Some good news - they still have money!
Thursday April 6, 6:58 am Eastern Time
Company Press Release
Sight Resource Obtains Waiver From Senior Lender
Form 10-K Filed On March 31, 2000
HOLLISTON, Mass.--(BUSINESS WIRE)--April 6, 2000--SIGHT RESOURCE CORPORATION (NASDAQ:VISN - news), a leading provider of primary eye care products, services and managed vision care programs, today announced that the Company has obtained a waiver from its senior lender regarding existing bank covenants for the fiscal year ended December 25, 1999. Covenants have also been amended for 2000 and the Company's line of credit has been modified and extended to March 31, 2001.
The Company also stated that it filed Form 10-K on Friday, March 31st.
Sight Resource Corporation is one of the country's leading providers of primary eye care products and services including managed vision care programs, operating 130 primary eye care centers in the U.S. The Company provides a full range of eyewear, contact lenses, prescription and non-prescription sun wear, and a complete line of accessories through an integrated network of opticians, optometrists, and ophthalmologists, affiliated with its primary eye care chains: Cambridge Eye Doctors in Massachusetts and New Hampshire, E.B. Brown Opticians in Ohio and Pennsylvania, Eyeglass Emporium in Indiana, Kent Optical in Michigan, Shawnee Optical in Pennsylvania and Ohio, Vision Plaza in Louisiana and Mississippi, and Vision World in Rhode Island.
``Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this news release which are not historical fact and are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and additional factors affecting the Company's business are described in the Company's Form 10-K for the fiscal year ended December 25, 1999, filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Company Contact:
Sight Resource Corporation, Holliston
William T. Sullivan
President & CEO
508/429-6916
or
Investor Relations:
Lippert/Heilshorn Associates, New York
Lisa D. Lettieri
Vice President
212/838-3777 or lisa@lhai.com
www.lhai.com |
