LASERVISION REPORTS 14% INCREASE IN 1ST QTR REVENUES.

Laser Vision Centers, Inc., (Nasdaq:LVCI), St. Louis, has announced that revenue for the first quarter ended July 31, 2001, increased 14% to $25,311,000 from $22,237,000 for the same quarter a year ago. Net income for the first quarter ended July 31, 2001, was $253,000 or $0.01 per share ($0.01 per share diluted) compared to $1,155,000 or $0.05 per share ($0.04 per share diluted) for the same quarter last year.

LaserVision performed 32,997 U.S. refractive cases during the first quarter ended July 31, 2001 compared to 31,347 U.S. cases for the same year ago period, a 5% increase. As of July 31, 2001, LaserVision operated 107 lasers in the United States providing access to over 665 surgeons in more than 315 locations in 47 states. Through its Midwest Surgical Services (MSS) division, LaserVision performed 8,379 cataracts and YAG laser procedures during the period ended July 31, 2001, compared to 5,052 procedures for the period ended July 31, 2000. It operated 37 cataract delivery systems during the quarter.

LaserVision also announced that on August 31, 2001 it completed its previously announced acquisition of ClearVision Laser Centers of Lakewood, Colorado. ClearVision's lasers and case volume were not included in the reported results of the company's fiscal first quarter since the acquisition was made after the completion of the quarter. ClearVision performed more than 8,740 procedures during the quarter.

Commenting on the results, LaserVision chairman and CEO, John J. Klobnak said, "The case volume for the quarter is reflective of the typical seasonality we experience during the summer. However, I believe these results are quite respectable in the midst of the weak economic conditions. We believe the completion of our acquisition of ClearVision will further complement the benefits we anticipate from our previously announced proposed merger with TLC Laser Centers, Inc."

LaserVision is one of the world's largest providers of excimer lasers, related equipment and support services for the treatment of nearsightedness, farsightedness and astigmatism.

For more information, call 314/434-6900 or visit http://www.laservision.com.