ColorMax CEO Addresses Recent Share Price and Outlook.Business Editors and Health/Medical Writers TUSTIN, Calif.--(BW HealthWire)--April 5, 2000 ColorMax Technologies, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CXTE) Chief Executive Officer, Robert Iger Robert A. "Bob" Iger (born February 10 1951) is head of the Walt Disney Company. He has been president since January 2000 and CEO since October 2005. Early Life Iger was born in Oceanside, New York. , issued the following statement Wednesday, in part addressing the company's share price. Shares of the company's common stock have experienced pressure since its recent high of $14 on Feb. 23, 2000. "The recent share price of the company's common stock is reflective of unstable stock market conditions and is not based on any significant changes in ColorMax's business outlook or growth plans," stated Iger. "In the last month, we have received $4 million in new equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. through Ladenburg Thalmann, acquired X-Chrom(R) which holds significant patents and rights that will allow us to retain market share, added ex-Essilor Vice President Richard Fulmer as Chief Marketing Officer, and appointed renowned optical industry expert Joseph Bruneni to our board of directors. "Our Nasdaq application process is progressing, our planned growth targets are aggressive, our skilled labor force is expanding, and our management team, which consists of some of the most experienced and accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. individuals in the industry, will help deliver increasing shareholder value and provide the leadership to achieve the goals that we have committed to." "We received an overwhelming response at the Vision Expo trade show in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of last week, and were the subject of several interviews by leading industry trade publications. Doctors actually came to the show specifically to become ColorMax Providers," stated Dr. James E. Bailey James Edmund Bailey (August 15, 1822 – December 29, 1885) was a Democratic United States Senator from Tennessee from 1877 to 1881. Bailey was born in Montgomery County, Tennessee. He attended the Clarksville Academy and the former University of Nashville. , O.D., Ph.D., member of ColorMax's Science Advisory Board. "Many colorblind col·or·blind or col·or-blind adj. Partially or totally unable to distinguish certain colors. individuals said that they came to the show just to see our lenses. The excitement of the people that were tested and actually tried the lenses was extremely rewarding." ColorMax Technologies has the first and only 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. cleared product with the ability to capture a virtually untapped product market in excess of $15 billion worldwide and $5 billion in the United States alone. Its ColorMax(R) Color Vision Enhancement Lenses offer a unique and effective aid for colorblindness, a condition that affects more than 12 million Americans and 250 million people worldwide. The company recently announced that it was to begin production of its new ColorMax(R) Color Vision Enhancement Soft Contact Lenses to aid colorblind individuals and affected a forward 2 for 1 split of its common stock at the beginning of the year. This release contains forward-looking statements with respect to the results of operations and business of ColorMax Technologies, that involves risks and uncertainties. The company's actual future results could materially differ from those discussed herein. Risks and uncertainties of the company will be detailed form time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to "safe harbors" provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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