LCA-Vision stockholders also voted in favor of the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending December 31, 2009 and voted against ratification of the Company's Stockholders Rights Plan.

Commenting on current business conditions, Mr. Woods stated, "Although various surveys and indices indicate some optimism about economic conditions and consumer sentiment, it is our experience that many Americans are closely watching expenses and are limiting their spending primarily to essential items. Our management team at LCA-Vision, with full Board support, has implemented multiple programs in an attempt to sustain procedure volume in this challenging environment. However, consumer reluctance to spend on elective surgical procedures is continuing to have a negative impact on procedure volume at our LasikPlus(R) centers. Procedure volume in April and May has declined approximately 45% from the comparable period last year and we currently anticipate continued softness throughout 2009. The decline in discretionary spending impacted procedure volume to a greater extent in 2008 in the second half of the year, which could favorably impact year-over-year comparisons as 2009 progresses.

"As discussed in previous public announcements, our management has taken steps to control judiciously center-level and general and administrative expenses and conserve cash, positioning LCA-Vision to weather the current economic environment, while remaining committed to providing positive patient experiences and to optimize clinical outcomes," he added. "We have already experienced the majority of the benefit of these actions and expect only modest incremental cost reductions in these expenses in the coming quarters. We will continue monitoring our marketing activities with the intent of aligning marketing expense with procedure volume as appropriate, which could lead to a reduction in marketing spending. We also are considering additional actions, including closing underperforming vision centers."