Gimbel Vision Sells Interest in Gimbel Eye Centre - Toronto; New Toronto Centre Planned.CALGARY, ALBERTA--(BUSINESS WIRE)--Sept. 23, 1997-- Gimbel Vision International Inc. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). GBV GBV Guided By Voices GBV Gemeinsamer Bibliotheksverbund (Library Service Northern Germany) GBV Gender Based Violence GBV Gross Book Value (accounting) .) Gimbel Vision International Inc. (GBV-ASE) announces the sale of its 51 percent interest in Gimbel Eye Centre - Toronto, Inc. to D.E.W. Healthcare Consultants Inc., thereby concluding their joint venture relationship. It is the intention of Gimbel Vision to establish a wholly owned Gimbel Eye Centre in Toronto within the next 90 to 120 days. Gimbel Vision retains the rights to the "Gimbel Eye Centre" name, logo, materials, trademarks and use of the Care Track(TM) system. Until the new facility is open, Gimbel Vision has made arrangements to continue to perform surgery at an existing practice. Gimbel Vision sees the sale of Gimbel Eye Centre - Toronto and the development of a new wholly owned facility as a tremendous opportunity for long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth. Gimbel Eye Centre - Toronto has been accepted enthusiastically by clients in Toronto, and the company believes that a more conveniently located facility will have the capability to meet the rapidly growing demand for refractive refractive capacity to refract light. refractive error a difference between the focal length of the cornea and lens, and the length of the eye, resulting in myopia or hyperopia. and other laser surgeries in the greater Toronto area The Greater Toronto Area (widely abbreviated as the GTA) is the most populous metropolitan area in Canada. The GTA is a provincial planning area with a population of 5,555,912 at the 2006 Canadian Census. . Gimbel Vision International owns interests in eye surgery centres operating in six countries. The company grants the use of the Gimbel Eye Centre name and Care Track(TM) system of providing high quality patient care. To date, the company's physicians have performed over 18,000 refractive eye surgeries Refractive eye surgery A general term for surgical procedures that can improve or correct refractive errors by permanently changing the shape of the cornea. Mentioned in: Myopia . -0- NOTE TO EDITORS: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Gimbel Vision International Inc. Ed Belanger, 403/202-3320 403/202-3322 (FAX) http://www.gimbelvision.com |
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