Eye Care International Restructures Self Funded Alternatives Deal.TAMPA, Fla. -- Eye Care International, Inc. (EYCI EYCI Eye Care International Inc (stock symbol) ) has restructured its acquisition of Self Funded Alternatives, or SFA See sales force automation. SFA - Sales Force Automation . Principals of SFA have returned all stock and substantially all cash received from Eye Care International, but will be permitted to distribute the Eye Care International Vision plan to the groups it serves. Clark A. Marcus, Eye Care International's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "SFA's distribution could represent significant business and ongoing potential for Eye Care International. Our Vision Plan is valuable to SFA's clients. Eye Care International will provide favorable pricing to SFA so the company can easily offer the Eye Care International Vision Plan along with its product offerings, enabling both companies to profit." "The modification of our deal will occur immediately," Marcus concluded. To achieve the goals originally addressed in the acquisition, senior management, after discussion with SFA management, feels it would be more profitable for both companies to operate independently. SFA may contribute revenue to Eye Care International's bottom line through SFA's membership base. As part of the restructuring plan, Eye Care International will retain its 100% ownership of LBI LBI Long Beach Island (New Jersey Shore) LBI Leo Baeck Institute LBI Limited Background Investigation LBI Legally Binding Instrument LBI Leveraged Buy In LBI Long Baseline Interferometer LBI Last Block Indicator Brokerage which, management believes, may significantly contribute to its sales revenues via the sale of Eye Care International Vision Plan memberships. About Eye Care International Eye Care International, Inc. owns and operates the nation's largest discount Vision Network, with approximately 14,000 provider locations nationwide. It is the only national discount vision plan providing the services of Ophthalmologists (Eye M.D.s) who discount all of their services. Eye Care International's services include all cosmetic surgical procedures such as LASIK LASIK laser-assisted in-situ keratomileusis. LA·SIK n. Eye surgery in which the surface of the cornea is reshaped using a laser, performed to correct certain refractive disorders such as myopia. vision correction and Co2 Laser Skin Resurfacing Skin Resurfacing Definition Skin resurfacing employs a variety of techniques to change the surface texture and appearance of the skin. Common skin resurfacing techniques include chemical peels, dermabrasion, and laser resurfacing. at savings on both products and services ranging from 20% to 60%. Visit www.ecivisionplan.com for information about Eye Care International and its Vision Plans. This press release may contain forward-looking statements, which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve risk and uncertainties, including, but not limited to, the successful implementation of the Company's programs, availability of financing and results of financing efforts. Further information regarding these and other risks is described from time to time in filings with the SEC |
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