Can we please start moving up, now?
100 Percent Of Lasertechnics Variable Price Convertible Securities Redeemed Or Retired
CARROLLTON, Texas, Jan. 14 /PRNewswire/ -- Lasertechnics, Inc. (Nasdaq: LASX - news) said it redeemed, restructured or converted 100 percent of its March 1996 Debentures, Series B Debentures, Series D Preferred Stock and Series F Preferred Stock, all of which were convertible into the company's common stock.
In the aggregate, these transactions have minimized potential dilution of common stock, and increased equity, both positive developments for the company, a spokesperson said.
Lasertechnics, Inc., founded in 1981, consists of two operating subsidiaries: (1) Sandia Imaging Systems, Inc. of Carrollton, TX (majority- owned) which produces fraud-resistant wallet-size ID cards, assembles and sells dye-sublimation card printers, and designs and markets turnkey corporate security systems; and (2) Lasertechnics Marking Corporation of Albuquerque, NM (wholly-owned) which provides laser marking systems and related technologies for a diverse range of industrial and commercial markets.
This press release includes ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the industries served by the company and its subsidiaries, conditions affecting the company's customers and suppliers, competitor responses to the company's products and services, the overall market acceptance of such products and services, and other factors disclosed in the company's Annual Report on Form 10KSB for the year ended Dec. 31, 1996 and all of the company's subsequent Quarterly Reports on Form 10QSB through September 30, 1997. Accordingly, although the company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.
SOURCE: Lasertechnics, Inc. |
