Laser Energetics Gets the Support of Beryl Wolk of 'IMC' to Invest in the Company and Provide $1 Million of Marketing for Laser Energetics
MERCERVILLE, N.J., Jan 02, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has formed a strong alliance with Beryl Wolk of IMC, a world renowned 78 year old marketing genius responsible for publishing 2 billion newspaper inserts for 50 years, developing Comcast and QVC, and providing all of his marketing expertise for 19 countries and 900+ joint ventures.
Mr. Wolk will not only invest in Laser Energetics, but he will be providing a full range of marketing services to promote the company's products, and the company as a good long term investment.
Robert D. Battis, Chairman and Chief Executive Officer of Laser Energetics, said, "We are very excited about Mr. Wolk supporting this company. His being known as the best in the world in marketing makes us very fortunate to have such an association. I'm honored to know him and to know he believes in us!"
Battis continued, "Our goal is to take LEI's expertise in Alexandrite lasers and laser applications and combine it with a new way to communicate how we can make "better lasers for a better world"! We expect to be in a position to make several announcements regarding these developments in the near future.
About Laser Energetics, Inc.: LEI has and continues to develop a comprehensive and strategic laser product line that addresses applications in Industry, Science, Medicine and the Military. The Company has had a primary focus on its Alexandrite laser technology. These tunable solid state lasers are unique in that they can be conductively air cooled to compete favorably against water cooled lasers in many applications. In addition, these lasers have one of the greatest wavelength tuning ranges with a bandwidth of over 250nm. The company is pursuing markets that are diverse yet can use the same laser with their compact user friendly design. This laser technology provides a sustainable advantage over many other lasers because of their tune-ability, conductively air cooled operation, and their efficiency allowing these lasers to operate at preferred lower voltages such as 110 Volts as well as the military standard 28 VDC, as compared to other less efficient competitive lasers that are large and need 220 Volts to operate.
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.
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