SheerVision Arranges $1 Million in Financing
25 1월 2011 - 5:17AM
Marketwired
SheerVision, Inc. (OTCBB: SVSOE), a recognized leader of advanced
surgical loupes, dental loupes, and portable headlight systems, is
pleased to announce that it has arranged long-term financing that
will allow the company to expand its operations and capabilities.
Assurance Funding Solutions LLC of Dallas, Texas has committed
to provide up to $1M in financing to help SheerVision grow to the
next level, assuring a base for future success. Assurance has
already invested almost $700,000 in funds to date towards this
commitment.
The new financing will ensure a continuation of SheerVision's
innovative product design efforts, aggressive manufacturer direct
pricing, and broaden its reputation for high-level customer support
in both domestic and international markets.
SheerVision will also use this funding to:
- Introduce an extended student financing program for medical
resident and dental student purchases.
- Build upon its lead in providing rapid fulfillment of incoming
orders through the installation of new equipment and strengthening
of inventory levels.
- Complete the launch of several new products from the company's
R&D efforts
- Bolster its services and professional staff to enhance
SheerVision's support of its International Distribution
Partners.
- Enable the company to be better able to take advantage of any
new opportunities in-house.
- Expand its working relationship with other professional
providers that have access to over 30,000 dental clients that
specialize in identifying and treating numerous diseases
worldwide.
Since its inception twelve years ago, SheerVision has developed
a client base of tens of thousands of satisfied surgeons, dentists,
dental hygienist, and veterinary professionals that use its
products daily when performing critical medical procedures
throughout the world.
SheerVision's surgical loupes and headlight systems help to
improve the quality of care for patients, while extending the
long-term health of its professional clients by providing
innovative and comfortable ergonomic solutions.
About SheerVision SheerVision designs,
markets and sells proprietary surgical loupes and headlight systems
to the dental and surgical markets. Its loupe designs include the
Signature Flip-Up Loupes, SureFit Through-The-Lens (TTL) Loupes and
its new line of EDGE High Magnification Loupes, which all provide
razor-sharp clarity, high resolution optics, and a wide field of
view that allow the wearer to discern the finest details.
The company's Infinity Ultra2™ LED and V-Ray™ Portable
Headlights are nearly twice as bright as competing LED headlights,
and is a quantum leap in technology over tethered fiber optic
models.
SheerVision's headlight and loupe products are recommended by a
leading independent non-profit dental education and product testing
foundation and its loupes were featured in the foundation's 2005
Buyer's Guide and also in the "Dental Lab Products" 2006 Buyer's
Guide as a "Best of the Best" offering.
For all product information, please call (877) 678-4274, or
visit www.sheervision.com.
Forward-Looking Statements: a number of statements contained in
this press release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
applicable statements. These risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the applicable statements. These risks and uncertainties
include, but are not limited to: the company's ability to generate
product sales and operating profits, potential vulnerability of
technology obsolescence, potential competitive products by better
capitalized companies, potential difficulty in managing growth,
dependence on key personnel, and other risks which will be
described in future company Securities and Exchange Commission
filings. SheerVision undertakes no obligation to update publicly
any forward-looking statement for any reason, except as required by
law, even as new information becomes available or other events
occur in the future.
CONTACT: SheerVision, Inc. Suzanne Lewsadder CEO (877) 678-4274
Email Contact
SheerVision (CE) (USOTC:SVSO)
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