ICON Laser Eye Centers, Inc. Performs 7,581 Laser Vision Correction Procedures In August 2000.Business Editors TORONTO--(BUSINESS WIRE)--Sept. 6, 2000 Comparison Of August 2000 To July 2000 Down 5.1% Month-to-Month Sequentially Principally Because Of The August Vacation Shutdown shut·down n. A cessation of operations or activity, as at a factory. shutdown Noun the closing of a factory, shop, or other business Verb shut down In Italy But Up 422% From August Of 1999 ICON Laser Eye Centers, Inc. (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :ILEC (Incumbent Local Exchange Carrier) A traditional local telephone company such as one of the Regional Bell companies (RBOCs). Contrast with CLEC. See ELEC and TELRIC. .) (ICON) a leading international laser vision correction (LVC LVC Lebanon Valley College LVC Laser Vision Correction LVC Live Virtual Class (Sun Microsystems) LVC Levi's Vintage Clothing LVC Live Virtual Constructive (simulation space) LVC Low Voltage Cutoff ) provider announced that 7,581 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. and/or PRK PRK photorefractive keratectomy. Photorefractive keratectomy (PRK) A procedure that uses an excimer laser to make modifications to the cornea and permanently correct myopia. procedures were performed at ICON wholly owned and affiliated centers during the month of August 2000. This figure represents an approximate 422% increase over 1,452 LVC procedures performed in August 1999. August 2000 procedures fell approximately 5.1% from 7,990 LVC procedures in July 2000 due to traditional European summer slowdowns. In ICON's monthly total, 2,747 LVC procedures can be attributed to ICON's joint venture partnership with VisionAmerica Incorporated (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VSNA VSNA Vermont State Nurses' Association, Inc. VSNA Vines Sna Service .OB). Of the centers where ICON and VSNA have currently rolled out ICON "Value LASIK" marketing programs, 12 of these centers reported attributable procedures in August 2000 since ICON only reports surgeries not consultations. "Once again, ICON had a very solid month despite the European seasonality factor that has historically affected the Company in July and August," said Ghassan Barazi, COO of ICON. "ICON's Value LASIK model continues to produce positive procedure growth in both new and maturing markets. During the month of August, ICON's corporate care program was very successful in signing preferred-pricing LASIK contracts with a number of nationally recognized health care plan providers and affinity groups A special interest group. This is a marketing term for a group of people with similar interests. . The Company anticipates returning to positive sequential monthly procedure growth during September 2000." ICON expects that every year July and August will report downward comparisons on a sequential basis versus second quarter results. On a year-to-year basis, however, overall procedures continue to show significant increases. ICON is the only LVC centers company with an extensive European commitment. Many European countries traditionally have businesses close for vacation in either July or August. Overall, Europe has experienced substantially slower LVC growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , mainly as a result of stricter rules relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the advertising of medical procedures. ICON will continue its European expansion in order to maintain a strong operating base when LVC procedures become as popular as the statistics indicate in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .
Total Paid For LVC Procedures
Monthly Increases %
1999 2000 Year to Year Month To Month
January 1,172 4,089 249 % 38.0 %
February 1,340 4,612 244 % 12.8 %
March 1,823 6,243 242 % 35.3 %
Qtr 1 4,335 14,944
April 1,876 6,662 255 % 6.7 %
May 2,384 7,664 221 % 15.0 %
June 2,081 9,165 340 % 19.5 %
Qtr 2 6,341 23,491
July 1,733 7,990 361 % (12.8 %)
August 1,452 7,581 422 % (5.1 %)
September 2,356
Qtr 3 5,541
October 2,982
November 3,675
December 2,957
Qtr 4 9,614
Total 25,831 54,006
There are currently 21,506,824 common shares of ICON issued and outstanding. About ICON Laser Eye Centers, Inc. ICON is a leading international provider of laser vision correction services in North America and Europe. ICON is building a consumer brand name selling "Value LASIK" under a banner of "Excellence At An Affordable Price." ICON operates fixed laser centers in Canada, the USA, England, Sweden and Italy, with ICON mobile units currently operating in Europe only. ICON is also operating a series of joint-ventured laser vision correction centers in co-operation with VisionAmerica Incorporated (OTCBB:VSNA.OB). ICON owned and managed centers are currently operating at a rate of 7,581 procedures per month in its most recent month of August 2000. Certain information in this document includes "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of applicable securities laws. In addition, from time to time ICON or its executive officers have made or may make forward-looking statements, orally or in writing, that involve substantial risks and uncertainties. Actual results could differ materially form those projected or suggested by any forward-looking statements as a result of a wide variety of risks, factors and conditions. Such risks include, but are not limited to, market acceptance of new products and technologies; the ability of ICON to obtain additional capital; risks that negotiated transactions in process may not be successfully completed; economic, competitive, governmental and technological factors affecting ICON's operations and markets; unanticipated events and other various factors. The reader is specifically referred to all disclosures contained in this document and in prior documents publicly disseminated by ICON. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion