TLC Vision Corporation
TSX : TLC
NASDAQ : TLCV

TLC Vision Corporation

October 06, 2005 09:00 ET

TLCVision Announces Completion of 2 Million Share Repurchase Program

ST. LOUIS, MISSOURI--(CCNMatthews - Oct. 6, 2005) - TLC Vision Corporation (TSX:TLC)(NASDAQ:TLCV), North America's premier eye care services company, announced today that it has completed its share repurchase program by acquiring a total of 2 million shares of TLCVision common stock.

"The Company continues to believe the current share price does not reflect TLCVision's performance or its future prospects," says Jim Wachtman, TLCVision's President and CEO. "We have aggressively executed this repurchase program to demonstrate our commitment to strengthening shareholder value while we continue to invest for long-term growth."

About TLCVision

TLCVision is North America's premier eye care services company, providing eye doctors with the tools and technologies needed to deliver high-quality patient care. Through its centers management and technology access service models, TLCVision maintains leading positions in Refractive, Cataract, Optometric Services and AMD markets. More information about TLCVision can be found on the web site at www.tlcv.com.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, which statements can be identified by the use of forward looking terminology, such as "may", "will", "expect", "intend", "anticipate", "estimate", "predict", "plans" or "continue" or the negative thereof or other variations thereon or comparable terminology referring to future events or results. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous factors, including the timing of expenditures, effects of competition, changes to pricing, acquisitions and expansion opportunities, any of which could cause actual results to vary materially from current results or TLCVision's anticipated future results. See the Company's reports filed with the Canadian Securities Regulators and the U.S. Securities and Exchange Commission from time to time for cautionary statements identifying important factors with respect to such forward looking statements, including certain risks and uncertainties, that could cause actual results to differ materially from results referred to in forward looking statements. TLCVision assumes no obligation to update the information contained in this press release.

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