DEL MAR, Calif., April 7, 2003 (PRIMEZONE) -- Eyemakers, Inc., (Pink Sheets:EYEM) announces the signing of a letter of intent (LOI) with a public company that provides LASIK corrective eye surgery to its patients in the Southwest. This LOI sets the stage for Eyemakers to acquire a company which has projected 2003 revenues of over $2 million. The two companies are now in the process of finalizing a share purchase agreement which will be announced in coming weeks.
Ernest b. Remo, Chairman and CEO of Eyemakers, Inc., stated "If completed as planned, this acquisition will provide Eyemakers with immediate access to a growing revenue stream, healthy margins and an expanding customer base. This is just the first of several actions we plan to take this year to build the company and improve shareholder value."
For more information about Eyemakers, Inc., please contact Ernest Remo at (858-259-4534
About the LASIK Procedure
LASIK, short for in-situ keratomileusis, is a form of laser eye surgery done to correct refractive errors - when the lens and corneas, or front window of the eye, don't focus light precisely on the retina. Nearsightedness occurs when the cornea is too curved, and farsightedness when the cornea is too flat. LASIK reshapes the cornea to correct nearsightedness, farsightedness and astigmatism, which is an irregularly shaped cornea.
About Eyemakers, Inc.
Eyemakers, Inc., was established in 1995 to provide management services for independent optometrists. In 2000, the Company became a provider of refractive eye surgery (LASIK) services. Due to an ongoing consolidation in the LASIK industry, the Company has revised its business model to minimize fixed costs while providing certain complimentary services to its customers, including non-invasive cosmetic procedures. The Company's research has shown that a high percentage of LASIK patients, when offered, will avail themselves of these services. The Company is currently considering a number of alternatives, including potential mergers and acquisitions, to better position itself for growth in accordance with its new model.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may the Company's plans to change and in no way are intended to guarantee that the Company will be successful in executing it plans. Eyemakers, Inc., common stock currently trades on the over-the-counter market "Pink Sheets" under the symbol "EYEM". This press release in no way constitutes any recommendation regarding the securities of Eyemakers, Inc., or its affiliates. Though its securities are publicly traded, Eyemakers has failed to comply with its obligations to make periodic filings with the U.S. Securities and Exchange Commission. Accordingly, the nature and extent of information usually available to the public regarding companies whose securities are publicly traded are not available regarding Eyemakers, Inc. Any person reading this press release is advised that this release should be considered in light of all facts and circumstances regarding the business and financial condition and prospects of Eyemakers, Inc., and no inference is made that this release contains all such information.