Exhibit 99.1 Contacts: Dr. Stephen Joffe, CEO LCA-Vision Inc. (513) 792-9292 Joel Pomerantz The Dilenschneider Group (212) 922-0900 LCA-VISION TO ACQUIRE ALL OF THE STOCK OF SUMMIT TECHNOLOGY'S RCII SUBSIDIARY CINCINNATI, July 23 -- LCA-Vision Inc. (NASDAQ:LCAV), a leading competitor in the fast-growing refractive laser vision correction sector, today agreed to acquire all of the outstanding stock of Summit Technology, Inc.'s (NASDAQ:BEAM) Refractive Centers International, Inc. (RCII) subsidiary in exchange for 17 million shares of LCA-Vision common stock. The agreement provides that RCII will have a cash balance of $10 million at closing. It is also subject to regulatory approval under the terms of the Hart Scott Rodino Act. When the deal is completed, LCA-Vision will have a total of 43 laser vision correction locations in the U.S., Canada, and Europe including 19 free-standing centers formerly owned and operated by RCII and six additional "centers of excellence" located at prestigious university medical centers/hospitals. # # #