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Biotech / Medical : LSK Lasik Vision Corp - Previously FVC (First Venture)
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To: Biotechboy13 who wrote (11)5/12/1999 10:38:00 AM
From: Andrew   of 30
 
NEWS!

Monday May 10, 9:09 am Eastern Time

Lasik, MedNet won't merge

(Full text of press release from Canadian Corporate News)

TSE SYMBOL: MDT
MAY 10, 1999
Lasik and MedNet Report on Proposed Merger

VANCOUVER, BRITISH COLUMBIA--Lasik Vision Corporation (''Lasik'') and MedNet International Ltd. (''MedNet'') today
provided updated information on their previously announced (February 5, 1999) proposed merger.

The two Companies were unable to come to final terms for the definitive transaction structure and therefore, have decided not to
proceed with the previously announced business combination. As a result, Lasik's proposed sale of $4,000,000 principal amount
10 percent secured convertible debentures with MFC Bancorp Ltd. as selling agent will not be proceeding.

On behalf of the Board of Directors of
LASIK VISION CORPORATION
Douglas L. Mason, Director

On behalf of the Board of Directors of
MEDNET INTERNATIONAL LTD.
Jimmy Lee, Chairman

The Toronto Stock Exchange, the Vancouver Stock Exchange nor any other regulatory body have reviewed this news release
and therefore do not accept responsibility for the adequacy or

accuracy of the release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Lasik Vision Corporation
Kelly Lendvoy
1-888-888-9122 (Canada)
1-888-888-9123 (U.S.)
or
MedNet International Ltd.
Rene Randall
(604) 683-5767
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