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NEOLENS INITIATES LEGAL PROCEEDINGS AGAINST ESSILOR

 MIAMI, July 26 /PRNewswire/ -- Neolens, Inc. (NASDAQ: NEOL) announced today that it has initiated legal proceedings against Essilor of America, Inc. and its parent, Essilor International (Compagnie Generale D'Optique) of France, to recover damages in excess of $2 million caused by Essilor with respect to the Distribution Agreement between the companies. Neolens received a letter from Essilor of America, Inc. stating that the Distribution Agreement between the two companies was being unilaterally terminated and requesting that Neolens register the restricted shares of common stock acquired by Essilor from Neolens.
 Since the Distribution Agreement was entered into, net sales to Essilor have approximated only 8 percent of Neolens' total sales. During this time, Neolens has established a strong customer base which includes National Vision Associates, Ltd. (NASDAQ: NVAL) and Cole Vision Corporation, two of the largest retail optical chains in the United States. National Vision Associates, which just recently expanded into Canada and Mexico with Neolens' products, will now be selling and promoting Neolens products in Europe.
 After three years of development, Neolens is in the final stages of completing the design of a new premium progressive (no-line) lens for Neolens' distribution. The new design is considered a commercial breakthrough and should be in production and available for sale by the end of the year. Additionally, Neolens is establishing Rx laboratory operations, which will be an integral part of a new sales and marketing program. The lab is scheduled to be open for business by Aug. 1 and is expected to generate additional sales immediately based on arrangements already in place.
 Neolens, Inc. has developed a patented manufacturing process which produces high quality polycarbonate lenses without the distortion and stress previously associated with polycarbonate lenses. Polycarbonate lenses have significant advantages over lenses made of glass or conventional hard resin plastic in terms of thinness, lightness, impact strength and protection from ultra-violet rays. Polycarbonate lenses can also be made thinner than lenses made of high index plastic and still exceed mandated FDA impact standards, while costing much less and providing retailers higher profit margins.
 -0- 7/26/93
 /CONTACT: Philip G. Heinemann, CFO of Neolens, Inc., 305-651-0003/
 (NEOL NVAL)


CO: Neolens, Inc.; Essilor of America, Inc.; Essilor International of
 France; National Vision Associates, Ltd.; Cole Vision Corporation ST: Florida IN: MTC SU:


RC-SS -- FL007 -- 5641 07/26/93 11:07 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
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