FREEHOLD, N.J., Jan. 18, 2012 (GLOBE NEWSWIRE) -- Lantis Laser Inc. (OTCQB:LLSR) is pleased to announce it is in the final phase of a re-structuring, that will include a new corporate name for Lantis. Our new corporate identity and vision is designed to attract the attention of both private and public companies established in the hard asset and natural resources sector. Lantis' merger with TAG Minerals Inc. brought gold mining to LLSR, through acquisition as well as through its own organic operations. Other viable gold mining claims have recently been registered, pegged and staked for Lantis' operating affiliate TAG Minerals Zimbabwe (Private) Limited, which enables expansion of our organic alluvial surface gold mining operations as we enter into production this quarter.
Lantis recently announced acquisition of an 80% controlling equity stake in an OTCQB publicly traded company, Raptor Networks Technology, Inc., is preparing itself to emerge under a new name and identity, that of a bankable natural resources company, housing desirable mineral properties for exploration and commercial development. Raptor brings with it a substantial multi-million dollar accumulated loss from its previous operations, which may be utilized by Lantis to off-set future tax liabilities that are anticipated to be generated from our mining and commercial sales of other industrial minerals and metals in Zimbabwe. Raptor has filed all necessary documents with the appropriate parties to implement its corporate re-structuring. Lantis will be unveiling a new Web site shortly, under our new corporate name, that portrays in-depth our new corporate identity and vision, as a hard asset and natural resources company. Mining our own mineral claims, as well as continuing to fully or partially acquire mining and mineral assets, is at the heart of our corporate strategy, one we anticipate and expect will reward our loyal shareholders.
Al Pietrangelo, Chairman & CEO of Lantis, stated, "Being recognized by the financial community as a pure play in the hard asset and natural resources sector will allow investors to focus on valuation methods and investing disciplines that are geared toward a specific sector in the marketplace. With our acquisition of Raptor, and its new corporate purpose indicated, along with our major corporate directives labeled, thereby creates a tremendous opportunity for Lantis to engage in maximizing shareholder value, which management fully intends on exploring all such opportunities in the coming year."
Lantis Laser Inc. (parent/holding Company)
Lantis Laser Inc. is the parent/holding Company with three independently operating subsidiaries: TAG Minerals Inc., Raptor Networks Technology, Inc., and Lantis Laser, Inc., (NJ).
About TAG Minerals Inc.
TAG Minerals is a U.S. based (incorporated in Wyoming) gold resource acquisition, exploration and development company, with operations conducted through its operating affiliate, TAG Minerals Zimbabwe (Private) Limited. The company's business is managed by its directors and officers who have mineral extraction and commercial experience. TAG's strategy is to identify, acquire and exploit gold properties that have potential. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa.
To find out more about the mining equipment utilized by TAG; visit www.extrac-tec.com
About Raptor Networks Technology, Inc.
Raptor Networks is undergoing a corporate re-structuring that will allow it to emerge as a bankable natural resources OTCQB publicly traded company, 80% held by Lantis, engaged in the mining and commercial sales of industrial minerals and metals.
About Lantis Laser, Inc. (New Jersey)
Lantis Laser, Inc. is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained.
For more news on OCT in Dentistry; visit: www.octnews.org
Safe Harbor
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.