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FOR IMMEDIATE RELEASE
For more information, please contact:
Jessica Clark
Senior Marketing Manager
VisionWeb
512-241-8561
jclark@visionweb.com
- Or -
Ellen Wein or Courtney Haines
Transitions Optical Inc.
412-456-4300
Transitions Optical, Inc. Becomes Equity Investor in VisionWeb
Austin, Texas - January 7, 2004 - VisionWeb, L.P., the online service to help eyecare providers streamline and simplify their practices, announced today that Transitions Optical, Inc., the market leader in photochromic technology, has joined VisionWeb as its seventh equity investor.
"We are excited to be joining VisionWeb as an equity investor and are looking forward to a strong future together," said Transitions Optical, Inc.'s president Rick Elias. "In VisionWeb, we see an organization creating innovative technology to drive our industry forward, and Transitions Optical shares that vision. Transitions is pleased to play a key role in an initiative that will help drive efficiencies for lens manufacturers, laboratory partners and eyecare professionals."
"We welcome Transitions to the VisionWeb family," said VisionWeb's president and CEO Jeffrey Saddington. "The new relationship with Transitions helps strengthen VisionWeb by adding another visionary market leader to the VisionWeb board of directors. Transitions will now have a seat at the table and be able to help steer the future direction of VisionWeb."
In addition, VisionWeb will become the exclusive sponsor of the Cyber Café for attendees at the Transitions Academy through 2008. Transitions Academy is an annual training conference designed to provide business-building education to Transitions? industry partners. VisionWeb will sponsor and host a Cyber Café for industry professionals attending Transitions Academy. Financial details of the agreement were not disclosed.
Transitions joined VisionWeb's six other equity investors: Johnson & Johnson Vision Care, Inc., manufacturer of the world's three best-selling contact lens brands; Essilor of America, Inc., the nation's leading manufacturer and distributor of spectacle lenses; Advanced Medical Optics, the respected producer of ophthalmic pharmaceuticals and other products; Jobson LLC, the top publisher of ophthalmic industry and clinical information; Marchon Eyewear, Inc., the world's largest privately owned producer and distributor of fashion eyewear, as well as the largest provider of practice management software to the US market; and the American Optometric Association, a professional association representing more than 33,000 doctors of optometry, students of optometry, and paraoptometric assistants.
ABOUT TRANSITIONS OPTICAL, INC.
Transitions Optical, headquartered in Pinellas Park, Fla., was the first to successfully commercialize a plastic photochromic lens in 1990. The company is the leading supplier of photochromic lenses to optical manufacturers worldwide. Transitions Optical offers the most advanced photochromic technology and the widest selection of lens designs, materials and brand names.
Transitions Optical has manufacturing operations in Pinellas Park; Tuam, Ireland; Laguna, Philippines; Sumare, Brazil; and Adelaide, Australia. Sales offices are located in Toronto, Canada and nine other countries. For more information about the company and Transitions Lenses, visit www.transitions.com or contact Transitions Optical Customer Service at 1-800-848-1506.
ABOUT VISIONWEB
Headquartered in Austin, Texas, VisionWeb, L.P. is the online service to help eyecare providers simplify and streamline their practices. VisionWeb offers online multi-payer insurance transaction processing; convenient and direct-to-supplier online ordering; one-stop access to ophthalmic clinical news and information; customizable eyecare practice Web sites; and other benefits for opticians, optometrists, ophthalmologists, optical manufacturers, laboratories, distributors and patients. For more information or to register, please visit www.visionweb.com.
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