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STAAR Surgical Reports Third Quarter Results
Date:10/30/2007

ter of 2006. Third quarter cataract sales were $6,532,000, up 9.6% compared with the third quarter of 2006. International sales for the first nine months of 2007 were $28,487,000, up 16.6% compared with the same period of 2006.

"We have continued to achieve strong growth in both our cataract and refractive product categories in the international markets," said David Bailey, president and CEO of STAAR Surgical. "In cataract, we achieved 9.6% sales growth during the third quarter compared with last year, and significantly, this included 14.6% growth in Germany. In our international refractive franchise, we achieved 45% sales growth compared with the third quarter of 2006, which more than offset the challenges we faced in our U.S. refractive business and led to 17.1% overall growth in this product category. We believe we can continue to achieve strong growth in the international markets and are pursuing a number of strategic initiatives to support future opportunities including continued geographic expansion into high potential markets such as China, India and Japan.

"Our agreement to buy out the interests of all other shareholders in Canon Staar Co., Inc., our joint venture in Japan, underscores the international nature of our business and our commitment to exploiting opportunities where we have been most successful. The acquisition, announced last week, consolidates our intellectual property portfolio, especially in preloaded injectors where Canon Staar has demonstrated technological leadership.

"Declines in the U.S. market in the third quarter are partly a continuation of a long-term trend, but also reflect short-term disruption resulting from the radical steps we have taken in an effort to reverse the trend," continued Mr. Bailey. "In this last quarter, we implemented our strategy of developing separate sales forces for the cataract and refractive product lines. This change brings our U.S. marketing approach in line with our global approach, where
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SOURCE STAAR Surgical Company
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