Candela to Seek Stockholder Approval Prior to Certain Issuances of Preferred Stock

WAYLAND, Mass.--(BUSINESS WIRE)--Candela Corporation (NASDAQ: CLZR) announced today that, if its stockholders authorize the proposed amendment to its certificate of incorporation to authorize blank-check preferred stock at Candela’s annual meeting of stockholders on December 12, 2008, then Candela will not issue any shares of preferred stock having rights, preferences, or privileges superior to its common stock without the prior approval of Candela’s common stockholders (other than any issuance of preferred stock pursuant to the terms of a stockholders rights plan, if any, whereby the rights to purchase preferred stock would have been distributed to Candela’s common stockholders on a pro rata basis in accordance with the terms of any such plan). Candela also confirmed that it does not presently have any intention, plan, understanding, arrangement, or agreement to issue any shares of preferred stock.