Company Press Release ********* NEWS *********************
SOURCE: Donner Corp. International
Donner Corp. International Issues Speculative Buy Recommendation on Lancer Orthodontics
SANTA ANA, Calif., April 22 /PRNewswire/ -- The following is being issued by Donner Corp. International, a member of the National Association of Securities Dealers, CRD number 37702:
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today issued a Speculative Buy Recommendation on Lancer Orthodontics (Nasdaq: LANZ - news), San Marcos, Calif., and initiated coverage on the Company, which develops, manufactures and distributes high-quality, state-of- the-art orthodontic products designed to fix malocclusions (crooked teeth).
In the report, Donner Corp. said Lancer Orthodontics has in the past provided its shareholders six consecutive years of profits and, while the current fiscal year is not yet profitable, increased foreign sales, significant manufacturing improvements and high margin sales to distributors should allow Lancer to be able to continue this record.
The Donner report emphasized that Lancer Orthodontics is committed to strengthening its presence not only in the orthodontics market but also the restorative dental market and that the Company is spending research and development funds to significantly grow its Dental Division.
Lancer is a unique entity that has forged a number of strategic alliances in the orthodontic market that give it great potential worldwide, the Donner report says. ''The expanding worldwide demand for increasingly efficient orthodontic products creates an attractive growth environment for Lancer Orthodontics,'' the report said.
The report concludes that the stock is undervalued and trading considerably below its February 28th, 1999 book value of $1.57 per share.
Copies of the report are available from Donner Corporation at 800/324-6050.
SOURCE: Donner Corp. International
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