Carl Zeiss Surgical, Inc. and Prescott's, Inc. have announced that they will terminate both their Distribution and Refurbishment Agreements effective April 3, 2002. The parties have each, for their own reasons, determined that the Agreements no longer adequately serve their business interests as they have developed over the past two years. Therefore, Prescott's will discontinue its use of the Zeiss name, especially with respect to the sale of used Zeiss equipment, which will no longer be refurbished under license and as authorized by Carl Zeiss.
Prescott's, Inc. is a Colorado Corporation, located in Monument, Colorado, which refurbishes and sells used surgical microscope equipment throughout North and South America.
Carl Zeiss Surgical, Inc., a New York Corporation, headquartered in Thornwood, New York, sells and services both directly and indirectly, primarily surgical microscopes as well as other visualization and surgical devices for the Neurosurgery, ENT, Plastic and Reconstructive, Spine, Dental, OBGYN, and Ophthalmology Markets, throughout the United States.