Laser Technology, Inc., Special Committee Announces Proposals are Inadequate.

Publication: PR Newswire

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COPYRIGHT 2002 PR Newswire Association LLC

Laser Technology, Inc. , a leading designer, manufacturer and marketer of pulse laser measuring systems for a variety of commercial and consumer applications, announced that recent proposals to acquire Laser Technology, Inc., from "The Williams Group" and Decatur Electronics, Inc., are inadequate.

On September 26, 2002, a Schedule 13D was filed with the SEC by David Williams, former President of Laser Technology, on behalf of a shareholder group ("The Williams Group"). Included in the group filing the Schedule 13D are three of our current directors, Jeremy G. Dunne, H. Deworth Williams and Edward F. Cowle, and Pamela Sevy our former CFO. The group proposed to acquire all tangible and intangible assets,...

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