ORANGEBURG, N.Y., May 18, 2009 (GLOBE NEWSWIRE) -- Vision-Sciences, Inc., (Nasdaq:VSCI) ("Vision-Sciences") notified The Nasdaq Stock Market on May 15, 2009 that it does not meet the Nasdaq requirement that its audit committee contain three independent directors as a result of the resignation, effective May 15, 2009, of John J. Wallace as an independent board member and one of three members of its audit committee. Mr. Wallace resigned for personal reasons, not as a result of any disagreement with the management or the board of directors of Vision-Sciences. The board expressed its deep gratitude to Mr. Wallace for his many years of devoted service and guidance to Vision-Sciences.
