Vista Eyecare, Inc. Acknowledges Communication by Investor Group
PR Newswire, Friday, March 26, 1999 at 17:39
LAWRENCEVILLE, Ga., March 26 /PRNewswire/ -- Vista Eyecare, Inc.
(NASDAQ:VSTA) acknowledged today that it had received a communication from an
investor group led by Campbell B. Lanier, III, a director of the Company,
regarding the potential waiver of the 15% limit on stock purchases contained
in the Company's shareholder rights plan. The board of directors of the
Company, other than Mr. Lanier and his uncle, J. Smith Lanier, II, is in the
process of considering this matter.
James W. Krause, Chairman and Chief Executive Officer of the Company,
said, "We have of course been aware of the interest of this group in our
company for some time. We appreciate the confidence that they have shown in
our business plan."
Vista Eyecare, Inc., with a total of 919 locations, is the nation's second
largest optical company in terms of locations. The company's retail
operations offer a full line of optical goods including spectacles, contact
lenses, prescription and non-prescription sunglasses. In addition,
independent Doctors of Optometry are typically available adjacent to store
locations.
SOURCE Vista Eyecare, Inc.
-0- 03/26/99
/CONTACT: Angus C. Morrison, Senior Vice President, CFO & Treasurer of
Vista Eyecare, Inc., 770-822-4285/
/Web site: vistaeyecare.com / |
