Gimbel Vision Reports Continued Strong Growth in Procedure Volumes.

CALGARY, Alberta--(BUSINESS WIRE)--Nov. 2, 1998--Gimbel Vision International Inc. (Alberta Stock Exchange:GBV) reports the number of paid refractive procedures performed at its centres rose to 4,272 for the three month period ended September 30, 1998.

This is up 67 percent from the 2,555 procedures performed during the same period last year.

Same-store growth continues to increase with volumes from those centres in operation during the past twelve months increasing 53 percent during the third quarter of 1998 compared to 1997. Of special note is the significant growth at the recently added centres in Rio de Janeiro, Brazil; Sacramento, Calif.; Eugene, Ore.; and Toronto, Ontario. The procedures performed during the third quarter at these centres increased an average of 72 percent over the second quarter of 1998.

Glenn Gimbel, GVI's president and CEO commented, "The Company is extremely pleased with the continued growth in procedure volumes. Some of our most recently added centres have exceeded our expectations for new ventures, and the demand for laser and other refractive surgeries continues to grow in all our markets. The broad range of procedures offered by our surgeons demonstrates that Gimbel Vision continues to be a leading-edge provider of quality vision correction services."

Financial results for the third quarter will be released before the end of November 1998.

Gimbel Vision International is a public company that owns or is partnered with vision correction surgery centres across North and South America and the Asia-Pacific regions. To date, the company's surgeons have performed over 30,000 refractive eye surgeries in Canada alone. Gimbel Vision's shares are listed on the Alberta Stock Exchange and trade under the symbol "GBV."

The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.