LARGO, Fla., Aug. 9 /PRNewswire-FirstCall/ -- Unilens Vision Inc. announced today that the TSX Venture Exchange has approved its normal course issuer bid whereby the Company may purchase for cancellation up to 224,190 of its common shares, representing 5% of the current issued and outstanding common shares of the Company. The bid will commence on August 21, 2006 and end on August 20, 2007. All shares purchased will be effected solely through the facilities of the TSX Venture Exchange. Unilens has not purchased any of its common shares over the last 12 months.
The Board of Directors believe that the current market price of its shares may not reflect the underlying value of the business and is therefore a worthwhile investment and an opportunity to create value for its shareholders.
About Unilens Vision Inc. - “The Eye Care Professionals Specialty Contact Lens Company”
Established in 1989, Unilens Vision Inc., through its wholly owned subsidiary Unilens Corp., USA, located in Largo, Florida, develops, licenses, manufactures, distributes and markets specialty contact lenses under the C- Vue, Unilens, Sof-Form, Aquaflex, SoftCon, Lombart, and LifeStyle brands. Additional information on the Company may be accessed on the Internet at http://www.unilens.com . The Company’s common stock is listed on the OTC Bulletin Board under the symbol “UVICF” as well as the Canadian TSX Venture Exchange under the symbol “UVI”.
(Note: All financial information in this release is stated in U.S. Dollars.)
The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. For a discussion of certain factors that could cause actual results to differ materially from those described in the forward- looking statements, please refer to the Company’s most recent filings with the SEC and the TSX Venture Exchange. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact: Michael Pecora, CFO, Unilens Vision Inc. at (727) 544-2531
Unilens Vision Inc.
CONTACT: Michael Pecora, CFO, Unilens Vision Inc., +1-727-544-2531
Web site: http://www.unilens.com/