LARGO, Fla.—Unilens Vision Inc. (OTC Bulletin Board: UVICF; TSX Venture Exchange: UVI), which develops, licenses, manufactures, distributes and markets specialty contact lenses, today reported its operating results for the first quarter ended Sept.30, 2008 (FY 2009).

Net sales, excluding royalty income, increased 5.3 percent to $1,761,526 in FY 2009 first quarter, compared with $1,673,361 in the previous year first quarter (FY 2008). The increase was primarily a result of continued growth of the Company's C-Vue brand of specialty contact lenses, sold exclusively to licensed eyecare professionals, the company said.

FY 2009 first quarter net income increased 23.6 percent to a record first quarter of $466,367, compared with $377,296 in the previous year quarter.

Royalty income for the FY 2009 first quarter increased 16.4 percent to a record first quarter of $713,397 compared with $612,799 in the prior-year quarter. Sales of licensed products by Unilens’ licensee Bausch & Lomb continue to increase, resulting in continued double-digit royalty income growth.

FY 2009 first quarter income before taxes increased 24.6 percent to a record first quarter $768,259 compared with $616,501 in the prior-year quarter. After recording net income tax expense of $301,892, Unilens reported net income of $466,367 for the quarter. In the FY 2008 first quarter, the Company reported net income of $377,296, which included income tax expense of $239,205.

"We are pleased to report record first quarter sales, royalties and income for our FY 2009 first quarter," stated Michael J. Pecora, CEO of Unilens Vision Inc. "Strong double-digit growth for our C-Vue brand of lenses sold exclusively to independent practitioners, combined with a 16 percent growth in royalty revenue derived from Bausch & Lomb's sales of multifocal lenses that use our key technologies, was responsible for this outstanding performance."

"I am also pleased to report that the Unilens' board of directors declared its regular quarterly dividend of US $0.09 per common share, payable next Friday Nov. 28, 2008." This decision was based on the company's strong balance sheet, and projected operating cash flows and is consistent with the Board's commitment that shareholders should share directly in the earnings achieved by management while continuing to execute our growth strategy," concluded Pecora.