CUS Customvis

 

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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