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The LCA-Vision Full Value Committee Urges LCA-Vision (NASDAQ: LCAV) Stockholders to Reject the Status Quo
Date:3/6/2009

not.

If:

  • You are satisfied with the Company's loss of approximately 90% of stockholder value, you should vote to keep the current Board and management team.
  • You are satisfied with losing national market share while at the same time much of your money has been spent to open 19 more vision centers, you should vote to keep the current Board and management team.
  • You are satisfied with the Board continuing to significantly dilute shareholders with generous equity awards to themselves and the management team, including approximately 2% of the outstanding shares in a single grant just last Monday that we believe may have been a violation of the caps in the Company's own stock incentive plans, you should vote to keep the current Board and management team.
  • You are satisfied with the Company's same store procedure volume lagging the industry as it has done for the last seven quarters, you should vote to keep the current Board and management team.
  • You are satisfied with the Company continuing to rapidly burn through its remaining cash reserves, which it appears they will do far more rapidly than they have told you, you should vote to keep the current Board and management team.
  • You are comfortable with the Company diversifying into new business lines with questionable revenues and uncertain margins while at the same time the core LASIK business is hemorrhaging $2.5 million of cash per month, you should vote to keep the current Board and management team.
  • You want to suffer the same fate as the stockholders of MSO Medical (Mr. Straus's last venture) which filed for bankruptcy, you should vote to keep the current Board and management team.
  • You are comfortable with the Company continuing to promise you a rosy future while yet again justifying its subpar performance, you should vote to
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SOURCE The LCA-Vision Full Value Committee
Copyright©2009 PR Newswire.
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2. LCA-Vision to Present at the Raymond James 30th Annual Institutional Investors Conference
3. Glass Lewis Recommends Shareholders Support LCA-Vision Board of Directors and Reject All Three Proposals by Dissident Joffe Group
4. The LCA-Vision Full Value Committee Files Detailed Presentations
5. LCA-Vision Reports Tangible Results from Business Strategy
6. LCA-Vision Announces Appointment of Edgar F. Heizer to Board of Directors
7. LCA-Vision Announces Consent Solicitation Deadline; Urges Stockholders to Return Gold Consent Revocation Card
8. LCA-Vision Announces Fourth Quarter and Full Year 2008 Financial Results
9. LCA-Visions National Lasik Network Named as U.S. Provider for National Vision Administrators
10. 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
11. LCA-Vision to Hold Corporate Update Conference Call and Q&A Session on February 6
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