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Neksia Returns with New Feature

The Best-Selling Edger Ever Has Returned Now with High Curve Capability

• Base curve coverage to 8, with adjustable bevel height, width and position

• High-quality finished jobs and reduced re-dos

• Greater variety of eyeglasses edged in-house, including those with high-wrap

• Available with optional drilling

For more information contact your local Essilor Instruments Territory Manager, call us directly at: 1-888-337-1429, ext. 1, or email us: info@essilorinstruments.ca.

Dr. Catherine Chiarelli OD, FAAO, Diplomate BVPPO 1964 – 2019

Following a valiant and courageous battle with cancer, The Vision Institute of Canada very sadly reports that Dr. Catherine Chiarelli passed away on on August 3rd.  Dr. Chiarelli worked tirelessly as a pediatric optometrist and advocate for children’s vision. She graduated from the University of Waterloo, School of Optometry in 1988 and subsequently completed a Residency in Children’s Vision at the University of Alabama, School of Optometry in 1990.

Dr. Chiarelli worked closely with many optometrists, pediatricians, teachers, early childhood intervention specialists, occupational therapists and parents, to help children develop strong vision skills. She actively participated on many committees to develop better eye care services for children and adults. These committees included the Ontario Association of Optometrists Children’s Vision Working Group, the Ontario Blind Low Vision Program, the College of Optometrists of Ontario Clinical Practice and Patient Relations Committees and the American Academy of Optometry Admittance Committee. She also directed the Vision Institute’s clinical teaching programs providing clinical training for optometry interns as well as educational workshops and seminars for other health care professionals.

Between 2012 and 2014, Catherine helped develop and deliver clinical outreach programs to the on-reserve elementary schools of Sagamok First Nation and M’Chigeeng First Nation, providing comprehensive eye exams and free glasses to the children in these communities. For her dedicated work with the children in these First Nations schools, she was awarded a Lifetime Achievement Award by the Anishinabek Nation in August 2019.

She will be greatly missed by her many patients and colleagues, friends and family, and by the profession she dedicated her life’s work to.

Please view the full tribute to Dr. Chiarelli from The Vision Institute of Canada.

New Look Vision Reports Solid Results and the 20th Consecutive Quarter of Comparable Store Sales Growth

New Look Vision Group reported financial results today for the 13 and 26 week periods ended June29, 2019 (“Q2 2019”).

 Q2 2019 Financial and Operational Highlights

• Revenues increased by 1.0% over last year to $78.1 million.

• Comparable store sales orders were up by 1.6% compared to the second quarter of last year, marking the 20thconsecutive quarter of comparable store sales growth.

• Total operating expenses as a percentage of revenues decreased by 3.4% to 80.4% for the second quarter compared to the same period last year.

• Adjusted EBITDA reached $15.5 million, an increase of 1.6% over last year and increased 1.0% on a per diluted share basis to $0.99.

• Net earnings attributable to shareholders reached $6.8 million, compared to $4.0 million last year, the increase being mainly attributable to higher EBITDA and lower depreciation expenses offset by higher incomes taxes. Net earnings on a per diluted share basis were $0.44, compared to $0.26 last year, an increase of 69.2%.

 Year-to-date Financial and Operating Results

• Year-to-date revenues and adjusted EBITDA reached a record $149.5 million and $27.2 million respectively, which represent increases of 1.7% and 1.9% respectively over last year. Comparable store sales year-to-date were up 2.1% over last year.

• Total operating expenses as a percentage of revenues decreased by 1.9% to 82.7% for the 26-week period compared to the same period last year.

• Net earnings attributed to shareholders were $8.9 million or $0.57per diluted share, compared to $6.2 million last year or $0.40 per diluted share.

Antoine Amiel, the President and CEO of New Look Vision, stated that: “New Look Vision has delivered a 20thconsecutive quarter of comparable store sales growth in spite of very poor spring weather across Canada which dampened sales of sun wear, a staple of opticals’ second quarters. The earnings and cash flow were strong nevertheless. We further delivered on our single store consolidation strategy, adding one store in Ontario and two in Atlantic Canada. Concurrently, we invested in Topology’s business and technology which we believe will significantly differentiate our omnichannel model. New Look Vision continues to pursue both organic and external growth aggressively.”

Click HERE for the full press release.

Register Now: Division and Committee Meetings at Vision Expo West

The Vision Council will host a series of member meetings and events during Vision Expo West 2019. Click on the meeting name below to go directly to the registration page for that event, and view the full schedule here.

Tuesday, Sept. 17
Lens Technical Committee 8 a.m.–10 a.m.
Optical Retail Division Meeting 10 a.m.–12 p.m.
Lens Product Description Standard Committee 10:30 a.m.–12 p.m.
Data Communication Standard Committee 1 p.m.–5 p.m.
Wednesday, Sept. 18
EOL Steering Committee Meeting
**Closed Meeting – Steering Members Only**
7 a.m.–11 a.m.
Insights: An All Member Session 8 a.m.–12 p.m.
Lab Steering Committee Meeting 12 p.m.–1:30 p.m.
Lens Division Meeting 1 p.m.–2 p.m.
Lens Processing & Technology Division Meeting 2 p.m.–3:30 p.m.
Lab Division Meeting 2 p.m.–4 p.m.
Eyewear & Accessories Division Meeting 3 p.m.–4:30 p.m.
EOL Committee Meeting 4 p.m.–6 p.m.
EOL Mentor Meet & Greet 6:30 p.m.–7:30 p.m.
Lab Division Hall of Fame Dinner 2019 6:30 p.m.–9:30 p.m. Treasure Island Hotel and Casino
Thursday, Sept. 19
COLA Advisory Boards Meeting 10 a.m.–12 p.m.
EOL Networking Event 7 p.m.–10 p.m. Top Golf
 
Friday, Sept. 20
Sunglass and Reader Division Reception 5:30 p.m.–7:30 p.m. The Bouchon, located on the 10th floor of the Venezia Tower in the Venetian Las Vegas (accessible by guest elevators)

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