Sales update
08 Junho 2009 - 3:00AM
UK Regulatory
TIDMCUS
RNS Number : 4935T
CustomVis plc
08 June 2009
8 June 2009
CUSTOMVIS PLC
("CustomVis" or "the Group")
Sales Update
CustomVis (AIM: CUS), the leading developer, manufacturer and distributor of
solid state laser systems for the refractive surgical industry is pleased to
announce it has signed five new sales contracts for its Pulzar Z1 laser, since
last updating the market on 11 May 2009.
Four of the lasers have been sold to clinics in Iraq, while the fifth becomes
the Group's first sale into Argentina. Both markets represent substantial
opportunities for CustomVis. The Group has received an up-front cash payment for
the full amount for one of the Iraqi lasers. This money was received on 1 June
2009, with the laser being shipped on 5 June 2009. It is expected that this
laser will be installed ahead of the 30 June 2009 year end, making it eligible
for recognition in the current year's trading, according to the Group's
accounting policy. The other four contracts will be satisfied by
instalment-based payments but with higher deposits than in the past. Deposits
have already been received for these sales contracts.
Installations of the remaining four lasers are expected to take place in Q1 of
the Group's 2009/10 financial year.
Paul van Saarloos, CEO of CustomVis, commented, "As we begin to demonstrate the
superiority of the Pulzar Z1 against existing laser systems in the market, we
are beginning to witness greater traction with our sales pipeline. Furthermore,
we are now receiving upfront cash payments which, as well as greatly helping
cash flow, further support the market leading quality of our laser."
-ends-
For further information, please contact:
CustomVis plc
Simon Carroll, Chairman
+61 419 304 906
Paul van Saarloos, CEO +61 410
497 456
John East & Partners Limited
(A subsidiary of Merchant Securities plc)
David Worlidge020 7628 2200
Leander PR
Christian Taylor-Wilkinson
07795 168 157
This information is provided by RNS
The company news service from the London Stock Exchange
END
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