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 third quarter and first nine months of FY 2008.

Net sales, excluding royalty income, for the quarter ended March 31, 2008 increased to $1,668,397 compared with $1,634,429 in the prior-year quarter ending March 31, 2007, an increase of 2.1 percent. The increase was primarily the result of continued growth of the company's C-Vue multifocal contact lenses, which increased approximately 11 percent in the current quarter, which was partially offset by sales of Unilens’ replacement products lines that declined as expected, the company said.

Royalty income for the quarter increased 15.3 percent to $628,993 compared with $545,293 in the prior-year quarter. Sales of licensed products by licensee Bausch & Lomb continue to increase, resulting in continued double digit royalty income growth, the statement noted.

For the quarter, the company reported net income of $368,730, compared with net income of $372,355 in the prior-year quarter.

For the nine months ended March 31, 2008, net sales excluding royalty income, increased 3.8 percent to $4,854,119 as compared to $4,677,358 for the prior-year period. Net sales of the company's C-Vue multifocal contact lenses increased approximately 12 percent during the first nine months of fiscal year 2008, while sales of replacement products lines declined.

Net income for the nine months increased 24.2 percent to $1,121,941, compared with $903,697 in the prior-year period.

Royalty income for the nine months ended March 31, 2008 increased 21.1 percent to a record $1,888,641, compared with $1,559,496 in the prior-year period.

"We are pleased to report our 21st consecutive quarter of profitability driven by increased royalty income from Bausch and Lomb's multifocal sales utilizing our patented licensed technology," stated Michael J. Pecora, CEO of Unilens Vision Inc. "Sales of our C-Vue brand disposable multifocal and single vision lenses also continue to steadily increase, achieving double digit growth."