Advanced Refractive Technologies


Dr. Richard Keates – Chairman of the Board

Dr. Keates is a well-respected ophthalmologist, consultant, and professor.  He has served on various boards including Frigitronics (NYSE), Med Chem (NYSE), Autonomous Technologies (NASDAQ) and Chiron Vision.  Dr. Keates has consulted for leading health care companies including Chiron Vision, IOLAB, Alcon, and Bausch & Lomb.  He has published over 100 articles in Ophthalmology.  Among his many faculty appointments, Dr. Keates has been a professor at Ohio State University, Professor and Chairman of the Ophthalmology Department at the University of California, Irvine, and currently is a Professor at New York Medical College.  Dr. Keates is the past President of the New York Intraocular Lens Society and past President of the New York Keratorefractive Society.  Dr. Keates graduated from the University of Pennsylvania and from the Jefferson Medical College.  He completed his Ophthalmology training at Harvard Basic Sciences in Ophthalmology and The Manhattan Eye, Ear & Throat Hospital

Randal Bailey – CEO and President

Mr. Bailey has over thirty-one years in management roles at both medical device and pharmaceutical companies.  From 1991 to 1995, Mr. Bailey was the leader of the sales organization of Pharmacia Ophthalmics, Inc.  Mr. Bailey was the Vice President of Sales and Marketing for Novoste, Inc. (NASDAQ) a start up cardiovascular company from 1989 to 1991, where he initiated the entire sales and marketing organization.

Mr. Bailey was Co-founder and Vice President of Sales and Marketing for Chiron Vision, Inc., which was acquired by Bausch & Lomb in 1997.  Chiron Vision, now Bausch & Lomb Surgical, is a leader in the manufacturing and sales of ophthalmic devices worldwide.

From 1980 to 1986 Mr. Bailey was the initial Vice President of Sales and Marketing for Allergan Medical Optics, Inc., a leader in the ophthalmic field.  Mr. Bailey built the sales and marketing department for Allergan Medical Optics, Inc. from its beginning to a staff of 123 people.

Laurence Schreiber – COO and Corporate Secretary and Treasurer

Larry is a seasoned business veteran with nearly 30 years of solid administrative experience.  Mr. Schreiber also served as Chief Executive Officer of Ponte Nossa Acquisition Corporation, the predecessor of Advanced Refractive Technologies, Inc..  Prior to joining the company in 2001, Mr. Schreiber founded Diversified International, a multi-level marketing system, and served as Chief Executive Officer of Learn America, a multimedia productions company.    

Larry Hood – Chief Engineer

Mr. Hood is the Company’s Director in charge of research and development of Advanced Refractive’s ophthalmic water jet product.  Mr. Hood has over 35 years experience in designing and bringing systems to market in areas such as data acquisition, telemetry, orthopedic surgical, ophthalmic surgical, diagnostics, lasers and power ultrasonics.  Mr. Hood has worked for Cavitron/Coopervision/Alcon, Biomet and Plesseys in the past, and is an inventor in a number of fields, with more than 50 U.S. patents issued or pending.

Norman Schwartz – General Counsel

Mr. Schwartz has over 32 years experience in business and finance.  He received a JD from the University of Arizona and LLM (Taxation) from New York University.  Mr. Schwartz was formerly on the staff of the Chief Counsel of the Internal Revenue Service in Washington D.C. Mr. Schwartz has served as CFO and CEO and a member of the Board of Directors for a number of both public and private companies.

Scientific Advisors

Irving J. Bigio, Ph.D. - University of Michigan

Eugene G. Levin, Ph.D. - University of California, Irvine

Key Advisor

Richard Lindstrom, MD – Chief Medical Advisor

Dr. Lindstrom is in charge of assisting and advising the Company in connection with product development in the ophthalmic surgical arena, and was responsible for establishing the Company’s Ophthalmic Development Team.  Dr. Lindstrom is a recognized leader in corneal, cataract, refractive and laser surgery.  Dr. Lindstrom plays an active role in the teaching program at the Phillips Eye Institute and at the University of Minnesota Hospital.  He also serves as an Associate Director of the Minnesota Lions Eye Bank.  He holds 27 patents in ophthalmology in intraocular lens implant technology, corneal preservation, irrigation solutions, viscoelastic solutions, intracorneal lenses, and associated surgical instruments.  Dr. Lindstrom serves on the editing board of a variety of medical journals, including Journal of Cataract and Refractive Surgery, Ophthalmic Surgery, European Journal of Implant and Refractive Surgery, Implants in Ophthalmology, Ocular Surgery News, Ophthalmology Times, and Journal Review of Ophthalmology. He is Chief Medical Advisor to Laser Vision Centers and Vision 21 Centers.





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Advanced Refractive Technologies

1062 Calle Negocio, Suite D

San Clemente, California 92673

P: 949.940.1300   F: 949.940.1301