MERCERVILLE, N.J., Sept. 15, 2010 (GLOBE NEWSWIRE) -- Laser Energetics, Inc. (Pink Sheets:LNGT) today reported that it has entered into a strategic alliance with Government Capital Corporation of Texas to provide lease financing to customers of Laser Energetics for the purchase of the Company's Dazer Laser® ocular distraction devices. Government Capital Corporation is a leading public finance firm offering its clients a broad range of public financing solutions, having closed over 5,000 financings nationwide to both commercial and government entities.
Robert D. Battis, Founder, President & CEO of Laser Energetics states, "We have enhanced in a major way, the sales process for the roll-out of the Dazer Laser®. Previously, if an agency or municipality did not have the cash in its budget, it was unable to purchase the Dazer Laser®. Now, we can make available to these customers the ability to finance as many of the Dazer Lasers® as they require, from months to years on beneficial terms. In addition the customer will be able to purchase without payments for the first year. This strategic financial alliance is key to our addressing the needs of our customers' requests for financial support which will help them to acquire the Dazer Lasers® they so much want to deploy.
"With Government Capital Corporation strategically teamed with Laser Energetics, this financing tool will pave the way for John J. Harvey, Jr., Vice President of the Company's Dazer Laser Strategic Business Unit, to rapidly increase the rate of sales in the coming weeks and months. Stay tuned for more great news," concluded Battis.
About Laser Energetics, Inc.: The Company has a primary focus on its Dazer Laser® – Light Fighting Technologies, the "Ultimate Non-Lethal – Less Violent®" Weapons Serving Humanity, its Alexandrite Laser technology and its applications associated with Remote Sensing, Pill Marking, and Photo Acoustic Imaging, as well as its Total Reflectance Transmitter (TRT) technology. Laser Energetics has and continues to develop a comprehensive and strategic laser product line that addresses laser applications in Industry, Science, Medicine, Homeland Security and the Military.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.