Read this again.
September 19, 2008
To All the Friends and Shareholders of Laser Energetics:
As discussed in previous Founders messages, Laser Energetics, Inc. is in hot pursuit of the financing required to help this great company reach its full potential. I’m currently working with eight different sources of capital with both corporate entities and high net worth individuals that can fund LEI up to the entire $20,000,000 we are seeking in total.
I’m very cognizant of the continued anxiety we are all feeling about the timing of the $12 million investment into Laser Energetics by Beryl Wolk. I have visited Mr. Wolk’s office several times this month, and continue to be personally assured by him that his investment will show very soon. I’m told that right now he has several hundred million dollars due his organization from UBS Bank. I’m also told that I can be confident he will receive his money and upon doing so, we will receive ours. While Mr. Wolk has been assured his money would be received any day for the last 6 months, I have seen certain emails sent by the various parties and banks involved in the transaction that point to this process being over soon.
We all know these type of delays don’t inspire confidence. But to put things into perspective, Mr. Wolk will be receiving billions of dollars and these large transactions usually do have delays before funding. My confidence in him and his associate, Sam Hunter, remain high because they are straight shooters and good men. It’s also important to note that while I remain confident about their investment into LEI happening soon, I have been taking big steps to raise money with other groups for many months.
LEI is waiting for no one. The analogy I will make about us is one that views LEI as a group of special forces on a major mission to secure our financing, which fights, and forages for food as it does so, in pursuit of the war chest which will take the company to the TOP. As such, we have raised $1,100,000 this year for multiple purposes including working capital and the acquisition of a very important strategic technology which involves major intellectual property and the potential for major consumer products and major LEI profits. I will be coming out with a press release about this technology and the projected impact it will have on Laser Energetics. We are positioning ourselves for an enormous future, and we are working on smaller financings which will allow us to be successful, while we pursue the larger infusions of capital. In all cases, we are in continual pursuit of growth, execution of our game plans, and development of our intellectual property (patents) as well as commercialization of our products.
It is very important to note, we as a company continue to develop our technologies and intellectual property position. While we work towards raising the capital to allow us to commercialize our many technologies, we continue to develop our technologies. With our limited funds, we are working on commercializing a new product which I’ll be announcing in October. Our sales process is to work with companies who need our technology for an application. We’ll sell our customers a standard product out of our product line or build a customized laser for them to evaluate their application. Once we receive the feed back to what they need, they then pay us to package the laser for there specific application. The case in point is the ITT/Army laser for remote sensing. First they paid for the demonstration prototype laser. Now we’re working to propose and receive a contract for the engineered laser which we’ll take the prototype laser as our base line, and engineer it to be small and meet military specs for in field use, with the laser specification they need. The customer pays for this (estimated to be over $2,500,000). Once we deliver this product and it meets the requirements they specified, they order in quantities they need (estimates of over a thousand units) with spare lasers and parts. This is how we generate business currently, while we seek the war chest capital which will allow us to develop and commercialize products after careful research. We can then take our targeted applications with large markets and Sell, Sell, Sell, bringing big returns on our internal development investment.
The Laser Energetics team is working hard to achieve World Class success! Winners never Quit, and Quitters never Win! That is why the future is ours! All the Best!
Sincerely,
Robert D. Battis
Founder, President & CEO
Laser Energetics, Inc.
Laser Energetics, Inc.
3535 Quaker Bridge Road
Suite 700
Mercerville, NJ 08619
P: (609) 587-8250
F: (609) 587-9315
E: mail@laserenergetics.com
For Investor Relations
Contact Dan Schall
1-877-736-6907
