LCAV...news...accumulating on weakness...nice buy opps this morning...
Wednesday June 30, 9:21 am Eastern Time
Company Press Release
LCA-Vision Announces Pricing of Public Offering
Shares Begin Trading Today On The Nasdaq National Market System
CINCINNATI--(BW HealthWire)--June 30, 1999--LCA-Vision Inc. (NASDAQ NM: LCAV - news), a leading U.S. based
provider of laser vision correction services, today announced that its offering of 6,000,000 shares of common stock has been
priced at $8.00 a share, resulting in $37.8 million to the Company. The offering is expecting to close on July 6, 1999.
Coinciding with this announcement, the Company's shares will begin trading today on the Nasdaq National Market System.
The Company's ticker symbol ''LCAV'' will remain unchanged.
The offering consisted of 5,000,000 newly issued shares and 1,000,000 shares offered by certain selling stockholders. The
lead manager for the offering is Prudential Securities, and co-managers are Dain Rauscher Wessels and Raymond James &
Associates.
The net proceeds for the offering will be used to open additional laser vision correction centers, purchase additional equipment,
market current centers and the LCA-Vision brand name, fund potential future acquisitions as well as for working capital and
general corporate purposes.
LCA-Vision operates laser vision correction centers in the U.S., Canada and Europe, which are supported by a network of
over 2,200 ophthalmologists and optometrists. Since inception, more than 60,000 laser vision correction procedures have been
performed at the Company's centers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, and has been
declared effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, nor will these
securities be sold, in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of the state.
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