YOKNEAM, Israel, Sept. 29 /PRNewswire-FirstCall/ -- Lumenis Ltd. (LUME.PK), a global developer, manufacturer and seller of laser and light-based devices for medical, aesthetic, ophthalmic, dental and veterinary applications, announced today that it has successfully negotiated a two-year dual-source purchase agreement with American Laser Centers (ALC). Previously, ALC purchased its lasers from Syneron Medical Ltd. as its sole source.
Wade Hampton, Lumenis’ Senior Vice President of the Americas stated, “We’re very excited about this new agreement with American Laser Centers. Lumenis has successfully partnered with other nationwide aesthetic laser companies for several years. We look forward to providing the same high level of support and quality aesthetic laser products to American Laser Centers under our new agreement. This is truly a win-win for ALC, the patients and Lumenis.”
Commenting on the new agreement, Rich Morgan, President of American Laser Centers, said, “With our recent acquisition of Advanced Laser Clinics, which included more than 70 centers equipped with Lumenis lasers and light devices, American Laser Centers achieved a national presence unlike any other aesthetic chain in the industry. Given this strong national presence, it was critical that American Laser align itself with the best, most proven and widely supported laser technology suppliers available. I am very pleased to sign this new agreement which ensures that Lumenis will be one of our laser suppliers for our national aesthetic clinics.”
About American Laser Centers
American Laser Centers is a national chain of aesthetic laser clinics offering a variety of treatments to include permanent hair reduction, skin rejuvenation and microdermabrasion. American Laser Centers recently acquired Advanced Laser Clinics, a national chain of aesthetic clinics with which Lumenis has long had an exclusive purchasing agreement. Presently over 220 Lumenis hair removal and Intense Pulse Light (IPL(TM)) systems are installed in Advanced Laser locations. With this acquisition, American Laser Centers is now the largest chain of aesthetic clinics in the U.S. For more information about American Laser Centers and its services, log onto
About Lumenis
Lumenis is a global developer, manufacturer and seller of laser and light-based devices for medical, aesthetic, ophthalmic, dental and veterinary applications. The Company offers a wide range of products along with extensive product support systems including training, education and service. Lumenis invests heavily in research and development to maintain and enhance its leading industry position. The Company holds numerous patents worldwide on its technologies. For more information about Lumenis and its products, log onto http://www.lumenis.com
Investors: Lauri Hanover: 1-866-232-6803 972-4-959-9122
The statements in this press release that are not historical facts are forward-looking statements which are subject to risks and uncertainties. The Company’s actual results could differ materially from those anticipated in the forward looking statements based on a variety of factors, including, among others: uncertainties with respect to market acceptance of the Company’s products, the implementation and outcome of our Turnaround Plan, obtaining regulatory approvals for new products or for the sale of existing products in new markets and enforcement of intellectual property rights; risks associated with competition and competitive pricing pressures, economic conditions generally, the Company’s international operations and the Company’s ability to integrate its operations with those of acquired businesses; the outcome of the Securities and Exchange Commission investigation (including the Wells Notice recently received in which the staff indicated its intention to recommend that a civil proceeding be brought seeking, among other things, injunctive relief and civil monetary penalties) and several securities class action lawsuits to which the Company is subject and the outcome of the investigation conducted by the Audit Committee; uncertainties relating to the Company’s continuing liquidity; and other risks detailed from time to time in the reports filed by Lumenis with the SEC, including its annual report on Form 10-K and quarterly reports on Form 10-Q.
Lumenis Ltd.
CONTACT: Investors: Lauri Hanover of Lumenis Ltd., +1-866-232-6803,+972-4-959-9122
Web site: http://www.lumenis.com/
