ORANGEBURG, N.Y., June 30, 2008 (PRIME NEWSWIRE) -- Vision-Sciences, Inc., (Nasdaq:VSCI) (“Vision-Sciences” or the “Company”), today announced results for its fiscal fourth quarter (“Q4 08") and fiscal year ended March 31, 2008 (“FY 08"). Net sales in FY 08 were $9.9 million, an increase of $0.5 million, compared to net sales in FY 07 of $9.5 million, resulting in a loss of $9.3 million in FY 08 as compared to income of $20.1 million in FY 07. During the same period, sales in the medical segment increased by $130,000, or 2%, to $6.9 million, while sales of the industrial segment of $2.7 million were virtually unchanged as compared FY 07. Sales of our health services segment, which started in the October 2007 through our subsidiary BEST DMS, Inc., were $337,000 in FY 08 (over a period of 6 months).
