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EYE TECHNOLOGY, INC. DECLARES 1-FOR-10 REVERSE STOCK SPLIT

 ST. PAUL, Minn., March 17 /PRNewswire/ -- Eye Technology, Inc. announced today that its board of directors has declared a 1-for-10 reverse stock split of the company's common stock effective as of the close of business on April 2, 1993. Following the reverse split each share of common stock, $.01 par value per share, will become one tenth share of common stock, $.01 par value. The reverse stock split was approved by the company's stockholders at the 1992 Annual Meeting of Stockholders.
 All fractional share interests resulting from the reverse split will be rounded up to the nearest whole number of shares. Following the reverse split, the company will issue new stock certificates to all stockholders of record on April 2, 1993, reflecting the number of shares of common stock owned as a result of the reverse split. All common stock certificates issued prior to April 2, 1993 will only represent the right to receive a new stock certificate for the post split number of shares of common stock.
 The board of directors also announced today the appointment of Norwest Bank Minnesota, N.A. as the new stock transfer agent for the company's common stock, effective April 2, 1993.
 Eye Technology, Inc., based in St. Paul, manufactures and markets intraocular lenses used by opthalmic surgeons during cataract surgery. The company's common stock is quoted on the over-the-counter market via the National Quotation Service "pink sheets."
 -0- 3/17/93
 /CONTACT: Debra J. McCoy, vice president - marketing and communications of Eye Technology, 612-774-9060 or 800-328-9060/


CO: Eye Technology, Inc. ST: Minnesota IN: MTC SU:

AL -- MN004 -- 7077 03/17/93 13:21 EST
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Publication:PR Newswire
Date:Mar 17, 1993
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