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Biotech / Medical : BioLase Technology, Inc. (BLTI) -- Ignore unavailable to you. Want to Upgrade?


To: SunFun501 who wrote (214)11/20/1997 5:25:00 PM
From: MJ Brouillette  Read Replies (1) | Respond to of 706
 
Don't you just love guys that are afraid to use their own names???

Hi SunFun501,

BLTI makes alot more than a 150 dollar toothbrush. Lets try:

BLTI PRODUCTS

Millennium - Mobile Floor System: consists of a flexible fiber-optic delivery system
and mobile floor hydro-kinetic tissue cutting system. The system contains an erbium
laser, power supply, internal cooling system, control panel and Hydro-Kinetic Tissue
Cutting System modules.

The Hydro-Kinetic Tissue Cutting System uses electromagnetic energy laser pulses to
rapidly energize and transform small atomized water droplets into smaller, high-speed
cutting particles.

The Hydro-Kinetic Tissue Cutting System employs safe, biocompatible water
particles as its cutting agent.

Through the unique water usage of the Hydro-Kinetic Tissue Cutting System, the
Millennium provides the clinician with an instrument capable of cutting both hard and
soft human tissue.

LaserBrush: is about the size of other motorized tooth brushing instruments, but
utilizes optical energy and specifically developed toothpaste compounds to illuminate
and identify bacteria, neutralize certain bacteria, clean and whiten teeth.

LaserSpray: allows the practitioner to deliver a coolant spray of air and water to
tissue sites during surgical interventions. Thermal effects resulting from high
temperatures can be significantly reduced when the LaserSpray cooling system is used
during application of laser energy.

FlavorFlow Fluid Conditioning System: utilizes patent-pending technology that
sanitizes and alters the flavor and scent of fluids typically administered and the scent of
air present during medical and dental treatments. When the FlavorFlow system is
utilized to sterilize fluids being delivered, the possibility of parasitic and bacterial
infection being introduced through fluids used during medical and dental interventions
would be significantly reduced.

Canal Finder System: patented system designed to be used in endodontic root-canal
procedures for locating and shaping root canals. It shapes and cleans root canals better
than conventional techniques and reduces tooth trauma and assures a more successful
root-canal procedure with less risk of infection.

Other Endodontic Products: a full range of proprietary and non-proprietary products
used by dentists and endodontic specialists is offered. By offering a wide assortment of
products to the dentist and endodontist the company is better positioned to cross-sell
products, increase its sales per sales call, and provide a full-service image to its
customers.



To: SunFun501 who wrote (214)11/20/1997 10:30:00 PM
From: Gurupup  Read Replies (1) | Respond to of 706
 
This company has been long on promise and short on delivery for a year. I believe that in next 4 weeks we will see some major news that will bring attention to this stock, either in terms of new FDA approvals, Laser Brush finally coming, new orders for the Millenium.

There will be no new financings in the forseeable future, or existing shareholders will riot. They have the best product on the market, and I think we will see some postive forward looking statements soon. I really like the management, and I know their product, but if you are a new shareholder or contemplating being one, wait for positive news.



To: SunFun501 who wrote (214)11/20/1997 11:20:00 PM
From: JanyBlueEyes  Read Replies (1) | Respond to of 706
 
The 10Q's and 10K's have alot of info - check it out:

exchange2000.com - From the most recent 10Q:

The Company expects to generate the necessary capital resources through the revenue generated by its new products, the issuance of equity securities in either public offerings or private placements, or debt financing.

From exchange2000.com

Their current quarter should come in over $1 million in revenues, an increase of 60% to 100% is likely. If LaserBrush gets to market in Jan., 1998, we could easily see an additional 100% rise in revenues in 1Q, '98

LEGAL PROCEEDINGS

From the most recent 10Q:

...Company filed an amended complaint in the United States District Court for the Central District of California, Southern Division, in an action entitled BioLase Technology, Inc. v. Rudolf Schneider. In this action, the Company is seeking to recover from a former distributor

(i) lost profits alleged to be no less than $500,000 attributable to the former distributor's failure to perform its obligations, particularly its commitment to purchase minimum quantities of products, pursuant to the distribution agreement between the Company and this distributor, and

(ii) $96,000 in amounts owed to the Company by this former distributor for goods sold and delivered and services performed by the Company. The defendant has not yet answered the complaint, which the Company is attempting to serve through established international procedures.

From time to time, the Company is involved in legal proceedings incidental to its business. It is management's opinion that pending actions, individually and in the aggregate, will not have a material adverse effect on the Company's financial condition, and that adequate provision has been made for the resolution of such actions and proceedings.

From the 10K: edgar.whowhere.com

1992: The compliant sought damages in excess of $250,000 based upon claims of negligence, product liability, breach of express and implied warranties, and violation of the consumer provisions of the Texas Deceptive Trade Practices Act, arising out of the Company's April 1992 sale of a Laser-35 to the plaintiff. On March 3, 1997, the Company agreed to pay the plaintiff $50,000 and the plaintiff agreed to return the subject Laser-35 to the Company.

1995: ....The plaintiff alleges that she underwent laser dental surgery with a laser allegedly produced by the Company and seeks unspecified damages from the Company on theories of product liability, based on allegations that the laser was defective by reason of design, manufacture and lack of product warnings. The Company has answered the complaint, denying the majority of plaintiff's material factual allegations and asserting various affirmative defenses. The Company is vigorously contesting liability. The case has not yet been set for trial, and discovery is ongoing. The Company believes that liability, should there be any resulting from plaintiff's claims, would be covered by insurance. (FLS)

1994: This action involves a third-party claim against the Company in a suit in which a dentist, who was the lessee of a dental laser system manufactured by the Company, had been sued for breach of the equipment lease by the financing institution that was the lessor.
.......The third-party claim against the Company in this action is for $78,408 in compensatory damage, $15,000 in lost profits, $50,000 in punitive damages, and attorney's fees and related costs. The Company intends to defend against the claims vigorously. The case has been inactive since the third-party plaintiff filed for protection under the U.S. Bankruptcy Law on July 10, 1995.