LASER PHOTONICS <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 <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.