New Name and Headquarters for Laser Photonics

Laser Photonics Inc>.'s (Radnor, PA) common stock has been approved for listing on the Nasdaq SmallCap market under the new symbol PHMD, effective Wednesday, May 10, 2000. Pending approval from the board of directors, the company will change its name from Laser Photonics Inc. to PhotoMedex Inc., effective upon shareholder ratification at its upcoming Shareholder Meeting anticipated to be held in June 2000.

The company has relocated its corporate headquarters to Radnor, PA from Carlsbad, CA. In addition, Laser Photonics is selling the assets related to the Orlando, FL and Wilmington, MA business operations, both of which produced non-excimer laser products and were not related to the company's current business strategy of focusing on proprietary excimer laser and fiber optic systems for medical applications.

Edited by Kristin Keiser