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Non-Tech : 1-800 CONTACTS, Inc. (CTAC) -- Ignore unavailable to you. Want to Upgrade?

To: lastbear who wrote (4)	7/22/1998 1:55:00 AM
From: Ron D.	Read Replies (1) \| Respond to of 25

Does anybody read a prospectus? 1-800-CONTACTS states on page 5 of its prospectus that "1/3 of its net sales in 1997 appear to conform to the requirements of applicable state laws and regulation." This means that 2/3 of its net sales don't conform to state laws and regulations. They are selling a FDA medical device without prescriptions.This is an illegal activity. It also states that "the company is not an authorized dealer for the majority of the products which it sells." The company also states that they "pay sometimes higher than that paid by eyecare practitioners." I know of a class action law suit filed in the State of California against 1-800-CONTACTS. The injunction is set for August 18, 1998

To: lastbear who wrote (4)	6/19/2000 3:37:00 PM
From: Sir Auric Goldfinger	Respond to of 25

"We obtain a large percentage of our inventory from a limited number of suppliers. A single distributor supplied us with approximately 40% and 47% of our inventory in 1997 and 1998, respectively, and our top three suppliers accounted for approximately 72% and 70% of our inventory in 1997 and 1998, respectively. We believe that none of these suppliers is authorized by contact lens manufacturers to distribute their products. If any of these suppliers could no longer supply us with contact lenses, we may not be able to secure other adequate sources of supply, or may not be able to obtain our inventory on terms as favorable to us as our current supply. Either circumstance could harm us by