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STAAR Surgical Reports Solid First Quarter Progress
Date:5/6/2008

t cash acquired in the STAAR Japan acquisition partially offset by $234,000 in purchases of property, plant, and equipment. Cash used in financing activities of $152,000 was the result of payments made on lease lines of credit. Exchange rate changes had a $608,000 favorable effect on cash.

U.S. IOL Profitability Strategy

"We have recently developed a new strategic roadmap designed to return the U.S. IOL product line to profitability," added Mr. Caldwell. "The strategy is to rationalize our current IOL product offering by focusing on products that command premium pricing in the market. We have already received NTIOL designation for our Affinity Collamer Aspheric IOL from CMS, which allows for additional reimbursement per lens when provided to a Medicare patient in an ambulatory surgical center. Most recently, we submitted a new NTIOL application for our STAAR Collamer Aspheric Single Piece IOL which can be injected with our new nanoPOINT delivery system through a 2.2 mm incision. Our next steps include pursuing additional NTIOL submissions as well as clear regulatory pathways for the Collamer Toric IOL and the preloaded silicone IOL offerings. This rationalization will allow us to offer four IOL products in the premium pricing segment. As a result, our goal is to achieve profitability for our rationalized IOL product line offering early next year," Mr. Caldwell concluded.

Conference Call

The Company will host a conference call and webcast on Tuesday, May 6, 2008 at 5:00 p.m. Eastern Time to discuss the Company's first quarter and current corporate developments. The dial-in number for the conference call is 866-250-3615 for domestic participants and 303-262-2004 for international participants.

A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will be available for seven days. This replay can be accessed by dialing 800-405-2236 for domestic callers and 303-590
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SOURCE STAAR Surgical Company
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