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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (2865)	8/27/2003 11:53:38 PM
From: Sergio H	Read Replies (2) \| Respond to of 23958

Ken, please extend an invitation to Ian to post his views on BLTIe.

To: Ken W who wrote (2865)	8/28/2003 11:21:49 AM
From: upndn	Read Replies (1) \| Respond to of 23958

Perhaps you all didn't see this; BIOLASE Technology Reports Update via COMTEX August 26, 2003 SAN CLEMENTE, Calif., Aug 26, 2003 /PRNewswire-FirstCall via COMTEX/ -- BIOLASE Technology, Inc. (Nasdaq: BLTIE), today provided an update to its press release of August 7, 2003 in which it announced that it was seeking the guidance of the SEC on a technical matter involving its purchase order forms and their possible effect on revenue recognition. The Company has submitted a request to the SEC as it said it would do to clarify the revenue recognition issue and has been in communication with the SEC on the matter. The Company expects to receive a response this week. The Company will be able to file its Quarterly Report on Form 10-Q once it resolves the matter and is able to determine whether or not it will adjust prior period financial reports. As a result of not being able to file its Quarterly Report on Form 10-Q on time, Nasdaq has placed the symbol 'E'at the end of the Company's ticker symbol. This is an administrative action by Nasdaq and the Company expects the 'E'will be removed when the Company submits its report for the second quarter. As stated in its press release of August 7, the Company anticipates that, if any prior period adjustment of financial reports due to revenue recognition is needed, the effect would likely be to shift revenue and earnings from prior periods into subsequent periods due to the Company's growth. Because the underlying language in the business forms that raised the accounting question has been eliminated, the Company also anticipates that the revenue deferral would reverse this year, providing a one-time positive impact. Jeff Jones, President and Chief Executive Officer, stated: 'We believe getting direction from the SEC on this matter was the right course of action. Unfortunately we will not be able to complete our filings for both the second quarter and for our public offering until we get resolution. We appreciate the patience of our stockholders during this time and want to assure them that we have been and will continue to do everything we can to expedite the process.' I'm guessing the E won't be around very long. Cheers, Jim