TLC Comments On Status of Lasik Vision Litigation.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Sept. 1, 2000 Due to media and investor speculation revolving around the Company's litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. settlement agreement with Lasik Vision Corporation, TLC TLC total lung capacity; thin-layer chromatography. TLC abbr. 1. thin-layer chromatography 2. Laser Eye Centers Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TLCV)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TLC) issued the following clarification. The litigation between TLC and Lasik Vision was settled on a nuisance value basis for an amount substantially less than the cost of TLC's anticipated legal fees had the matter proceeded to trial. About TLC Laser Eye Centers TLC operates 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. centers throughout North America and is the largest provider of laser vision correction services in the world. TLC's core business strategy is providing excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. eye surgery in partnership with its network of more than 12,500 affiliated doctors. TLC's common shares trade on the NASDAQ National Market under the symbol 'TLCV' and on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol 'TLC'. Forward Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the U.S. Securities and Exchange Act of 1934 and Section 21E of the Securities Exchange Act of 1934, which statements can be identified by the use of forward looking terminology, such as "may", "will", "expect", "anticipate", "estimate", "predict", "plans" or "continue" or the negative thereof or other variations thereon or comparable terminology referring to future events or results. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous factors, including the timing of acquisitions and expansion opportunities, any of which could cause actual results to vary materially from current results or TLC's anticipated future results. See the Company's reports filed with the Toronto Stock Exchange and the U.S. Securities and Exchange Commission from time to time for cautionary statements identifying important factors with respect to such forward looking statements, including certain risks and uncertainties, that could cause actual results to differ materially from results referred to in forward looking statements. TLC assumes no obligation to update the information contained in this press release. |
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