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RiskMetrics (ISS), An Independent Proxy Advisory Firm, Recommends Voting the GOLD Card for Four of PTV's Nominees: Anderson, McInerney, Melrose, and O'Holla
Date:9/11/2008

RiskMetrics Further Advises Shareholders to Reject Entire Management Slate of InSite Vision, Including the Chairman and Chief Executive Officer

AUSTIN, Texas and HOUSTON, Sept. 11 /PRNewswire/ -- PTV Sciences ("PTV"), a healthcare venture capital and growth equity firm, is pleased to announce that RiskMetrics Group -(Formerly known as ISS), the worlds largest proxy advisory and corporate governance firm, recommended that the stockholders of InSite Vision Incorporated (Amex: ISV) vote the GOLD proxy card in favor of the majority of PTV's nominees, Rick Anderson, Tim McInerney, Evan Melrose, M.D., and Robert O'Holla in connection with the election of directors at the upcoming annual meeting. Furthermore, RiskMetrics recommends stockholders and institutional investors NOT VOTE the Company's white proxy card. In particular, RiskMetrics rejected the entire management slate, including the Chairman and Chief Executive Officer, Kumar Chandrasekaran.

Dr. Evan Melrose, a managing director at PTV Sciences, commented "RiskMetrics is a universally recognized independent voice for both retail and institutional investors. We were pleased to have their support for our nominees, and agree with their recommendation to reject all of the current Board of Directors, including the company's chairman and chief executive officer, Kumar Chandrasekaran. This is the second report from an independent advisory firm this week that highlights the strengths of our proposed slate, and confirms the clear need for meaningful change at InSite Vision."

In advance of issuing its report RiskMetrics met with representatives of both groups. In its report, RiskMetrics described its processes as follows: "When a dissident seeks a majority of board seats, RiskMe
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SOURCE PTV Sciences
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