"Helloooo" ;o), TLC Announces Q1-00 Procedure Volumes
BETHESDA, Md.--(BUSINESS WIRE)--Sept. 2, 1999--TLC The Laser Center(NASDAQ:TLCV - news; TSE:TLC. - news)
Strong Growth Continues
TLC The Laser Center Inc. (NASDAQ:TLCV / TSE:TLC) announced today that over 33,200 paid laser procedures were performed at the Company's refractive centers in the
three-month period ending August 31, 1999.
This is an 87 percent increase from 17,781 the same period a year ago. The increase in this quarter was primarily driven by 72 percent same-store procedure growth.
This is the 14th consecutive quarter of record procedure volumes since the Company's March 1996 IPO.
Pricing for the procedure remains strong. Based on preliminary analysis of Q1-00 financial results, TLC expects average refractive net revenue after doctor compensation per procedure
for the quarter to exceed US$1,320. This compares to an average of $US1,321 for fiscal year 1999 and is up from $US1,288 for the previous quarter.
About TLC The Laser Center Inc.
TLC operates refractive centers throughout North America and is the largest provider of laser vision correction services in the world. TLC's core business strategy is providing excimer
laser eye surgery in partnership with its network of more than 11,000 affiliated doctors. TLC's common shares trade on the NASDAQ National Market under the symbol 'TLCV' and on
The Toronto Stock Exchange under the symbol 'TLC'.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the U.S. Securities and Exchange Act of 1934 and Section 21E of the Securities
Exchange Act of 1934, which statements can be identified by the use of forward looking terminology, such as ``may', ``will', ``expect', ``anticipate', ``estimate', ``predict', ``plans' or
``continue' or the negative thereof or other variations thereon or comparable terminology referring to future events or results. The Company's actual results could differ materially from
those anticipated in these forward-looking statements as a result of numerous factors, including the timing of acquisitions and expansion opportunities, any of which could cause actual
results to vary materially from current results or TLC's anticipated future results. See the Company's reports filed with the Toronto Stock Exchange and the U.S. Securities and Exchange
Commission from time to time for cautionary statements identifying important factors with respect to such forward looking statements, including certain risks and uncertainties, that could
cause actual results to differ materially from results referred to in forward looking statements. TLC assumes no obligation to update the information contained in this press release. |
