[bc]Eyelogic Continues Record Performance[/bc]

CALGARY, June 18 /CNW/ - Eyelogic Systems Inc. ("Eyelogic") is pleased to report substantial growth in earnings and revenues for the first quarter ended March 31, 2002. The following are some of the Company's financial highlights:

- Revenues doubled to $643,022 in the first quarter 2002 from $310,473 for the same period in 2001;

- Earnings before income taxes increased to $153,065 ($0.06/share) for the first quarter 2002 compared to $51,947 ($0.02/share) for the same period in 2001;

- Return on net assets on a annualized pre-tax basis improved to 43.4% for the first quarter 2002 compared to 16.2% for the same period in 2001;

- Equipment rental income increased to $221,222 ($0.08/share) for the first quarter 2002 compared to $156,255 ($0.06/share) for the same period in 2001.

Eyelogic takes great pride in standing out as a technology company with solid earnings growth. Testimonials from clients (and their customers) are our strongest marketing advantage. We remain unchallenged in the area of remote sight testing systems. The term "sight testing" now seems to be synonymous
with the name Eyelogic. Our technology allows for a seamless tele-health application between trained professionals where sight-testing data is captured by trained technicians and then forwarded to physicians or optometrists for analysis.

Eyelogic Systems Inc. (EYE.A/TSX Venture) has proprietary and patent rights to a software application package that allows technicians, under the supervision of physicians, to provide remote sight testing, delivering highly accurate results. The
Company delivers a turnkey operation to its' clients through sales and rentals of computers and Ophthalmic equipment.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.