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INTELLIGENT SURGICAL LASERS, INC. ANNOUNCES INITIAL PUBLIC OFFERING

INTELLIGENT SURGICAL LASERS, INC. ANNOUNCES INITIAL PUBLIC OFFERING
 SAN DIEGO, Sept. 11 /PRNewswire/ -- Intelligent Surgical Lasers, Inc. (NASDAQ: ISLS) today announced its initial public offering of 800,000 shares of common stock at a price of $8 per share. Of the shares included in the offering, 475,000 shares are being sold through the underwriter, PaineWebber Incorporated, and 325,000 shares are being sold directly by the company to certain existing shareholders of the company. The underwriter has been granted an option to purchase up to an additional 120,000 shares to cover over-allotments. The company's common stock will be traded on the NASDAQ Over-The-Counter Market.
 It is expected that certificates for the shares of common stock will be available for delivery on or about Sept. 18, 1992, at the offices of PaineWebber Incorporated, New York. Copies of the final prospectus relating to the offering can be obtained from PaineWebber Incorporated at 1000 Harbor Boulevard, Weehawken, N.J. 07087, Attention: Prospectus Department.
 Intelligent Surgical Lasers, Inc. designs and manufactures innovative, technologically advanced laser systems for the treatment of a broad range of ophthalmic disorders, many of which are difficult or impossible to treat with current lasers or traditional medical instruments.
 This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 9/11/92
 /CONTACT: Edward Lake of Intelligent Surgical Lasers, Inc., 619-552-6700/
 (ISLS) CO: Intelligent Surgical Lasers, Inc. ST: California IN: MTC SU: OFR


SM -- NY022 -- 8428 09/11/92 11:09 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
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