LARGO, Fla., Aug. 1 The Unilens Vision Inc.(OTC Bulletin Board: UVICF) (TSX Venture Exchange: UVI) Board of Directorstoday declared its third consecutive special cash dividend and its eighthconsecutive quarterly dividend. The special cash dividend of US $0.30 percommon share and its regular quarterly dividend of US $0.09 per common shareare both payable August 28, 2008 to stockholders of record at the close ofbusiness on August 14, 2008.
The regular quarterly dividend of US $0.09 per share, which on anannualized basis of US $0.36 per share provides a dividend yield of 10.7%based on the closing price of our common stock in the U.S. on Thursday, July31, 2008. The amount of future dividends will depend on earnings, cash flow,and all other aspects of our business as determined by the board of directors.
"The special and quarterly dividends are based on our strong balance sheetand projected significant operating cash flows," stated Michael J. Pecora,President and Chief Executive Officer of Unilens Vision Inc. "We are pleasedto be in a position to return profits back to our shareholders whilecontinuing to execute our growth strategy."
About Unilens Vision Inc. - "The Eye Care Professionals Specialty ContactLens Company"
Established in 1989, Unilens Vision Inc., through its wholly ownedsubsidiary Unilens Corp., USA, located in Largo, Florida, develops, licenses,manufactures, distributes and markets specialty contact lenses under theC-Vue, Unilens, Sof-Form, Aquaflex, SoftCon, Lombart, and LifeStyle brands.Additional information on the Company may be accessed on the Internet atwww.unilens.com. The Company's common stock is listed on the OTC BulletinBoard under the symbol "UVICF" as well as the Canadian TSX Venture Exchangeunder 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 historicalinformation, consists of forward-looking statements that involve risk anduncertainties that could cause actual results to differ materially from thosedescribed in such statements. For a discussion of certain factors that couldcause actual results to differ materially from those described in theforward-looking statements, please refer to the Company's most recent filingswith the SEC and the TSX Venture Exchange. The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy or accuracy ofthis release.
For more information, please contact:
Leonard F. Barker CFO, Unilens Vision Inc. at (727) 544-2531
SOURCE Unilens Vision Inc.