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LCA-Vision's Former Executive Management Team Sends Open Letter to LCA-Vision Stockholders
Date:12/17/2008

CINCINNATI, Dec. 17 /PRNewswire/ -- The LCA-Vision Full Value Committee, comprised of Dr. Stephen N. Joffe, Craig P.R. Joffe and Alan H. Buckey, today announced that it has sent a letter to the stockholders of LCA-Vision Inc. (NasdaqGS: LCAV). The members of The LCA-Vision Full Value Committee collectively own approximately 11.4% of the Company's outstanding shares.

    The full text of the letter follows:

    A Message from the LCA-Vision Full Value Committee

    ATTENTION LCA-VISION STOCKHOLDERS

    December 17, 2008

    Dear Fellow Stockholder:

    IT IS TIME FOR A CHANGE!

Dr. Stephen N. Joffe, Craig P.R. Joffe and Alan H. Buckey (collectively, "The LCA-Vision Full Value Committee") own in the aggregate approximately 11.4% of the outstanding shares of LCA-Vision, Inc.(NasdaqGS: LCAV) ("LCA-Vision" or the "Company"), making us one of the largest stockholders of the Company. The LCA-Vision Full Value Committee is comprised of the founders and former executive management team of LCA-Vision that helped build the Company from the ground up into the industry leader it once was. In a very short period of time, over 90% of the Company's value has been wiped out under the existing executive management team and Board of Directors of the Company (the "LCA Board"). What's more, the management and Board do not seem to share our serious concerns, or feel any sense of urgency regarding this dramatic decline in the Company's operating and stock performance.

In the two years since Steve Straus was hired as CEO by the Board of Directors in November 2006, LCA-Vision shares have decreased over 90% from $32.71 to $3.12, the closing price on the day before we disclosed our 11.4% position in a filing with the Securities and Exchange Commission. This represents an astounding loss in market capitalization to the Company's stockholders of hundreds of millions of dollars and is simply unacceptable. Regardle
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SOURCE Steve Joffe
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