Candela to open the world's first spa and cosmetic laser center.WAYLAND, Mass.--(BUSINESS WIRE)--May 9, 1996--Candela Skin Care Center Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Candela Corp Candela Laser Corporation (NASDAQ: CLZR) is an American laser company that develops and sells medical lasers for cosmetic use located in Wayland, Massachusetts. History Candela Laser Corporation was founded in 1970. . (CLZR) announced today that it has entered into a long-term lease in Scottsdale, Ariz., where it will open the world's first fully integrated spa and cosmetic laser center. 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 Skin Care Center's strategy is to target those upper income individuals seeking the best in health and beauty. The Scottsdale Center will offer the highest level of personal care services, combined with the latest in laser cosmetic technology in an upscale setting. The company believes that this is a substantial market, and that the demand for these services will continue to increase. Richard J. Olsen, 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 Skin Care Centers Inc., stated, "Our entry into the spa and cosmetic laser markets in this integrated style will provide us with a substantial advantage over all potential competitors. The Scottsdale Center will be the prototype for future centers that are being planned throughout 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. and abroad." The 7,555 square foot free-standing facility is located in the heart of Scottsdale's most exclusive area. The center will house five of the most advanced lasers to treat wrinkles wrinkles See bells and whistles. , facial spider veins, scars, pigmented lesions, leg veins and other cosmetic problems. The spa and health club will offer the highest quality salon services, message, skincare, personal training and exercise facilities. Gerard E. Puorro, president and CEO of the parent company, Candela Corp., stated, "We believe that this strategy will identify Candela as the leader in this rapidly expanding cosmetic service market." CONTACT: Candela Corp., Wayland Richard J. Olsen, 508/358-7400, ext. 224 |
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