from LVCI investor relations,
Go ahead and LOL, its the best medicine. Still, if laser sales even manage to stay just flat and procedures ramp up aggressively its going to be an excellent quarter. Better yet it would be a turnaround quarter for their financials.
This is posted on the Motley Fool board today:
Subject: LaserVision Adds Four Lasers
Date: 24 Sep 1997 13:14:59 EDT
From: LVCI IR
Message-id: <19970924171401.NAA06910@ladder02.news.aol.com>
Here's today's news as reported by LaserVision:
September 24, 1997
LaserVision Adds Four Lasers
- Company Now Operating Twenty-one Units in the United States -
(St. Louis, Missouri)--LASER VISION CENTERS, INC. (Nasdaq Symbol: LVCI) announced today that it has added four excimer lasers to its U.S. fleet. Two of the lasers are in fixed locations and two are mobile units. The Company now operates 21 Visx excimer lasers in the United States, serving 80 locations.
The Company said it financed three of the lasers through Heartland Bank of St. Louis and one from existing cash. The Company also announced it has received $727,000 from the exercise of options and warrants and expects to receive $838,000 in additional financing next week from TransAmerica Business Credit Corporation - Technology Finance Division.
"We expect our improving cash position to be more than adequate for the balance of the current fiscal year," said John J. Klobnak, LaserVision Chairman and CEO. "We believe these new lasers will be accretive during the current fiscal year." The Company's current fiscal year ends April 30, 1998.
Laser Vision Centers, Inc. is the world's largest operator of excimer lasers with locations in the United States, Canada, the United Kingdom, Ireland, Sweden, Finland and Greece. The excimer laser is a device which allows eye surgeons to correct nearsightedness with an outpatient procedure which usually lasts less than one minute.
Except for historical information, statements relating to the Company's plan, objectives and future performance are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Because of various risks and uncertainties, actual strategies and results in future periods may differ materially from those currently expected. Additional
discussion of factors affecting the Company's business is contained in the Company's most recent filings with the Securities and Exchange Commission.
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