Laser Industries to open treatment centers, record 1Q96 revenues exceed $14 million.TEL AVIV, Israel--(BUSINESS WIRE)--April 8, 1996--Laser Industries Ltd., (AMEX AMEX See: American Stock Exchange : LAS), today announced that as part of its strategy to become a service provider it will open several aesthetic laser centers to be located in key metropolitan cities around the world. The first three centers are scheduled to open by the end of 1996 in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Barcelona, Spain, and Tel Aviv, Israel, offering patients a variety of surgical services, including laser skin resurfacing Skin Resurfacing Definition Skin resurfacing employs a variety of techniques to change the surface texture and appearance of the skin. Common skin resurfacing techniques include chemical peels, dermabrasion, and laser resurfacing. , hair transplantation Hair Transplantation Definition Hair transplantation is a surgical procedure used to treat baldness or hair loss. Typically, tiny patches of scalp are removed from the back and sides of the head and implanted in the bald spots in the front and top of , removal of tattoos and pigmented lesions, and eventually hair removal. Laser Industries 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. Benjamin Givli said of the decision, The Company's commitment to these first three aesthetic laser centers follows our strategic goal to expand into areas that will provide additional opportunities for increasing revenues and profitability. Our new role as a service provider will add another dimension to our business and also allow us to stay closely attuned at·tune tr.v. at·tuned, at·tun·ing, at·tunes 1. To bring into a harmonious or responsive relationship: an industry that is not attuned to market demands. 2. to an ever shifting market demand. The Company is in a unique position to become a service provider. The centers will be operated by prestigious physicians who are expert in catering to cosmetic surgery cosmetic surgery, plastic surgery for cosmetic purposes, such as the improvement of the appearance of the face by removing wrinkles or reshaping the nose. patients and who are experienced with aesthetic laser procedures. In the area of technology, the Company will provide specialized state-of-the-art lasers including market leader SilkTouch and newcomer EpiTouch , an exciting new product soon to be introduced for hair removal. Finally, the Company brings to this enterprise a sophisticated level of marketing support which is a critical element in building a strong patient base. The Company also announced record first quarter 1996 revenues of more than $14 million. Full results for the quarter will be released towards the end of April. Laser Industries, Ltd. has taken a leadership role in the laser industry for over 23 years, designing, developing, manufacturing and marketing of medical laser systems and accessories sold under the trade name Sharplan. CONTACT: Laser Industries Ltd. Benjamin Givli/Yacha Sutton +972-3-645-4555 or The Anne McBride Co. Katerina Charalambous 212-752-0504 |
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