SALVATORI OPHTHALMICS TALKS CONTINUING FOR ACQUISITION OF G.T. LABORATORIES AND FUSED KONTACTS, INC.
SALVATORI OPHTHALMICS TALKS CONTINUING FOR ACQUISITION OF G.T. LABORATORIES AND FUSED KONTACTS, INC. SARASOTA, Fla., Sept. 15 /PRNewswire/ -- Salvatori Ophthalmics, Inc. announced today that it has entered into an agreement extending its exclusive right to acquire G.T. Laboratories and Fused Kontacts, Inc., privately owned manufacturers of rigid gas permeable contact lenses and materials, until Nov. 30, 1992. Salvatori is a manufacturer of specialty contact lenses, including rigid gas permeable and soft contact lenses for daily and extended wear, sold to eye care professionals. The company has manufacturing facilities located at Sarasota, Fla., and Lincoln, Neb. and is headquartered in Sarasota. Salvatori Ophthalmics' stock is quoted by the National Association of Securities Dealers under the symbol EYES. G.T. Laboratories/Fused Kontacts is a private company which manufactures a line of blanks, sold under the Flourex and Sil-O-Flex brand names, from which gas permeable contact lenses are manufactured. In addition, Fused Kontacts manufactures a line of contact lenses, principal among them the Tangent Streak line of rigid gas permeable bifocal and trifocal lenses. Closing of the transaction is subject the completion of due diligence by the buyer and the completion of financing arrangements. -0- 9/15/92 /CONTACT: David J. Dougherty of Salvatori Ophthalmics, 813-753-0383/ CO: Salvatori Ophthalmics ST: Florida IN: MTC SU: TNM
JB-JJ -- FL005 -- 9566 09/15/92 11:04 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 15, 1992|
|Previous Article:||GRAND METROPOLITAN PROPOSES U.S. DEBT ISSUE OF $600 MILLION AND UPDATES 1992 TRADING OUTLOOK|
|Next Article:||HEALTH COMMUNICATION SERVICES CHOSEN TO CREATE NATIONAL MODEL FOR ELECTRONIC DATA INTERCHANGE IN HEALTHCARE|