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STAAR Surgical Company Announces Dismissal of Legal Action filed by NovaStaar Investments, LLC, and Lamar F. Laster, Jr

  • 2001-10-15
  • Press release

MONROVIA, Calif., Oct. 15 /PRNewswire/ -- STAAR Surgical Company (Nasdaq: STAA) today announced that NovaStaar Investments, LLC and LaMar F. Laster, Jr. dismissed an action filed in the Delaware Chancery Court to gain inspection of certain books and records belonging to the Company.

Founded in 1982, STAAR Surgical Company develops, manufactures and globally distributes medical devices for use in refractive, cataract and glaucoma surgery. The Company's five product lines include silicone and Collamer(TM) foldable intraocular lenses and the Sonic WAVE(TM) phacoemulsification system, all of which are used during cataract surgery, the ICL(TM) (implantable contact lens) that is a refractive lens for the treatment of near- and far-sightedness and the AquaFlow(TM) collagen glaucoma drainage device. Regulatory approvals vary from market to market with all products available in Europe and all except the ICL(TM) in the United States.

Certain statements in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on expectations as of the date of a particular release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in STAAR Surgical Company's reports filed with the Securities and Exchange Commission.

For additional information, about STAAR Surgical Company, visit the Company's web site at or . You may wish to contact David Bailey, President, STAAR Surgical, or John Santos, Chief Financial Officer, STAAR Surgical, at (626) 303-7902. To contact Bill Roberts, President, CTC, Inc., or Wayne Buckout, CTC Inc., please call (937) 434-2700.

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SOURCE STAAR Surgical Company

CONTACT: David Bailey, President, or John Santos, Chief Financial Officer of STAAR Surgical, +1-626-303-7902; or Bill Roberts, President, or Wayne Buckout of CTC Inc., +1-937-434-2700/