LASER PHOTONICS &lt;LAZR> SELLS COMMON SHARES

  Laser Photonics Inc said it sold
  615,385 shares of its common stock to investors for one mln
  dlrs under a previously-announced agreement.
      In connection with the investment, the company said it will
  restructure its board. There will be eight members, three of
  whom were designated by the new investors, the company said.
  The group of investors include affiliates of &lt;Radix
  Organization Inc>, the company said.
      Richard Gluch Jr resigned from the board. Joining the board
  were Leonard Lichter, Pierre Schoenheimer and Roger Kirk, the
  investors' designates, the company added.
      Other members of the board are chairman Don Friedkin,
  president and chief executive officer Mark Fukuhara, and Jay
  Watnick, Ira Goldstein, Thurman Sasser and Michael Clinger.
  

