MERCERVILLE, N.J., May 30, 2012 (GLOBE NEWSWIRE) -- Laser Energetics, Inc. (Pink Sheets:LNGT) today reported that Ray Dirks has joined the company as a Senior Advisor. Mr. Dirks comes to Laser Energetics with decades of Wall Street experience as a senior level research analyst.
Mr. Dirks stated, "I'm extremely excited to be working with Laser Energetics, and I look forward to letting as many people as possible know about this emerging and diversified Laser Technology Company. In addition, I am excited about helping them navigate the process to become a fully reporting company on a larger exchange."
Robert D. Battis, Founder, President and CEO of Laser Energetics, Inc., stated, "Mr. Dirks is a man of integrity who brings us decades of experience and contacts on Wall Street that Laser Energetics can benefit from as we advance our products to commercial production. In addition, his experience and advice to a young public 'growth' company, will bring great value near term to all our shareholders."
Ray Dirks came to Wall Street with Goldman, Sachs & Co. in 1963 where he was established as the leading insurance stock analyst dealing with institutional investors and high - net worth investors both in the U.S. and internationally.
Mr. Dirks is highly respected with years of experience. His stock market research includes Healthcare Stocks, Special Situations including Heavily Shorted Stocks, an area where Ray became widely known as the founder and principal researcher of The ShortBusters Club. Ray currently is at the helm of both Ray Dirks Research, which publishes articles on small emerging companies that harbor groundbreaking technology, as well as CP Reports. Mr. Dirks has written two books," The Great Wall Street Scandal" and "Heads You Win, Tails You Win", published by McGraw-Hill and Bantam Books respectively. He continues to provide research to institutions and individuals, and he manages money for some individual investors.
About Laser Energetics, Inc.: 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. The Company has had a primary focus on its Alexandrite laser technology.
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 who 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.