July 9, 2008

To All the Friends and Shareholders of Laser Energetics:

I make it a point to communicate with our shareholders whenever we have something of significance that impacts LEI’s business. I am very cognizant of the anxiety our investors are feeling about the timing of the $12 million investment into Laser Energetics by Beryl Wolk. This is understandable considering the delays in funding we have experienced.

I met with Mr. Wolk for a period of three hours on Friday, June 27th, 2008 at his offices. The meeting was very open, serious and to the point. He assured me that we were going to close on the financing on the terms of the agreement we signed in January. He was so confident, in fact, that he agreed to write a letter to this effect, which he further approved of, for us to place on our website. This letter is attached. According to my discussions with Mr. Wolk, the financing should take place very shortly after all the delays.

In any case, I’m not letting grass grow under our feet. We continue to pursue other avenues of financing in parallel to Mr. Wolk, in order to ensure that our capitalization is in place so that we can achieve the great success this company is destined for.

I have been running parallel paths to bring in financing into LEI, with both companies and high net worth individuals. We want to execute business development on the many technologies the company is involved with so that we can build a very dynamic, large and profitable company in the near future.

Even though I’m pursuing these additional sources of capital, I am still very enthusiastic and confident with Mr. Wolk coming through with his financing.

The Laser Energetics team is working hard to achieve World Class success! Winners never Quit, and Quitters never Win! That is why the future is ours! All the Best!

Sincerely,

Robert D. Battis
Founder, President & CEO
Laser Energetics, Inc.

Read Beryl's Commitment Letter