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


To: Ram Seetharaman who wrote (96)6/7/2000 2:32:00 PM
From: Ram Seetharaman  Respond to of 103
 
Folks, VISN has a solid volume of 739100 this afternoon, way over normal, and price is up 20 %. Is it due to this news below? I doubt it! It showed up on someone's radar for sure!

Tuesday June 6, 7:15 am Eastern Time
Company Press Release
Cambridge Eye Doctors Approved as CIGNA Healthcare Provider
HOLLISTON, Mass.--(BW HealthWire)--June 6, 2000--Sight Resource Corporation (NASDAQ:VISN - news), a leading provider of primary eye care services and managed vision care programs, today announced that Optometric Providers, Inc., doing business as Cambridge Eye Doctors and Optometric Care, Inc., doing business as Vision World, have been approved as a provider for CIGNA Healthcare of Massachusetts. CIGNA has approximately 58,000 participants in Massachusetts.

William T. Sullivan, President and Chief Executive Officer of Sight Resource Corporation, offered the following comments, ``We are delighted to become associated with CIGNA Healthcare of Massachusetts. Our convenient locations, exciting frame and lens products, contact lenses and eye examinations are available in all 23 Cambridge Eye Doctors locations and 7 Vision World locations to service CIGNA's members. We look forward to providing excellent eye care and eyewear to the CIGNA membership.''

Sight Resource 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 products and services 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 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:

Sight Resource Corporation
William T. Sullivan, 508-429-6916