Anybody notice the BNHC news? Besides FWHT, CDNO is another house pick that is doing well today.
03/07 09:14 BusinessNet Holdings Corp. Announces National Launch of New
Product <BNHC.OB>
BusinessNet Holdings Corp. Announces National Launch of New Product Line by
Its EyeAmerica, Inc. Subsidiary
MIDLAND PARK, N.J., March 7 /PRNewswire/ -- BusinessNet Holdings Corp. (OTC: BNHC) announced today that its EyeAmerica, Inc. subsidiary will be launching a national marketing campaign for its revolutionary "SOLERA(TM) " line of photochromic eyeglass lenses at the International Vision Expo to be held later this month at the Jacob Javits Convention Center in New York City. EyeAmerica, Inc., (formerly Chemko Optical Supplies, Inc.) is an optical chemicals manufacturer that recently developed and was awarded the first (and only) process patent that allows the conversion of plastic CR-39 lenses into photochromic lenses. The Company, based in Hudson, FL, was acquired by BusinessNet in January, 2000, and an additional optical laboratory, production and warehouse facility in Boca Raton, FL was acquired in February, 2000.
The CR-39 plastic lenses, renowned for their durability and optical precision, represent 57% of all lenses sold in the United States with about $4.6 billion in retail sales in 1998. Photochromic tinting permits lenses to change shade and darken as brightness levels increase, and provide comfort from glare. Until the application of the Company's process chemistry to the more widely available CR-39 lens, photochromic tinting was restricted to inferior polycarbonate and glass lenses, and color choices solely in gray or brown. About 15.5% of all lenses processed in the United States, or $1.3 billion at retail in 1998, are photochromic lenses, with a compound growth rate of 12% per year (by pairs sold). The EyeAmerica photochromic patent substantially expands the market for photochromic lenses to the most popular plastic lenses and a full spectrum of fashion colors. The founder of the Company, George Kohan, has been an optical industry pioneer for 40 years. Mr. Kohan created the first one-hour eye wear company, later sold to Pearle Vision in 1970.
For More Information:
BUSINESSNET HOLDINGS CORP.
Leslie Bocskor
201 493-0248 SOURCE BusinessNet Holdings Corp.
-0- 03/07/2000
/CONTACT: Leslie Bocskor of BUSINESSNET HOLDINGS CORP., 201-493-0248/ -- NETU016 -- 3841 03/07/2000 08:59 EST prnewswire.com Copyright PR Newswire 1998. All rights reserved. |
