ADVISORY/ICON And Lasik Announce Business Combination.

Business Editors

ADVISORY . . . for Tuesday, (Jan. 30)

TORONTO & VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 30, 2001

ICON Laser Eye Centers Inc. (CDNX:YIL.U) ("ICON") and Lasik Vision Corporation ("Lasik") (CDNX:LSK.) are pleased to announce that their respective Boards of Directors have unanimously approved a business combination of the companies to create the largest laser vision correction (LVC) company in the world.

Under the terms of the agreement ICON will make an offer for all the issued shares of Lasik on the basis of one ICON share for two Lasik shares.

The combined company will have approximately 70 laser eye centers, and will be a dominant company in the Value Lasik sector of the market. Combined, the company will perform more than 200,000 LVC procedures annually and will combine the successful low cost revenue model developed by ICON with the systems for standardized medical procedures developed by Lasik.

The business combination is expected to result in substantial operational efficiencies including reductions in selling, general and administrative expenses, marketing and advertising expenses. These annual savings are expected to be substantial in the first full year following the business combination.

    Who: Ghassan Barazi, President of ICON and Neville Fridge,
         President and CEO of Lasik

    What: Messrs Barazi and Fridge will host a conference call to
          discuss the business combination

    When: Tuesday January 30th at 12:00pm.

    How: Interested parties can participate on the conference call by
    dialling 1-800-273-9672 or 416-695-5806. A taped replay of the
    conference call will also be made available from January 29th at
    2:00 pm until February 6th, at 11:59pm, by calling 1-800-408-3053
    or 416-695-5800 and entering the reference number 681881.