Review of STAAR's Application for the Visian(R) Toric Implantable Collamer(R) Lens by FDA...(tive delays the need in certain future F...),Health

Date:7/21/2009

tive delays, the need in certain future FDA submissions to satisfy additional and potentially costly requirements such as third party audits, our limited capital resources and limited access to financing, the fact that our public accounting firm has expressed doubt about our ability to continue as a going concern in their opinion on our financial statements, the cost of defending pending litigation and satisfying judgment in the event of an adverse ruling, for which we have taken no reserve, the effect the global recession may have on sales of products, especially products such as the ICL used in non-reimbursed elective procedures, the challenge of managing our foreign subsidiaries, the risk that sales of our newly introduced products may not restore profitability to our U.S. IOL product line, our ability to overcome negative publicity resulting from warning letters and other correspondence from the FDA Office of Compliance and to demonstrate to the agency that its past concerns have been resolved, the willingness of surgeons and patients to adopt a new product and procedure, and the potential effect of recent negative publicity about LASIK on the demand for refractive surgery in general in the U.S. STAAR assumes no obligation to update its forward-looking statements to reflect future events or actual outcomes and does not intend to do so.

The data in this release regarding STAAR's cash, cash equivalents and restricted cash position as the end of the second fiscal quarter is preliminary and remains subject to review by STAAR's independent registered public accountants in connection with the preparation of STAAR's consolidated balance sheet as of July 3, 2009. Final balance sheet data, which STAAR expects to report on August 3, 2009, may differ.

    CONTACT:    Investors                      Media
                EVC Group                      EVC Group
                Douglas Sherk, 415-896-6820   
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SOURCE  STAAR Surgical Company
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