Navigation Links
LCA-Vision Reports Tangible Results from Business Strategy
Date:2/19/2009

Urges Stockholders to Vote Gold Card and Reject Dissidents' Director Slate

CINCINNATI, Feb. 19 /PRNewswire-FirstCall/ -- LCA-Vision Inc. (Nasdaq: LCAV) today announced that it is mailing to its stockholders a letter in which it urges support for Company management and its Board of Directors.

The full text of the letter follows:

To My Fellow Stockholders:

Your LCA-Vision executive Team is producing tangible results from the aggressive implementation of our detailed business plan.

During the fourth quarter of 2008 we increased our share of the domestic laser vision correction services market to 11.9% from 10.5% in the third quarter, according to Market Scope, LLC, a leading independent ophthalmic industry researcher. In January 2009, our procedure volume grew 48% compared with December 2008 and, although January typically is our highest volume month, this compares very favorably with the 14% increase from December 2007 to January 2008.

Your executive Team, with the full support of your Board of Directors, has taken decisive action to fix a broken business model inherited from former management that does not work in the current economic environment. In 2008 we reduced marketing spend by 21%, cut general and administrative expense by 11% and reduced capital expenditures by 48%, all compared with 2007. Expense-reduction initiatives in 2008 yielded labor cost reductions annualized at $14 million (35% decrease in headcount) and aggressive cash management initiatives generated $3 million in cash flow. Comparing 2009 (the first full year of benefit from cost reductions taken in 2008) with 2007 (the last full year prior to these reductions), we expect the number of procedures for a vision center to reach cash-flow breakeven to decli
'/>"/>

SOURCE LCA-Vision Inc.
Copyright©2009 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4 5

Related medicine news :

1. LCA-Vision Announces Appointment of Edgar F. Heizer to Board of Directors
2. LCA-Vision Announces Consent Solicitation Deadline; Urges Stockholders to Return Gold Consent Revocation Card
3. LCA-Vision Announces Fourth Quarter and Full Year 2008 Financial Results
4. LCA-Visions National Lasik Network Named as U.S. Provider for National Vision Administrators
5. The LCA-Vision Full Value Committee Commences Consent Solicitation to Elect New Board of Directors at LCA-Vision (Nasdaq: LCAV) and Sends Letter to Stockholders
6. LCA-Vision to Hold Corporate Update Conference Call and Q&A Session on February 6
7. LCA-Vision to Announce Fourth Quarter and Full Year 2008 Financial Results on Tuesday, February 10, 2009
8. The LCA-Vision Full Value Committee Files Preliminary Consent Solicitation Statement to Reconstitute the Board of Directors of LCA-Vision Inc.
9. LCA-Vision Urges Stockholders to Take No Action Regarding the Joffe Groups Threatened Consent Solicitation
10. LCA-Visions Former Executive Management Team Sends Open Letter to LCA-Vision Stockholders
11. LCA-Vision Board of Directors Responds to Recent Letters from Stockholder Group
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/4/2009)Working with mice, scientists at Johns Hopkins publishing in the December issue of Neoplasia have shown that a protein made by a gene called "Twist" may be the proverbial red flag that can accuratel
(Date:12/4/2009)More than 15 million Americans are recruited annually to participate in clinical trials according to the Alliance for Human Research Protection (AHRP), and most will be compensated for their participa
(Date:12/4/2009)Dental tourism is a phenomenon that was started by people that were looking for an alternative to the high price of dental work in the US, Canada, and other countries. In their search for lower priced
(Date:12/4/2009)Increasing exercise, water and fruit consumption leads to success, study finds , , FRIDAY, Dec. 4 (HealthDay News) -- Increased exercise, reduced soda consumption and self-weighing are among
(Date:12/4/2009)BOSTON, Dec. 4 Substantial progress has been made over the last 15 years in the healthcare community,s ability to diagnose and treat epilepsy and its complications. Yet this progress in epilepsy man
Breaking Medicine News(10 mins):Health News:Potential new 'twist' in breast cancer detection 2Health News:Potential new 'twist' in breast cancer detection 3Health News:Human guinea pigs wary of high-paying medical trials 2Health News:Mexican Dental Vacation Sees a Rush Of New Patients: Recession A Factor 2Health News:Mexican Dental Vacation Sees a Rush Of New Patients: Recession A Factor 3Health News:Teens Lose More Weight Using Healthy Strategies 2Health News:Epilepsy Patients Caught in Treatment Gap and Not Getting State-of-the-Art Care 2Health News:Epilepsy Patients Caught in Treatment Gap and Not Getting State-of-the-Art Care 3Health News:Epilepsy Patients Caught in Treatment Gap and Not Getting State-of-the-Art Care 4
... YORK, Jan. 6 During 2009, millions of Americans ...es and injections or be given mind-altering drugs ...heir physicians recognize and treat the actual sou...ost common disabling pain experienced by Americans...
... ST. LOUIS, Jan. 6 "Psych Yourself Skinny" is a c...elf, with a 28-day schedule of,meditations, freest...essions,explicit visual motivators and blunt advic...inny self, even if you,re not creative.,This book ...
...ANN ARBOR, Mich. University of Michigan researche...ys a critical role in not one, but two processes a...eins involved in responding to DNA damage that can...s lead author. Ferguson is an assistant professor ...
... DIEGO, Jan. 6 SpectraScience, Inc. (OTC Bulletin...mpany, today announced that it has been awarded U....aratus for evaluating image focus. , , Jim Hitch... provides methods of focusing an instrument for th...
...LAS, Jan. 6 Paul Spiegelman, author of Why Is Ev...ivity and Profit , knows what it takes to create a... healthcare-exclusive call center Spiegelman co-fo...he healthcare industry. , , "Tough economic times...
...TLAKE VILLAGE, Calif., Jan. 6 Specialists On Call...the states in which it provides service, including...vider of emergency neurology on-call services to h.../LAW515LOGO ) , , Dr. Joe Peterson, CEO, describe...
Other Medicine News:Health News:Unnecessary Spinal Surgery Will Waste Billions of Dollars in 2009 and Patients Will Continue to Suffer Unless the Primary Cause of Most Back Pain is Treated, Says Pain Specialist Norman Marcus, M.D. 2Health News:Unnecessary Spinal Surgery Will Waste Billions of Dollars in 2009 and Patients Will Continue to Suffer Unless the Primary Cause of Most Back Pain is Treated, Says Pain Specialist Norman Marcus, M.D. 3Health News:Unnecessary Spinal Surgery Will Waste Billions of Dollars in 2009 and Patients Will Continue to Suffer Unless the Primary Cause of Most Back Pain is Treated, Says Pain Specialist Norman Marcus, M.D. 4Health News:'Psych Yourself Skinny' Lose Weight the Fun & Creative Way in 2009! 2Health News:Protein's essential role in repairing damaged cells revealed 2Health News:Protein's essential role in repairing damaged cells revealed 3Health News:SpectraScience Awarded U.S. Patent 7,469,160 for Its Unique Methods and Apparatus for Evaluating Image Focus 2Health News:SpectraScience Awarded U.S. Patent 7,469,160 for Its Unique Methods and Apparatus for Evaluating Image Focus 3Health News:Author Shares Nine Resolutions for 2009 to Create a Winning Corporate Culture 2Health News:Author Shares Nine Resolutions for 2009 to Create a Winning Corporate Culture 3Health News:Specialists On Call Expands Access to Emergency Neurology On-Call Services in North Carolina 2
(Date:12/4/2009)STREAMWOOD, Ill., Dec. 4 Shared Imaging, LLC, an independent provider of CT, MRI and PET/CT systems and service programs for hospitals and healthcare providers, is excited to announce it has received
(Date:12/4/2009)LAKE FOREST, Ill., Dec. 4 Hospira, Inc. (NYSE: HSP ), a leading global specialty pharmaceutical and medication delivery company, today announced the launch of its next-generation 50 mL and 100 mL V
(Date:12/4/2009)SAN DIEGO, Calif., Dec. 4 Suneva Medical, a privately-held aesthetic medical device company, today announced the appointment of Philip Ranker as Vice President and Chief Financial Officer. In this r
Breaking Medicine Technology:Shared Imaging Earns The Joint Commission's Accreditation for Ambulatory Health Care 2Hospira Expands VisIV(TM) Portfolio to Offer Complete Range of Environmentally Friendly I.V. Containers 2Hospira Expands VisIV(TM) Portfolio to Offer Complete Range of Environmentally Friendly I.V. Containers 3Hospira Expands VisIV(TM) Portfolio to Offer Complete Range of Environmentally Friendly I.V. Containers 4Suneva Medical Announces Corporate Developments Including Appointment of Philip Ranker as Chief Financial Officer 2Suneva Medical Announces Corporate Developments Including Appointment of Philip Ranker as Chief Financial Officer 3Suneva Medical Announces Corporate Developments Including Appointment of Philip Ranker as Chief Financial Officer 4Johnson 26 Johnson Honors 2009 Recipient of The Dr Paul Janssen Award for Biomedical Research 13876 1Johnson 26 Johnson Honors 2009 Recipient of The Dr Paul Janssen Award for Biomedical Research 13876 2Johnson 26 Johnson Honors 2009 Recipient of The Dr Paul Janssen Award for Biomedical Research 13876 3Johnson 26 Johnson Honors 2009 Recipient of The Dr Paul Janssen Award for Biomedical Research 13876 4Johnson 26 Johnson Honors 2009 Recipient of The Dr Paul Janssen Award for Biomedical Research 13876 5Analysis confirms that nano related research has strong multidisciplinary roots 13875 1Analysis confirms that nano related research has strong multidisciplinary roots 13875 2Analysis confirms that nano related research has strong multidisciplinary roots 13875 3Analysis confirms that nano related research has strong multidisciplinary roots 13875 4Rate of teen binge drinking cut more than 1 3 by prevention system 56343 1Rate of teen binge drinking cut more than 1 3 by prevention system 56343 2Rate of teen binge drinking cut more than 1 3 by prevention system 56343 3
...SAN DIEGO and SUNNYVALE, Calif., April 16 ,Pharmac...linical results,demonstrating the anti-tumor activ...tor VIIa inhibitor. The data were presented during...r Cancer Research (AACR) being,held this week in S...l models of human pancreatic tumors,treatment with...
...ROCHESTER, Minn., April 16, 2008 A new Mayo,Clini...elp protect against,mild cognitive impairment, a d...lved in thinking abilities. This study will be pre... Meeting in Chicago on April 16., Individuals wit...y well,in everyday activities, but often have diff...
Other Medicine Technology:Pharmacyclics' Novel Factor VIIa Inhibitor Demonstrates Potential Inhibition of Tumor Growth in Multiple Types of Cancer 2Pharmacyclics' Novel Factor VIIa Inhibitor Demonstrates Potential Inhibition of Tumor Growth in Multiple Types of Cancer 3Mayo Clinic Finds Exercise Can Reduce the Risk of Mild Cognitive Impairment 2
ScanGel® Incubator
...erent sized High-Throughput Submarine Systems are ...icrotitre plates. Analyze high numbers of cloning ...or PCR products simultaneously. The microtitre for...d speed with additional savings in expensive reage...
...ROTEAN 3 Dodeca cell runs up to 12 mini gels under... gels can be poured 12 at a time with the new Mode...ting chamber, eliminating sources of variation and...el precast gels offer the convenience and reproduc...
...ion Dodeca cell, a component of the Criterion prec...on gels in a single run. Criterion gels are wider ...ni gel. They accommodate Bio-Rad's 11 cm ReadyStri...f separation and speed in 2-D electrophoretic appl...
Medicine Products: