NEOLENS TO SUPPLY INTERNATIONAL MARKETS FOR NATIONAL VISION ASSOCIATES, LTD.
MIAMI, May 10 /PRNewswire/ -- Neolens, Inc. (NASDAQ: NEOL), a Miami- based manufacturer of polycarbonate ophthalmic lenses, announced today that National Vision Associates, Ltd. (NASDAQ: NVAL) will be stocking and selling Neolens ophthalmic polycarbonate lenses in their international markets of Canada and Mexico. NVAL's president and chief executive officer, G. Daniel Siewert III, stated, "Neolens has proven to be a valued partner and we look forward to continuing this mutually beneficial relationship." Earlier this week, NVAL announced they have signed an agreement with Zellers Inc., a subsidiary of the Hudson Bay Co. to open and operate approximately 160 vision centers in Zellers within the next three years. In October, NVAL entered into an agreement with Almacenes Aurrera, S.A. de C.V., a subsidiary of Cifra, S.A. de C.V., to open 20 vision centers in Aurrera retail discount stores located in Mexico. NVAL currently operates two such vision centers. 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- 5/10/93 /CONTACT: Philip G. Heinemann, CFO of Neolens, Inc., 305-651-0003/ (NEOL NVAL)
CO: Neolens, Inc.; National Vision Associates, Ltd. ST: Florida IN: MTC REA SU:
AW-SB -- FL007 -- 6419 05/10/93 10:48 EDT
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|Date:||May 10, 1993|
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