Elysee Development (PK) (USOTC:ASXSF)
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Two leaders in cosmetic dentistry, Remedent, Inc. (OTCBB: REMI) and
Den-Mat Holdings, LLC, announced today that Den-Mat has obtained the
exclusive rights to manufacture, market and distribute Remedent’s
innovative GlamSmile™ products and
technologies in North America and numerous international markets.
Terms of the agreement were not disclosed.
Den-Mat, the maker of the revolutionary LUMINEERS®
BY CERINATE® porcelain veneer laminates, will
acquire the rights to Remedent’s single-motion
veneer placement tray technology, proprietary veneer fabrication
technique, and computer imaging design and digital preview technology.
Integrating this technology will enable Den-Mat to launch LumiTray™,
a novel, one tray process for easy and efficient placement of Lumineers.
“This important agreement offers Den-Mat
access to Remedent’s next generation
technology that will further enhance the creation, precision and
placement of our high quality Lumineers and new cutting edge products
for an improved cosmetic dentistry experience for both professionals and
consumers,” said Nicholas L. Teti, Jr., Chief
Executive Officer of Den-Mat Holdings LLC. “This
strategic partnership strengthens Den-Mat as a leader in aesthetic
dentistry now and accelerates the Company into the future. We will
integrate this new digital process technology into our systems.”
Den-Mat will unveil the innovative LumiTray™
technology to dental professionals at Destination
Education November 7 – 9, 2008 in Las
Vegas, Nevada.
Guy De Vreese, Chairman of Remedent, noted, “By
combining GlamSmile™ and Lumineers with
Den-Mat’s substantial customer base and
marketing reach, our companies now have a unique opportunity to
significantly expand acceptance of our joint veneer technologies in the
global dental market. Lumineers is the recognized leader in dental
veneers and this strategic alliance with Den-Mat greatly magnifies our
ability to penetrate the US dental market, the world’s
number one dental environment, with our tray delivery system and 3D
modeling software for designing and manufacturing veneers.”
DLJ Merchant Banking Partners, a private equity investment affiliate of
Credit Suisse and owner of Den-Mat Holdings, LLC was instrumental in
bringing this agreement to a successful conclusion.
“Den-Mat’s
integration of this proprietary technology will further enhance its
aesthetic offerings and improve customer ease of use and satisfaction,”
said Ed Johnson, Managing Director and Partner, DLJ Merchant Banking
Partners. “We are very excited about the
great potential from this transaction for both Den-Mat and Remedent.”
About Remedent
Remedent, Inc. develops, manufactures and markets oral care and cosmetic
dentistry products with distribution in more than 35 countries. Based in
Deurle, Belgium and El Segundo, CA, Remedent serves both the
professional dental community and the consumer over-the-counter market.
Visit www.remedent.com for further
information.
GlamSmile is a revolutionary cosmetic dental system that
substantially expands the consumer and professional dental market for
veneers. To produce the veneers, Remedent utilizes high-tech scanning,
CAD/CAM design technology, and a proprietary fabrication technique. The
veneers are delivered to a dentist already prepared for a simple,
single-motion veneer placement. This patent-pending painless delivery
system not only dramatically lowers the dentist's cost of installation,
but also significantly reduces the amount of time patients spend in the
dental chair. The result is unprecedented pricing for veneers which
previously were only within the reach of affluent patients.
About Den-Mat Holdings, LLC
California-based Den-Mat Holdings, LLC is a leading manufacturer and
marketer of advanced cosmetic and restorative dental products and
laboratory services that allow a dentist to preserve, restore and
enhance their patient’s teeth typically
without the requirement for anesthesia, extensive cutting, drilling and
tooth removal. This revolutionary type of dentistry not only focuses on
superior esthetic results, but on patient comfort and convenience as
well.
Den-Mat’s revolutionary LUMINEERS®
BY CERINATE® are porcelain veneers that
offer a painless way to a permanently whiter and perfectly aligned
smile. LUMINEERS are the only porcelain laminates that are strong,
reversible, and have a proven record of over 20 years of clinical
success. The dentist applies these contact lens-thin veneers to teeth
without the need for the shaving and grinding down of sensitive tooth
structure that is common with traditional veneers.
Den-Mat currently has approximately 700 employees and manufactures a
complete line of more than 200 cosmetic and restorative formulations.
The company services approximately 40,000 dentists worldwide, and offers
variety of educational seminars and marketing support services for
dentists. For additional information, please visit www.denmat.com.
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients
with investment banking, private banking and asset management services
worldwide. Credit Suisse offers advisory services, comprehensive
solutions and innovative products to companies, institutional clients
and high-net worth private clients globally, as well as retail clients
in Switzerland. Credit Suisse is active in over 50 countries and employs
approximately 40,000 people. Credit Suisse's parent company, Credit
Suisse Group, is a leading global financial services company
headquartered in Zurich. Credit Suisse Group's registered shares (CSGN)
are listed in Switzerland and, in the form of American Depositary Shares
(CS), in New York. Further information about Credit Suisse can be found
at www.creditsuisse.com.