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Technology Stocks : PlanetRx.com Inc-(PLRX)

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To: Mohan Marette who wrote ()1/19/2000 8:18:00 AM
From: phil  Read Replies (1) of 79
 
PlanetRx.com Shows Vision by Adding Contact Lenses and Eye Care Products To Product Mix

Lens Express Becomes Premier Provider of Eye Care Products for PlanetRx.com


January 19, 2000 06:00 AM
SOUTH SAN FRANCISCO, Calif., Jan. 19 /PRNewswire/ -- PlanetRx.com PLRX , a leading Internet healthcare destination, today announced that Lens Express, Inc., a leading contact lens replacement and eye care product and service direct retailer, will become the premier provider of contact lenses, sunglasses, reading glasses, eye care solutions and accessories for PlanetRx.com's new Vision Care Center. The deal gives PlanetRx.com access to the approximately 13 billion dollar a year U.S. eye care market.
PlanetRx.com's new Vision Care Center offers customers the convenience of ordering eye care products online while purchasing other health and beauty products and prescriptions at the Internet healthcare site. A full line of contact lenses and other eye care products will be available on the PlanetRx.com site in early February 2000, with sunglasses and reading glasses to be added to the product selection later in the year.

"Our relationship with Lens Express further enhances the quality experience and product selection we strive to give our customers," said William J. Razzouk, chairman and CEO, PlanetRx.com. "We are delighted to expand our product line to offer contact lenses and other eye care products to our customers."

"We are very pleased with our relationship with PlanetRx.com," said Mendo Akdag, president, Lens Express. "Giving customers the ability to order contact lenses on their web site is a natural extension to their product offerings. PlanetRx.com continues to be a leading healthcare site because they continuously enhance the convenient and helpful online shopping experience they have already created."

About Lens Express

Lens Express, Inc., founded in 1986, is one of the leading direct mail contact lens replacement companies in the U.S. Lens Express, a subsidiary of Summit Technology, Inc. is headquartered in Deerfield Beach, Florida. The company sells a complete selection of contact lenses, sunglasses, reading glasses, accessories and other vision care products and services on the Internet, by telephone at 1-800-USA-Lens, and by mail order. More information about the company can be obtained on its web site at www.lensexpress.com.

Summit Technology, Inc.

Cautionary Statement under "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this report contain information about the Company's future business prospects. These statements may be considered "forward-looking." These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. Among these risks and uncertainties are: competition from other manufacturers and vision correction technologies, delays in obtaining regulatory approvals, challenges to patents owned and licensed by the Company affecting per procedure revenues and adverse litigation results. For additional information and risks associated with the Company's business prospects, and future operating results, please refer to Summit's public filings with the Securities and Exchange Commission.

About PlanetRx.com

PlanetRx.com, Inc. (www.planetrx.com) a leading Internet healthcare destination for commerce, content and community, delivers a convenient, personalized and informed health and beauty shopping experience. With products ranging from prescriptions to personal care items to the latest medical information, PlanetRx.com gives consumers the ability to manage their own healthcare in a convenient and secure environment. PlanetRx.com is one of four online pharmacies to have received the Verified Internet Pharmacy Practice Sites (VIPPS) seal of approval from The National Association of Boards of Pharmacy (NABP). Headquartered in South San Francisco, the company operates its own pharmacy and distribution center in Memphis, Tennessee to ensure the highest quality customer care.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding PlanetRx.com's expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this document are based upon information available to PlanetRx.com as of the date hereof, and PlanetRx.com assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to PlanetRx.com's business are set forth in PlanetRx.com's Form S-1, as amended and filed with the Securities and Exchange Commission on July 8, 1999, and the other reports filed from time to time with the Securities and Exchange Commission.

CONTACT: Bryan Cohen of Niehaus Ryan Wong PR, 650-827-7066, or bryan@nrwpr.com, for PlanetRx.com, Inc.; or Deborah Kania, Marketing and Public Relations Director of Lens Express, Inc., 954-421-5800, ext. 7840, or dkania@lensexp.com; or Kate Sturgis Burnham, Director, Investor Relations & Corporate Communications of Summit Technology, Inc., 781-672-0517, or kate.burnham@sum-tech.com

SOURCE PlanetRx.com, Inc.




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