SOURCE: Laser Energetics, Inc.
MERCERVILLE, NJ--(Marketwire - Jul 25, 2012) - Laser Energetics, Inc. (PINKSHEETS: LNGT) today reported that Michael Volpe has joined the Company as a Senior Advisor as part of the Company's investor relations program. Mr. Volpe comes to Laser Energetics with 25 years of Wall Street experience as a senior level branch manager from Josepthal & Co. and Oppenheimer & Co. Volpe will be part of a coordinated effort, together with Ray Dirks and Michael Little, to expand the Company's shareholder base and to elicit investor interest in the Company.
Mr. Volpe stated, "I'm extremely excited about this tremendous opportunity to support Robert Battis and the Laser Energetics team. I look forward to alerting the many people I know about this very impressive, diversified, and emerging Laser Technology Company. I'm excited as well about helping LEI navigate the process to become a fully reporting company on a larger exchange.
Volpe continued, "I have worked with Mike Little and Ray Dirks in the past and together our collective talents will help to bring the attention to this company it deserves with the imminent news that will make investors happy.
Robert D. Battis, Founder, President and CEO of Laser Energetics, Inc., stated, "Mr. Volpe is a man of integrity who brings us decades of experience working with micro and small cap companies on Wall Street. Laser Energetics can benefit from his publicly traded company experience as LEI advances its products to commercial production. In addition, his experience and advice to an early stage public 'growth' company will bring great value near term to all our shareholders."
Michael Volpe spent over 18 years with Josepthal & Co. and Oppenheimer & Co. where he served as a Producing Branch Manager. He oversaw sales, recruiting, and financial advisor supervision on a daily basis. He has extensive exposure to high net worth retail clientele as well as institutional customers. Mr. Volpe was routinely involved with all aspects of his firm's capital markets, including investment banking, IPO's, and equity sales and trading. Volpe graduated from Rutgers University in May 1988 with a BS in Economics and enjoyed a 4 year scholarship as an NCAA Football player "Quarterback" for the Rutgers University Scarlet Knights.
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.