Laser Energetics, Inc. (LNGT)

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NEWS!!!


Laser Energetics Raises $1.1 Million at $0.08 Per Share New Founder's Message and Company Update Available on Company Website
Friday September 19, 11:57 am ET


PRINCETON, N.J., Sept. 19 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT - News) announced today that the Company has successfully raised, in a private placement, $1.1 million from accredited investors. The investors purchased their shares at $0.08 per share, and also received warrants to purchase additional shares at $0.12 per share, together with profit participation in the recently acquired technology, in which the exciting details will be announce next week.
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In addition, the Company has announced that Robert D. Battis, Founder and CEO of Laser Energetics, has posted a Founder's Message on the Company website. Mr. Battis provides an update on the Company's status, and also provides new information relating to the Company's efforts to finalize a larger financing with other investors, including Beryl Wolk. The new Founder's Message may be found at www.laserenergetics.com

About Laser Energetics, Inc.:

Laser Energetics has and continues to develop a comprehensive and strategic laser product line that addresses laser applications in Industry, Science, Medicine, Homeland Security and the Military. The Company has had a primary focus on its Alexandrite laser technology.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.