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Wednesday May 12, 9:25 am Eastern Time
Company Press Release
Lasik Vision Moves Ahead With Financing Agreement
VANCOUVER, British Columbia--(BUSINESS WIRE)--May 12, 1999--Lasik Vision Corporation (VSE:LSK - news) today
announced that the Company has received an extension to the filing deadline for its $15 million convertible debenture offering.
Lasik Vision is now proceeding with an agreement with Pacific International Securities Inc. as agent to sell on a proposed private
placement of a $15,000,000, 10 percent five-year convertible debenture, as previously announced in a February 5, 1999 news
release. The completion of the private placement is subject to acceptance for filing by the Vancouver Stock Exchange.
Lasik Vision Corporation CEO, Michael Henderson said that the Company intends to use the proceeds of the $15 million
debenture financing to purchase additional equipment and as working capital to support Lasik Vision's expansion plans into the
U.S.
Based in Vancouver, B.C., Lasik Vision Corporation is Canada's largest operating laser vision correction company. Lasik Vision
has already treated tens of thousands of patients in Canada at its centres located in Vancouver, Toronto, Calgary, Montreal,
Ottawa, Halifax, Quebec City, Windsor and Winnipeg. With some of the most experienced specialists in North America, Lasik
Vision's goal is to provide the best quality patient care and results at the most affordable price for patients. Additional
information on the Company may be obtained on the world wide web at www.lasik-vision.com.
Statements and/or financial forecasts that are not historical are to be regarded as forward-looking statements, which are subject
to risks and uncertainties and could cause actual results to differ materially. Such risks and uncertainties with respect to Lasik
Vision's business include but are not limited to: (i) general economic conditions, (ii) limited operating history, (iii) continued
industry and public acceptance, (iv) regulatory compliance, (v) potential liability or malpractice claims, (vi) future capital
requirements and uncertainty of additional funding and (vii) dependence on key personnel. These forward-looking statements
should not be reprinted, reiterated nor considered an inducement for investment.
On behalf of the Board of Directors of LASIK VISION CORPORATION Signed, Michael Henderson, CEO
The Vancouver Stock Exchange nor any other regulatory body has not reviewed this news release and therefore does not accept
responsibility for the adequacy or accuracy of the release.
Contact:
Lasik Vision Corporation
Kelly Lendvoy, 888/888-9122 (Canada)
888/888-9123 (U.S.)
World wide web: www.lasik-vision.com
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