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Biotech / Medical : VISN - Sight Resources -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (94)	4/24/2000 7:47:00 AM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 103

Monday April 24, 7:02 am Eastern Time Company Press Release Sight Resource Corporation Hires PaineWebber Incorporated HOLLISTON, Mass.--(BUSINESS WIRE)--April 24, 2000--SIGHT RESOURCE CORPORATION (NASDAQ:VISN - news) today announced it has retained PaineWebber Incorporated as its financial advisor to work with management in exploring strategic alternatives to support the future growth of the business and maximize shareholder value. William Sullivan, President and Chief Executive Officer, said, ``We believe our current stock price does not reflect the underlying value of the Company. We believe it prudent to explore a full range of strategies available to the Company including mergers, joint venture agreements, strategic partnerships and equity or debt financing.' 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 www.lhai.com or lisa@lhai.com