Sunrise Technologies Reduces Staff
FREMONT, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Sunrise Technologies International Inc. (SNRS) announced today it has laid off nearly all of its employees while it continues to search for new financing.
"We had to take this step in order to conserve what is left of our cash. We are continuing discussions with funding sources. If we are successful we plan to bring at least some of these employees back to Sunrise. If the company is not successful in obtaining new funding soon, we will be unable to continue our business operations," said John Hendrick, President and Chief Executive Officer of Sunrise Technologies International, Inc.
Sunrise Technologies International, Inc. is a refractive surgery company based in Fremont, California, that has developed holmium: YAG laser-based systems that utilize a patented process for shrinking collagen developed by Dr. Bruce Sand (the "Sand Process") in correcting ophthalmic refractive conditions.
Except for historical information, this news release contains certain forward-looking statements that involve risk and uncertainties, which may cause actual results to differ materially from the statements made including market potential, regulatory clearances, business growth, and other risks listed from time to time in the Company's Securities and Exchange Commission (SEC) filings. These forward-looking statements represent the Company's judgment, as of the date of this release, and the Company disclaims any intent or obligation to update these forward-looking statements.
Internet users can access Sunrise's World Wide Web site at sunrise-tech.com.
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SOURCE Sunrise Technologies International, Inc.
CO: Sunrise Technologies International, Inc.
ST: California
IN: MTC
SU: RCN
02/19/2002 15:51 EST prnewswire.com |
