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Lasik America, Inc., Positioned in Laser Vision and Dialysis Industry Medical Technology Sectors
by
Anonymous
POINT ROBERTS, WA May 28, 2004 - www.Investorideas.com is pleased to announce Lasik America, Inc. (OTCBB: LSIK.OB www.LasikAmerica.net) has retained its services to profile and feature the company on its global investor portal, InvestorIdeas.com at: /Medical_Technology/Default.asp.
The medical technology company operates a medical facility in Albuquerque, New Mexico, providing laser vision correction surgery procedures and has now implemented a "growth through acquisition" strategy in the medical technology field. LSIK recently acquired Salus Holdings, a New York-based company that operates a kidney dialysis business near Rome, Italy, which will commence operations next month. The acquisition broadens LSIK's business model and offers a foothold in the European marketplace.
The acquisition of Salus also brings with it a new Chairman and CEO, Ernest B. Remo, whose previous experience as Chairman of one of the largest refractive providers in North America, with revenues of over $60 million and the originators of the popular priced lasik model will enhance management's ability to roll out an expansion model.
In addition to expanding the lasik model, the Company feels that the dynamic growth offered by the entry into the dialysis field through its acquisition and expansion strategy, first in Europe, and then in North America will make Lasik America a dynamic provider of medical services. The demand for dialysis service is expanding worldwide by almost 10% per year and the Company and industry experts feel that this trend will continue.
The company's laser eye surgery center currently has the capacity to perform 100 procedures per week using excimer lasers to treat such common refractive vision disorders as myopia, hyperopia and astigmatism.
Lasik's founder and President, Dr. Howard P. Silverman has been actively involved in a private consulting business designed to address the capital and corporate structural needs of companies in the ophthalmic and vision correction industries. LSIK management also has extensive experience in financial management and investment banking. It is rare that a company of this size has expertise in both areas. Management believes that the company's core New Mexico facility provides an excellent foundation for future expansion. Fiscal year 2003 revenues for Lasik were in excess of $1.4 million.
Industry consultant MarketScope estimates that approximately 50 million Americans (100 million procedures) are candidates for laser vision correction. The American Academy of Ophthalmology estimates that more than 63 million people in the U.S. are candidates for some type of refractive surgery"
Source: http://www.optistock.com/mw/2003_09all.htm
The industry research pages include news, industry links, research links, and list of public companies. /Medical_Technology/Default.asp
Our current list of stocks in Medical Technology: Eyecare / kidney dialysis industry: /Medical_Technology/Stock_List.asp
ECON offer clients customized, comprehensive corporate IR/PR programs, corporate strategies and industry research within specific sectors. LSIK is currently a paying client of ECON.
Disclaimer: /About/Disclaimer.asp /About/News/Clientspecifics.asp
SOURCE: Investorideas.com
For more information contact:
Dawn Van Zant 800-665-0411 Trevor Ruehs 866-730-1151
Email: dvanzant@investorideas.com or truehs@investorideas.com
Web Site: http://www.InvestorIdeas.com
ECON Investor Relations, Inc., (ECON Corporate Services) is a privately owned corporate communications company specializing in investor relations, media relations and research in public companies and industry sectors for the investment community. Nothing on the site should be construed as an offer or solicitation to buy or sell any specific products or securities.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements. Lasik America, Inc - (OTCBB: LSIK) www.LasikAmerica.net
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