Remedent, Inc. (OTCBB: REMI), an international company specializing
in the research, development, and manufacturing of oral care and
cosmetic dentistry products, has introduced GlamStrip(TM), a
proprietary, patent-pending device for the swift and easy placement
of the company's world renowned GlamSmile dental veneers.
GlamStip represents an evolutionary alternative to the company's
original tray technology by allowing for easier and more accurate
placement of less than a full set of dental veneers. The original
tray is marketed worldwide by Remedent and its major distributors
and marketing partners, including GlamSmile Australia and GlamSmile
China. In the United States, Den-Mat Holdings LLC, the world's
largest producer and distributor of dental veneers, markets the
tray under the Lumitray brand for placing Remedent-designed
veneers.
The ultra-thin GlamStrip virtually eliminates all placement
guesswork and insures the highest quality placement in one singular
motion. This makes the new strip ideally suited for placing as few
as two veneers at a time, which can expand the usefulness and
potential application of Remedent's GlamSmile dental veneers. The
new technology also makes it less costly to deliver a veneer
application kit to the dentist.
Remedent and Den-Mat have revised their distribution agreement
to provide Den-Mat with an option to manufacture and distribute
GlamStip and make it available to more than 10,000 U.S. dentists in
Den-Mat's network. Upon exercise of its option, Den-Mat will commit
to certain minimum purchase requirements of GlamSmile veneer-loaded
LumiTrays or GlamStrips annually with combined volume and pricing
requirements similar to their previous agreement with Remedent.
(The brand name Den-Mat will use for the strip in the U.S. has yet
to be determined.)
"The revolutionary features and benefits GlamStrip offers both
dentists and consumers maintains our leadership as the most
innovative provider of professional dental solutions," said Guy De
Vreese, CEO of Remedent. "About 60% of dentists currently offer
veneers, and we believe the advantages of this new device will
expand the market for this procedure. In this current economy,
consumers are looking to less expensive alternatives, while
dentists want to attract more business and improve their bottom
line. Dentists also appreciate new technologies that make their
jobs easier. GlamStrip promises all this and more."
Steve Ziskind, the CEO of Den-Mat, added: "We found it amazing
how well the new strip performs for seating individual veneers in
smaller groups of two to three, and can see how this has the
potential to dramatically expand the market potential of our
approach to applying dental veneers. We expect this new technology,
which takes virtually no training, to be enthusiastically adopted
by our network of LUMINEER dentists and build upon the success of
our LumiTray system."
The GlamSmile dental veneer system represents a major
advancement in cosmetic dentistry by creating perfect,
easy-to-apply dental veneers. First proven in Europe and debuting
in the United States in the fall of 2007, GlamSmile revolutionizes
the traditional one-at-a-time, trial-and-error method of applying
dental veneers. Along with economic benefits for both patients and
dentists, the new technology addresses an expanding multi-billion
global market for dental veneers, while promising to change the way
cosmetic dentistry is practiced today.
GlamSmile is very different than traditional methods of creating
and applying veneers. The GlamSmile method requires no painful
reshaping of teeth or temporary placements like the traditional
methods. This unique feature plus other elements of the design
results in less mouth trauma and fewer office visits to
complete.
Similar to Remedent's recently introduced FirstFit technology
for bridges and crowns (which will also be marketed in the U.S. by
Den-Mat), the GlamSmile system involves a simple process made
possible by Remedent's proprietary computerized dental laboratory
workstation.
To create a new set of veneers, the dentist simply makes a
standard dental impression of the patient's teeth, which means no
investment in specialized equipment or training is required by the
dentist. All production is done offsite by highly trained dental
technicians at an authorized Remedent facility.
The dentist simply ships a single patient dental impression to a
regional Remedent dental laboratory where it is digitally scanned
into Remedent's proprietary CAD/CAM 3D modeling program. This
state-of-the-art computerized system replaces the traditional,
hand-crafted wax model methods, and allows technicians to work
faster and more intuitively to produce dental veneers with
exceptional quality and precision, as well as exceptional
thinness.
Traditional veneers, which are created entirely by hand, are
thicker, and therefore typically require 0.8 mm to 2.0 mm of
healthy tooth structure to be removed before taking a second
impression required for the dental lab. Otherwise, the veneers will
extend the lips of the patient and create a full mouth or
horse-like appearance. However, with the contact lens-thin
GlamSmile veneer, no sensitive tooth enamel is removed and only
about 0.3 mm is added to the surface of the tooth. This makes the
GlamSmile process virtually painless and less time consuming, and
reduces a number of risks, like potential infections or human
error. This also means only one dental impression is required with
GlamSmile, and the exceptional thinness results in a better overall
appearance.
Once the GlamSmile veneers have been produced and adhered to the
custom-formed polymer-based tray or strip device by the lab
technician, a complete turn-key installation kit is returned to the
dentist. The kit virtually eliminates all placement guesswork and
insures the highest quality placement in one singular motion. Since
all the veneers are applied at once, rather than painstakingly
placed one-at-a-time, a dentist can expertly seat a full set of 10
ultra-thin custom GlamSmile veneers with the tray device in less
than an hour, as compared to more than nine hours with traditional
methods. The strip device makes quick and accurate work when just
one or two veneers are needed to be applied.
For the dentist, the reduction in patient hours and more precise
placement translates into higher revenues per chair hour, fewer
complications, and better results for their patients. And at as
little as one-third the cost of traditional veneers, GlamSmile
attracts more business to the dentist.
Developed by the company's dental research laboratories in
Deurle, Belgium, Remedent plans to offer the new GlamStrip on a
worldwide basis, directly and through exclusive distributors,
beginning in the fall of 2009. For more information, visit
www.remedent.com.
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 is a unit of DLJ Merchant Banking
Partners, a private equity investment affiliate of Credit Suisse.
For additional information, 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.
About Remedent
Remedent, Inc. specializes in the research, development,
manufacturing and marketing of oral care and cosmetic dentistry
products. The company serves the professional dental industry with
breakthrough technology for dental veneers, bridges and crowns
which are recognized worldwide for their technological superiority
and ease-of-application. These products are supported by a line of
professional veneer whitening and teeth sensitivity solutions.
Headquartered in Belgium, Remedent distributes its products to more
than 35 countries worldwide. For more information, go to
www.remedent.com.
Statement under the Private Securities
Litigation Reform Act of 1995
Statements in this press release that are "forward-looking
statements" are based on current expectations and assumptions that
are subject to risks and uncertainties. Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause the company's actual operating
results to be materially different from any historical results or
from any future results expressed or implied by such
forward-looking statements. In addition to statements that
explicitly describe these risks and uncertainties, readers are
urged to consider statements that contain terms such as "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," "projects," "project," to be
uncertain and forward-looking. Actual results could differ
materially because of factors because of such risks and
uncertainties. For further information regarding risks and
uncertainties associated with company's business, please refer to
the risk factors described in the Company's filings with the
Securities and Exchange Commission, including, but not limited to,
its annual report on Form 10-K and quarterly reports on Form
10-Q.
Company Contacts: Stephen Ross Chief Financial Officer Remedent,
Inc. Tel (310) 922-5685 Email Contact Investor Relations: Ron Both
Managing Director Liolios Group, Inc. Tel (949) 574-3860 Email
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