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Leading Proxy Advisory Firm RiskMetrics Recommends Shareholders Support LCA-Vision Board of Directors and Reject All Proposals by Dissident Joffe Group
Date:3/5/2009

Urges LCA-Vision Stockholders to Vote the GOLD Card

CINCINNATI, March 5 /PRNewswire-FirstCall/ -- LCA-Vision Inc. (Nasdaq: LCAV) announces that RiskMetrics Group's ISS Governance Services has recommended that LCA-Vision stockholders vote to retain the Company's current Board of Directors and reject all proposals, including the removal of the current Directors and election of replacement Directors, in the Joffe Group's consent solicitation. After in-person meetings with LCA-Vision Board and management representatives as well as with the dissident group, and conducting a thorough analysis of their proposals and supporting statements, RiskMetrics recommends that LCA-Vision stockholders vote in support of the Board and management on all proposals.

RiskMetrics Group is a leading proxy advisory firm, and its analyses and recommendations are relied upon by many of the world's leading institutional investors.

"In evaluating the questions of whether change in management at LCA-Vision is warranted and whether stockholders might be better served by the dissidents' proposals, RiskMetrics responded with a clear and convincing 'no' to both," said Steven Straus, LCA-Vision chief executive officer. "Current management and the Board of Directors are working diligently to build stockholder value. We have undertaken a multi-initiative plan that encompasses all aspects of our business and are delighted that RiskMetrics recognizes our actions and accomplishments. We urge our stockholders to follow the recommendations of RiskMetrics and last week's recommendations by Glass Lewis in voting for our current Board and in support of the current management team."

In its report dated March 4, 2009, RiskMetrics states, among other things:

  • Under the leadership of CEO Steve Straus
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SOURCE LCA-Vision Inc.
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