BLTI news. Timely hmmm...
Thursday December 13, 4:00 am Eastern Time
Press Release
SOURCE: BIOLASE Technology, Inc.
BIOLASE Projects Record Fourth Quarter Sales
SAN CLEMENTE, Calif., Dec. 13 /PRNewswire/ -- BIOLASE Technology, Inc. (Nasdaq: BLTI - news), a medical technology
company focused on the dental laser market, today announced that sales for the fourth quarter of 2001 are projected to exceed
$5.25 million (most recent analyst projection).
The Company announced that orders and shipments of both the Waterlase(TM) and the LaserSmile(TM) systems continue to
increase despite setbacks caused by the weakened U.S. economy and the cancellation of two important selling events during the
quarter. The California Dental Association's Scientific Fall Session/San Francisco and the genR8Tnext meeting/Las Vegas, both
scheduled for September 13-16, were cancelled as a result of the September 11 terrorist attacks.
``Our sales continue to grow and we expect the three months ending December 31, 2001 to be another record-setting quarter.
Our strong sales are a testament to our superior technology and to a growing acceptance of our products by the dental
community,'' commented Jeffrey W. Jones, BIOLASE president and CEO. ``We are closing out the fourth quarter on a strong
note, and BIOLASE remains positioned for dynamic growth despite economic concerns. We expect demand for dental laser
technology to continue to grow as professionals become increasingly aware of and attracted to the numerous revenue and clinical
benefits afforded by our technology.''
About BIOLASE
BIOLASE Technology, Inc. (www.biolase.com ) is a medical technology company that manufactures and markets advanced
dental, cosmetic, aesthetic and surgical products, including Waterlase (HydroKinetic®) surgical cutting systems and other
advanced laser and non-laser products for the medical market. The company's products incorporate patented and patent-pending
technologies in the pursuit of painless surgery. BIOLASE is a leading provider of painless hard and soft tissue dental laser
technology.
The matters discussed in this news release include forward-looking statements that are subject to various risks, uncertainties and
other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements.
Such risks, uncertainties and other factors include, but are not limited to, the effect of actions of third parties, including
governmental officials, the timely development and acceptance of new products, the impact of competitive products and pricing,
and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the
reports on Forms 10-K and 10-Q. Actual results may differ materially from those projected. These forward-looking statements
represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to
update these forward-looking statements. |
