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The LCA-Vision Full Value Committee Commences Consent Solicitation to Elect New Board of Directors at LCA-Vision (Nasdaq: LCAV) and Sends Letter to Stockholders
Date:2/9/2009

ir own "skin in the game." They continue to reward themselves handsomely with generous compensation packages. But for stockholders with huge investment losses, it is indeed a sorry state of affairs. You deserve better!

The LCA-Vision Full Value Committee (the "Committee") owns approximately 11.4% of LCA-Vision's outstanding shares. We are currently the Company's largest stockholder. The Committee includes the founders and former executive management team of LCA-Vision - the very executives who built the Company from the ground up into the industry leader it once was. We are committed to taking the necessary steps to quickly turn around the Company that we built into one of the fastest growing small cap companies in the United States, according to Fortune magazine and Business Week.

Ask yourselves whether the interests of the current Board and management team are truly aligned with the best interests of its stockholders. They collectively own just over 1% of the outstanding shares - about half of that in stock options and restricted stock they gave themselves. Consider also that in 2008, when the Company's financial results were sharply deteriorating, this Board granted CEO Steve Straus an 8% raise and then doubled his golden parachute severance payments from one to two years. Clearly, while stockholders have suffered mightily, the wallets of this Board and management team have gotten fatter.

Management claims the economy is the problem. Don't be taken in! Look at the Company's market share, for instance. Under CEO Steve Straus, the Company has lost nearly a third of its national market share, even with nearly one- third more vision centers in operation. Under our management team, by contrast, the Company's market share increased from 4.9% in 2002 to 14.9% in 2006. No matter how you look at the Company's recent performance, you reach the same conclusion: LCA-Vision is a grossly mismanaged a
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SOURCE LCA-Vision Full Value Committee
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3. LCA-Vision Reports Fourth Quarter and Full-Year 2007 Financial Results
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5. LCA-Vision Announces the Opening of its 74th LasikPlus Vision Center in Des Moines, Iowa
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