Company Profile For TLC Vision Corporation

TLC Vision Corporation (TLCVision), incorporated on May 28, 1993, is an eye care services company providing care directly to patients and as a partner with their doctors and facilities. The majority of the Company’s revenues come from owning and operating refractive centers that employ laser technologies to treat common refractive vision disorders such as myopia (nearsightedness), hyperopia (farsightedness) and astigmatism. In its doctor services business, the Company furnishes doctors and medical facilities with mobile or fixed site access to refractive and cataract surgery equipment, supplies, technicians and diagnostic products, as well as owns and manages single-specialty ambulatory surgery centers. In its eye care business, the Company provides franchise opportunities to independent optometrists under its Vision Source brand.

BRIEF: For the six months ended 30 June 2009, TLC Vision Corporation's revenues fell 22% to $127.9M. Net loss totaled $8.2M vs. an income of $3.9M. Revenues reflect an decrease in income from Refractive centers and lower income from Doctor services business segment. Net loss reflects a decline in gross profit, a decrease in interest income, a rise in interest expenses and the presence of other expense, net vs., an income.