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January 22, 1989


By CBR Staff Writer

Retailer LaserLand Corp USA, Denver, Colorado is in such a cash bind that it terminated its corporate administrative activities last Friday saying that because of continuing unprofitable operations and an inability to pay its obligations, its management decided that cessation of some activities was in the best interests of LaserLand and its shareholders: it is trying to find investors to enable it to continue its operations but there can be no assurance that it will be successful it currently has 18 franchise stores in operation in the US and Canada and one company-owned store in Denver; the franchises stores and the other company store shut down late last year.

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