventures with local partners. Gerard E. Puorro, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 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 stated, "This is the only comprehensive laser clinic of its kind in Cairo, a world city of 15 million people. We are pleased to offer the most advanced laser skin therapy, administered by dermatologists and plastic surgeons, to prospective patients for the treatment of various skin conditions. We expect that this will be the beginning of a significant international expansion over the next several years." The opening of the Candela Skin Care Center of Cairo is part of the company's diversification plan to bring its 27 years of laser technology experience to consumers by opening both cosmetic laser treatment centers and LaserSpas. The Candela LaserSpas also offer therapeutic body treatments, weight training, cardiovascular training, diet programs and health club memberships, among other amenities. The company currently has two LaserSpas - one located in Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " , which opened last month, and the other located in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , which will open later this month. Candela Corporation develops, manufactures, and distributes innovative clinical solutions that enable physicians, surgeons and personal care practitioners to treat selected cosmetic and medical problems using lasers, cryosurgery cryosurgery (krī`ōsr'jərē), bloodless surgical technique using a supercooled probe to destroy diseased or superfluous tissue. and other proven technologies. In addition, the company is applying its capabilities and experience with skin care and related problems to develop a network of company-owned skin care centers and spas. Founded near Boston in 1970 as Candela Laser Corporation, 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 the Far East. 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: F. Paul Broyer Candela Corp. 508-358-7400, x435 or Stuart Pearlman Stuart Pearlman & Co. 212-370-4940 |
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