RightSmile the Leader in Cosmetic Teeth Whitening
October 26 2010 - 10:56AM
Marketwired
RightSmile, Inc. (PINKSHEETS: RIGH) (www.RightSmile.com), the
leader in Cosmetic Laser Teeth Whitening, is pleased to announce
that the Officers and Directors of RightSmile have decided to
eliminate their salaries as of August 31st, which total over
$950,000.
The Board has decided to develop a bonus system based on the
profitability of the Company, thereby dramatically reducing cash
requirements and/or causing any additional shares to be issued for
accrued wages. In other cost cutting measures the Company will seek
to reduce fixed monthly expenses, including but not limited to
reducing the size of the current offices, and will also look to
sell some assets no longer vital to the Company's success.
The Company is also currently seeking a new President,
preferably one with experience in the dental/cosmetic market to
help take RIGH to the next level.
The Company believes at this point it has supplied the auditors
with everything they have requested and expects a completed copy of
the audited financials as of May 31, 2010 shortly at which time it
will post them on PinkSheets.com and make them available on the
Company's website.
About RightSmile:
Based in Port St. Lucie, Florida, RightSmile, Inc. engages in
the distribution of branded and private label Cosmetic Laser Teeth
Whitening products addressing multiple markets.
The Company believes all remarks made in the release to be
accurate to the best of its knowledge.
The foregoing press announcement contains forward-looking
statements that can be identified by terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
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