BEAM news........
bigcharts.com
WALTHAM, Mass., Aug 26, 1999 (BUSINESS WIRE) -- Sterling Vision, Inc. (NASDAQ:ISEE) one of the USA's leading optical retailers andan operator of corrective eye laser surgery centers and Summit Technology, Inc. (NASDAQ:BEAM), a leading manufacturer of excimer laser systems for use in laser vision correction, today announced that Insight Laser Centers, Inc., a Sterling subsidiary, has entered into agreements with Summit for the purchase of up to six of Summit's state of the art, Apex Plus Laser Systems.
Dr. Robert Cohen, Chairman of Insight's Board of Directors, stated "Insight's purchase of these new excimer lasers strengthens our commitment to become one of the Northeast's leading providers of laser vision correction services. In addition to already having installed one such laser in its premier Trump Tower facility, the Company is readying two (2) new Centers in New York City, including a Soho location schedule to open in September. The Northeast expansion plan also anticipates at least four (4) more Centers in the near future."
Dr. Cohen further stated that "As part of Sterling's rollout of its Insight Laser Centers, it has appointed Robert Greenberg as Insight's new President and Chief Executive Officer, signaling a major step in the aggressive expansion of Sterling's laser division."
Commenting on the relationship, Robert J. Palmisano, Summit's Chief Executive Officer, stated, "Summit Technology is committed to building customer satisfaction and I believe that Sterling Vision's decision to acquire Apex Plus Systems for their Insight Laser Centers is a clear signal that we are delivering on that promise. I am delighted to have the opportunity to work with Dr. Cohen and Mr. Greenberg and I look forward to our ongoing relationship." |
