IRVINE, CALIF. (Feb. 27) BW HEALTHWIRE -Feb. 27, 1998--Premier Laser
Systems Inc. (Nasdaq NM:PLSIA) announced today that it has agreed with
Sacramento-based Ophthalmic Imaging Systems (Nasdaq:OISI) that
Premier's tender offer for OIS' stock will commence promptly following
the effectiveness of Premier's related registration statement. Premier
intends to file the registration next week in order to register common
stock, and common stock underlying warrants, to be offered to OIS'
shareholders. As previously announced, Premier intends to offer, in
return for each share of OIS tendered, $1.75 in cash, $0.25 in Premier
stock and two warrants, each of which permit the holder to acquire
$0.25 worth of stock for a nominal purchase price if OIS meets certain
future revenue goals.
OIS is engaged in the business of designing, developing, manufacturing
and marketing digital imaging systems and image enhancement and
analysis software for use by practitioners in the ocular health field.
Premier Laser Systems develops, manufactures and markets several lines
of proprietary medical lasers, fiber optic delivery systems, corneal
topography systems and associated products and services for a variety
of dental, ophthalmic and surgical applications.
CONTACT: Allen & Caron Inc
Matt Clawson (investors)
Owen Daley (media)
714/252-8440 |
