Business & Finance
Business and Finance
Business and Finance
Wed, June 23, 2010 
PORT ST. LUCIE, FL--(Marketwire - June 23, 2010) - RightSmile, Inc. (
RIGH has released funds from escrow, but retains the balance of the cash and the stock portion of the agreement pending review of the audit. RIGH has a claw back feature built into the agreement should the liabilities exceed a certain amount and/or the inventory delivered is below a certain amount.
The highly anticipated acquisition of Revodent, Inc. should increase RightSmile® yearly revenue by $500,000 or more. Additionally the acquisition gives RightSmile® a stronger platform to build both the SmileShoppe and private label markets, and jump directly into retail and internet sales. As part of the transaction, RightSmile® will also acquire other brand names produced by Revodent such as UltraBright USA, Revolution Whitening and Stay White, to name a few. Additionally they will also acquire customers in Mexico, Asia and France.
Revodent has retained an auditor and anticipates delivering the audit for review within the next 45 days. RIGH has retained the same auditor to audit its year end which was May, 31, 2010.
About Revodent:
A manufacturer of teeth whitening products, Revodent supplies numerous manufacturers/manu-packagers with components for teeth whitening solutions, in addition they also supply final products designed for use in the dental, salon/retail and internet markets.
About RightSmile®:
Based in Port St. Lucie, Florida, RightSmile, Inc. engages in the distribution of branded and private label Cosmetic Laser Teeth Whitening products.
The Company believes all other remarks made in the release to be accurate to the best of their 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.
