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News June 10, 14:15 Eastern Time Sterling Vision Anticipates Continued Profitability in Second Quarter While Focusing Resources On the Growth of Its Insight Laser Center and Web Initiatives EAST MEADOW, N.Y., Jun 10, 1999 (BUSINESS WIRE via COMTEX) -- SterlingVision, Inc. (Nasdaq: ISEE), one of the oldest U.S. operators of corrective laser surgery centers and one of the largest optical chains in the United States, today announced that, based upon its financial results for the month of April, 1999, the Company expects continued profitability in the second quarter of 1999. The Company attributes this continued profitability to the initiatives taken by its new management team which continues to implement aggressive cost controls and new marketing strategies, as well as the continued profitability of its laser and ambulatory surgery centers. Dr. Robert Cohen, Chairman, stated "The Company is focusing its resources on its Insight Laser Center division and Internet initiatives which it expects to gain momentum during the coming summer months. In addition, Sterling is negotiating various agreements which are anticipated to result in the opening of four new laser centers in the second half of this year." All statements contained herein (other than historical facts) are based upon current expectations. These statements are forward looking in nature and involve a number of risks and uncertainties. Actual results may differ materially from the anticipated results or other expectations expressed in the Company's forward looking statements. Generally, the words "anticipate", "believe", "estimate", "expects", and similar expressions as they relate to the Company and/or its management, are intended to identify forward looking statements. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: For Sterling Vision, Inc. Eliezer Becher 914/271-5361 WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INDUSTRY CODE: MEDICINE BIOTECHNOLOGY Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. | ||||||||||||
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