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Biotech / Medical : Summit Technology (BEAM) -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (998)	7/17/1998 3:47:00 PM
From: ajs	Read Replies (1) \| Respond to of 1386

Summit Technology Announces the Launch of the Elite Athlete Vision Correction Program Business Wire ~ July 16, 1998 ~ 5:22 pm EST WALTHAM, Mass.--(BUSINESS WIRE)--July 16, 1998--Summit Technology and the Visual Fitness Institute announced today the launch of the Elite Athlete Vision Correction Program. The program has been designed for world class amateur athletes who are Olympic hopefuls and will be directed by Barry L. Seiller, M.D., Medical Director of the Visual Fitness Institute, the Eye Care Center of Lake County, and Director of Visual Performance for the U.S. Ski, Bobsled, Snowboard, and Luge Teams. The Visual Fitness Institute, established by Seiller, evaluates and prescribes vision correction and trains hundreds of athletes annually including Olympic, professional, and high level amateur athletes. This new program has been developed to bring laser vision correction to elite athletes using the Summit Apex Plus Excimer Laser. "We are pleased to help athletes gain access to laser vision correction to enhance their competitive performance," said Robert Palmisano, Chief Executive Officer of Summit Technology. "This program for elite athletes will provide access to the finest refractive surgeons in the country," he continued. On July 31st Dr. Seiller will perform laser vision correction at the Eye Care Center of Lake County on two of the Olympic medal winning members of the U.S. Luge Team and members of the U.S. Ski Team and their coaches and trainers in Vernon Hills, Illinois. "Visual skills are an essential and frequently overlooked area of athletic performance. Having exceptional eyesight is the cornerstone of these skills," said Seiller. "Today, superior vision is clearly understood to be a performance enhancing attribute for world class athletes. With the latest advances in treatment options, laser vision correction is becoming a popular choice for athletes and individuals with active, demanding lifestyles," he stated. The Elite Athlete Vision Correction Program has been designed to expand the program developed by Seiller. Seiller, who has been working with world class athletes for many years, understands the performance enhancing possibilities available with vision training, which can lead to vision correction through LASIK PRK, which is a laser vision correction procedure. A number of professional athletes, such as Jeremy Lincoln of the New York Giants, have had their eyes treated recently with the Summit Apex Plus Laser and with this new partnership performance enhancing vision correction will now be available to elite athletes who are Olympic hopefuls. "After my surgery, I felt as though I added several years to my career. I can actually see the football again from the point of attack," said Jeremy Lincoln, former Chicago Bear and presently with the New York Giants. "I would highly recommend this surgery to anyone serious about enhancing their performance in any sport." The Visual Fitness Institute, Eye Care Center of Lake County, and Dr. Seiller will be assisting Summit Technology in implementing the Elite Athlete Vision Correction Program nationally at practices and facilities across the U.S. that use the state of the art Summit Apex Plus System for correction of nearsightedness and astigmatism. Summit Technology is a leading developer, manufacturer and marketer of ophthalmic laser systems designed to correct common vision disorders such as nearsightedness, farsightedness and astigmatism. In 1995, Summit was the first excimer laser company to receive FDA approval for its Apex excimer laser system for the correction of mild to moderate myopia in the U.S. In addition, through its wholly owned subsidiary, Lens Express, Summit sells contact lenses and related products. Cautionary Statement Under "Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995: Statements made in this news release contain information about the Company's future business prospects. These statements may be considered "forward-looking." These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future operating results, please refer to Summit's annual report on Form 10K for the year ended December 31, 1997 and Form 10-Q for the quarter ended March 31, 1998. CONTACT: Summit Technology, Inc. Kate Burnham 781/672-0517