BSML Invesco BulletShares 2021 Municipal Bond

WALNUT CREEK, Calif., March 21 /PRNewswire-FirstCall/ -- BriteSmile, Inc. (NASDAQ:BSML) today announced that on March 17, 2006, it received notification that a Nasdaq Listing Qualifications Panel granted BriteSmile's request for continued listing on The Nasdaq Capital Market, subject to certain conditions. Previously, BriteSmile announced that on March 13, 2006, it completed the sale to Discus Dental, Inc. of that part of BriteSmile's business consisting of offering teeth-whitening procedures and products through existing independent dental offices known as BriteSmile Professional Teeth Whitening Associated Centers -- its Associated Center Business. BriteSmile also previously announced that it entered into a purchase agreement with Dental Spas LLC, of Fairfield, Iowa, pursuant to which Dental Spas agreed to acquire BriteSmile's remaining business -- its Spa Center Business -- consisting of its Professional Teeth Whitening Centers currently operating in 15 cities throughout the United States, and the right to operate BriteSmile-branded centers worldwide. On March 9, 2006, representatives of BriteSmile attended an oral hearing before the Nasdaq Listing Qualifications Panel regarding BriteSmile's continued listing on The Nasdaq Capital Market. On March 17, 2006, BriteSmile received notification of the Panel's decision. The Panel granted BriteSmile's request for continued listing, subject to the conditions that (1) on or before May 15, 2006, BriteSmile report in its Form 10-Q for the fiscal period ended April 1, 2006, actual stockholders' equity at April 1, 2006 of at least $2.5 Million, and (2) on May 15, 2006, or on the day of the closing of the sale of BriteSmile's Spa Center Business, whichever is sooner, BriteSmile provide the Panel a written update containing a definitive plan addressing resolution of its potential status as a public shell. In addition, BriteSmile must be able to demonstrate compliance with all requirements for continued listing on The Nasdaq Capital Market. If BriteSmile is unable to meet these conditions, its common stock may be delisted from The Nasdaq Stock Market. BriteSmile has developed and markets the most advanced teeth whitening technology available, as well as manages state-of-the-art BriteSmile Professional Teeth Whitening Centers. BriteSmile Spa Centers are currently operating in Beverly Hills, Irvine, Palo Alto, Walnut Creek, San Francisco and La Jolla, CA; Houston, TX; Denver, CO; Boston, MA; McLean, VA; Atlanta, GA; New York, NY; Chicago and Schaumburg, IL; and, Phoenix, AZ. For more information about BriteSmile's procedures, call 1-800-BRITESMILE or visit the Company's Website at http://www.britesmile.com/ . This release, other than historical information, consists of forward-looking statements that involve risks and uncertainties. Readers are referred to the documents filed by BriteSmile with the Securities and Exchange Commission, specifically the Company's most recent reports on Forms 10-K and 10-Q, that identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements. BriteSmile and its affiliates disclaim any intent or obligation to update these forward-looking statements. DATASOURCE: BriteSmile, Inc. CONTACT: investors, Kenneth A. Czaja, CFO, +1-925-941-6260, or media, Chris Edwards, +1-925-279-2926, both of BriteSmile, Inc. Web site: http://www.britesmile.com/

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