Solei Systems Incorporated is an industry leader in the field of tanning and LED products. These products range from state-of-the-art tanning equipment to non-invasive medical procedures using the latest in LED technologies. The company holds several patents on its unique technologies and has several more filed and pending. Solei Systems operates in three divisions: Intelligent Tanning Systems (ITS), Light Therapy Systems (LTS) and BioScience Systems, all of which manufacture their own equipment in-house, which greatly reduces costs and increases efficiency.
As of May 2, 2008, the company began trading on the Pink Sheets exchange, and CEO Paul Spivak anticipates that within the next few months the company will transition onto a senior exchange. The stock began trading at $1.87 a share, and closed the day today at $2.14, a 33.75% one-day increase with over 340,000 shares traded. Otcstockexchange.com has put it on their “Radar for news” list with a target price of $10.00.
Just today the company announced that it has signed a multinational distribution agreement with a client in the United Kingdom and received an initial purchase order in excess of $400,000. In addition to the additional order, the agreement calls for recurring orders on a monthly basis of at least $100,000. This guaranteed revenue stream for Solei Systems includes the sales of all three divisions and includes the company’s LED therapy products, as well as its poolside, coin-operated SPF 30 spray booth.
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