Laser Industries' 3Q96 Revenues Will Set New Record.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--October 15, 1996-- EpiTouch Hair Removal Demonstrated For 3,000 Physicians In Portugal Laser Industries Ltd. (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 : LASRF), today reported record revenue of $14.62 million, a gain of 16 percent over revenue of $12.56 in the third quarter of 1995. The Company will report final results for the third quarter later this month. "Revenue growth for the nine months ended September 30 was driven by sales of laser products for aesthetic applications, including the first shipments of the FeatherTouch" said Benjamin Givli, Chairman 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 Laser Industries. "What is most important is that we managed to achieve record revenues and maintain our backlog of approximately $6 million," added Mr. Givli. Laser Industries is currently the only company with 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. marketing clearance specifically for the treatment of wrinkles. The Company also announced that it has displayed its comprehensive line of aesthetic lasers, including its EpiTouch Ruby laser ruby laser Dermatology A high-speed laser used for hair removal and permanent hair reduction over large areas of the body. See Laser. for hair removal, in an annual meeting of the European academy of dermatology and virology virology, study of viruses and their role in disease. Many viruses, such as animal RNA viruses and viruses that infect bacteria, or bacteriophages, have become useful laboratory tools in genetic studies and in work on the cellular metabolic control of gene expression held in Lisbon, Portugal on October 13-17, 1996. The meeting was attended by over 3,000 physicians from all over Europe, and has generated special attention. Dr. Peter Noren from Sweden and Dr. Monica Elman from Israel were invited to present their latest results of clinical studies on hair removal techniques. Previous results were further extended to facial areas and generated patient's satisfaction. The common problem of inverted inverted reverse in position, direction or order. inverted L block a pattern of local filtration anesthesia commonly used in laparotomy in the ox. growth of hair in the bikini line was also addressed and the results were promising. Clinical studies have already shown that hair removal with the EpiTouch is fast, relatively painless and causes fewer side effects Side effects Effects of a proposed project on other parts of the firm. than certain other methods of hair removal. Laser Industries has filed a 510(k) application with the FDA for clearance to market EpiTouch in the US for hair removal. The hair removal market in the US alone is estimated at $1 billion. -0- Laser Industries Ltd. is a worldwide applications driven leader in the design, development, manufacture and marketing of medical laser systems and accessories sold under the trade name "SHARPLAN." CONTACT: Laser Industries Ltd. Yacha Sutton, Pres. & COO 011-972-3-645-4545 or Sharplan Lasers Inc. Yigal Baruch, VP Finance 201-327-1666 or The Anne McBride Co. Katerina Charalambous 212-752-0504 |
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