Laser Energetics, Inc. (LNGT)

[G56B22]

BATTIS CONTRACT EXPIRES?

http://www.sec.gov/Archives/edgar/data/1072072/000119380506001149/e501317_sb2-laser.txt

That is a question. I do not know but per the SEC filings it sounds as though his contract is up very soon.


We are dependent on our key officers and directors, including Robert D.
Battis, our President, Chief Executive Officer and Chairman of the Board and Dr.
John LiVecchi, our Medical Director. The loss of any of our key personnel could
materially harm our business because of the cost and time necessary to retain
and train a replacement. Such a loss would also divert management attention away
from operational issues. To minimize the effects of such loss, we have entered
into an employment contract with Robert D. Battis and Dr. John LiVecchi. Mr.
Battis' employment agreement has a term of five years and expires on October 31,
2009. Dr. LiVecchi's employment agreement has a term of three years and is
terminable at will. We do not maintain key-man life insurance on any of our
management or other key personnel.