Printer Friendly

LASERTECHNICS INC. REPORTS ADDITIONAL FINANCING

 ALBUQUERQUE, N.M., Nov. 11 /PRNewswire/ -- Lasertechnics Inc. (NASDAQ: LASX) announced that it has increased its indebtedness to Wolfensohn Associates L.P. and a private investor to $1.6 million, netting the company $1.5 million after expenses. The notes related to the indebtedness are due Jan. 16, 1995, and may be converted into Lasertechnics common stock. The proceeds of this transaction will be used primarily for the general working capital requirements of Sandia Imaging Systems Corp. (SIS), a subsidiary of the company. SIS is headquartered in the Dallas area. As a manufacturer, VAR and OEM provider of imaging software and hardware, Sandia Imaging Systems is a complete photo quality imaging resource. SIS products are used for the production, manipulation, transmission and storage of photo quality digitized images in a variety of markets including photo ID cards, newsphoto, weather/LANDSAT, medical, microscopy, karyotyping, forensics, mapping and reconnaissance.
 Lasertechnics also manufactures and sells laser systems for marking products in a wide number of industrial markets.
 For more information on Sandia Imaging Systems, contact: George Peterson, president, Sandia Imaging Systems, 3208 Commander Dr., Carrollton, TX 75006. Telephone: 214-407-6080. Fax: 214-407-9085.
 For more information on Lasertechnics marking business, contact: Gene Bourque, president, Lasertechnics, 5500 Wilshire Ave. NE, Albuquerque, NM 87113. Telephone: 505-822-1123. Fax: 505-821-2213.
 -0- 11/11/93
 /CONTACT: Gene Bourque, president of Lasertechnics, 505-822-1123/
 (LASX)


CO: Lasertechnics Inc.; Sandia Imaging Systems Corp. ST: New Mexico IN: CPR SU: FNC

JB-EH -- SD001 -- 3161 11/11/93 10:47 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 11, 1993
Words:246
Previous Article:VECTOR VENTURE SAYS SHIPMENTS OF WATER PURIFCATION SYSTEMS TO VIETNAM VALUED IN EXCESS OF $1 MLN PER MONTH TO BEGIN IN JANUARY
Next Article:TRUS JOIST MACMILLAN: DEMAND GROWS FOR OLD-GROWTH LUMBER SUBSTITUTE
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters