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TSX:BCI  $



Press Releases

Year 2016


December 13th, 2016
New Look Vision Group Inc. Completes Acquisition of Retail Optical Chain in Brithish Columbia

See Release


November 4th, 2016
New Look Vision Group Inc. Announces Record Third Quarter Results for the Period Ended September 24, 2016 and its Quarterly Dividend

See Release


October 19th, 2016
New Look Vision Group Inc. Agrees to Acquire Retail Optical Chain in British Columbia

See Release


August 5th, 2016
New Look Vision Group Inc. Announces Second Quarter Results for the Period Ended June 25, 2016 and its Quarterly Dividend

See Release


August 2nd, 2016
New Look Vision Group Inc. To Hold Second Quarter 2016 Results Conference Call

See Release


May 5th, 2016
New Look Vision Group Inc. Announces Record First Quarter Results for the Period Ended March 26, 2016 and its Quarterly Dividend

See Release


May 4th, 2016
New Look Vision Group Inc. to Hold First Quarter 2016 Results Conference Call

See Release


April 7th, 2016
New Look Vision Group Inc. Adds to Greater Montreal Market Presence

See Release


March 14th, 2016
New Look Vision Group Inc. Announces Record Revenues and Net Earning for 2015 and its Quarterly Dividend.

See Release


March 9th, 2016
New Look Vision Group Inc. to Hold Fourth Quarter 2015 Results Conference Call.

See Release


February 9th, 2016
New Look Vision Group Inc. Completes Acquisition of Forward Vision Group Inc.

See Release


MORE PRESS RELEASE
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NEW LOOK VISION GROUP INC. COMPLETES ACQUISITION OF FORWARD VISION GROUP INC.

Montréal, Québec, February 9, 2016: New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today that it has completed its acquisition of the retail optical assets and business forming part of Forward Vision Group Inc. carrying on business principally under the iVision banner in south western Ontario at 15 retail locations. As previously announced, the purchase price was $13 million subject to customary adjustments and was financed by New Look Vision from its current banking facilities.

Antoine Amiel, President and Director of New Look Vision stated that: “With this acquisition completed, New Look Vision establishes a further foothold in Ontario, Canada’s most populated province, and continues its expansion across Canada.”


As of January 31st, 2016, New Look Vision had 13,461,866 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada comprised of a network of 208 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4119.

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NEW LOOK VISION GROUP INC. TO HOLD FOURTH QUARTER 2015 RESULTS CONFERENCE CALL

Montréal, Québec, March 11th - New Look Vision Group Inc. (TSX: BCI) ("New Look") announced today that it will present its fourth quarter results for 2016 during a conference call on Tuesday, March 15th, 2016 at 1:00 p.m. EST for the financial community. The financial results will be made public in a press release that will be issued on the newswire prior to the conference call. The Press Release and the Management’s Discussion & Analysis will be posted SEDAR (www.sedar.com) and also on its own website www.newlookvision.ca).

Financial analysts and investors are invited to attend this conference call:

CONFERENCE CALL

Time and date: Tuesday, March 15th at 1:00 p.m. EST
Dial-in number: 1-877-223-4471 (toll-free)
1-647-788-4922 (long-distance/international)

Media and other interested individuals are invited to listen to the full replay:

CONFERENCE RECORDING PLAYBACK

Availability dates March 15th, 2016 (4:00 p.m. EST)to April 6th, 2016 (11:59 p.m. EST)
Acess telephone number 1-800-585-8367 ou (416) 621-4642
Reservation number 71031950



As of February 29th, 206, New Look had 13,463,366 Class A common shares issued and outstanding. New Look is a leader in the eye care industry in Eastern Canada having a network of 193 corporate stores mainly under the New Look, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

For additional information please see our website at www.newlookvision.ca. For enquiries, please contact Lise Melanson at (514) 877-4119.

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NEW LOOK VISION GROUP INC. ANNOUNCES RECORD REVENUES AND NET EARNINGS FOR 2015 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, March 14, 2016 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), formerly New Look Eyewear Inc., announced today its financial results for the fourth quarter and the year ended December 26, 2015 and its quarterly dividend.

Fourth quarter results

New Look Vision reported record revenues of $44.6 million and an adjusted EBITDA(1) of $9.7 million for the fourth quarter ended December 26, 2015 representing increases of 9.3% and 28.8% respectively over last year. The increases were mainly due to the addition of the Greiche & Scaff stores acquired in October 2014 as well as to same store sales growth. Same store sales for the quarter increased by 4.3% over last year.

Adjusted net earnings attributed to shareholders(1) for the fourth quarter, that is net earnings adjusted to remove the impact of acquisition-related costs increased by 53.1% which resulted in a per share amount of $0.30(2) compared to $0.21 last year. Without the adjustments, net earnings per share for the fourth quarter were $0.27 compared to $0.15 last year. These figures reflect the improvement in EBITDA and additional depreciation and amortization, along with a decrease in financial expenses.

Cash flows from operating activities (before changes in working capital) were $6.95 million or $0.50 per share(2) in the fourth quarter of 2015 compared to $6.48 million or $0.47 per share last year. The cash flow situation improved despite payments of current income taxes of $2.1 million in the fourth quarter of 2015 compared to $70,000 last year.

Annual results

Year-to-date revenues and adjusted EBITDA reached $174.6 million and $33.5 million respectively, which represent increases of 24.5% and 24.0% respectively over last year. Net earnings attributed to shareholders of $9.2 million ($0.67 per share)(2) were up compared to $7.8 million last year ($0.59 per share). However, net earnings adjusted to remove the impact of a tax settlement announced in the previous quarter, acquisition-related costs and restructuring costs attained $12.6 million, that is $3.2 million over last year. Adjusted net earnings per share (2) increased to $0.92 from $0.72 last year, despite additional depreciation, amortization and financial expenses and additional shares issued over the last four quarters. Same store sales orders year-to-date were up 4.8% over last year.

Cash flows from operating activities (before changes in working capital) increased to $27.7 million or $2.01 per share from $24.3 million or $1.83 per share last year. The cash flow situation improved despite payments of current income taxes of $4.5 million compared to $81,000 last year.

More detail on the financial performance of the fourth quarter and the financial year are available in the attachments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: “We are pleased to report a strong operating and financial performance in the fourth quarter, resulting in record revenues and profitability for the quarter and 2015 as a whole. Revenues and adjusted EBITDA for the year reached $174.6 million and $33.5 million respectively. Same store sales were up 4.8% while cash flow from operations was very strong, reaching $27.7 million ($2.01 per share). These and other positive operating and financial factors are concrete evidence of the success of our strategic growth plan in recent years, both generic and by acquisition.

We continue to monitor the opportunities arising from the ongoing consolidation of the Canadian retail optical industry. Subsequent to year-end in this regard, we successfully completed the acquisition of a chain of fifteen locations operating principally under the iVision banner in the strategic southwestern Ontario market as well as a leading high-end boutique. We expect such activity to continue through 2016 and beyond.”

Dividend approval

Following the approval of the results of the fourth quarter of 2015 and taking into account the solid cash inflows from operations in the quarter, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on March 31, 2016 to the shareholders of record as of March 23, 2016. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan implemented in 2014, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Annexes

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

1) EBITDA, Adjusted EBITDA and adjusted net earnings are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures
2) Per share amounts are expressed on a diluted basis.




As of February 29, 2016, New Look Vision had 13,463,366 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 214 corporate stores mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff and iVision banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.

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NEW LOOK VISION GROUP INC. ADDS TO GREATER MONTREAL MARKET PRESENCE

Montréal, Québec, April 7, 2016: New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today that it has recently completed the acquisition of five additional retail optical outlets operating in the greater Montreal, Quebec region. Formerly operating under the ZYEU Optometrists banner, three of the new stores will operate under the Greiche & Scaff banner, one under the New Look Eyewear banner and the remaining store will be independently bannered. Estimated annual revenues for the stores is $5.1 million and the purchase price was $5.3 million, financed from internal cash resources.

Antoine Amiel, President and Director of New Look Vision stated that: “The addition of these five locations adds greater depth to our overall Montreal area market presence, including stores at Marché Central, St. Bruno, Lachenaie, Laval and Repentigny and confirms our number one position in the key metropolitan area in Eastern Canada.”


As of March 31st, 2016, New Look Vision had 13,529,772 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada comprised of a network of 212 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4119.

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NEW LOOK VISION GROUP INC. TO HOLD FIRST QUARTER 2016 RESULTS CONFERENCE CALL

Montréal, Québec, May 6th, 2016 - New Look Vision Group Inc. (TSX: BCI) ("New Look") announced today that it will present its first quarter results for 2016 during a conference call on Friday, May 6th, 2016 at 3:00 p.m. EST for the financial community. The financial results will be made public in a press release that will be issued on the newswire prior to the conference call. The Press Release and the Management’s Discussion & Analysis will be posted SEDAR (www.sedar.com) and also on its own website www.newlookvision.ca).

Financial analysts and investors are invited to attend this conference call:

CONFERENCE CALL

Time and date: Friday, May 6th at 3:00 p.m. EST
Dial-in number: 1-877-223-4471 (toll-free)
1-647-788-4922 (long-distance/international)

Media and other interested individuals are invited to listen to the full replay:

CONFERENCE RECORDING PLAYBACK

Availability dates May 6th, 2016 (6:00 p.m. EST) to May 28th, 2016 (11:59 p.m. EST)
Access telephone number: 1-800-585-8367 ou (416) 621-4642
Reservation number 72629507



As of April 30th, 206, New Look had 13,531,272 Class A common shares issued and outstanding. New Look is a leader in the eye care industry in Eastern Canada having a network of 212 corporate stores mainly under the New Look, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

For additional information please see our website at www.newlookvision.ca. For enquiries, please contact Lise Melanson at (514) 877-4119.

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NEW LOOK VISION GROUP INC. ANNOUNCES RECORD FIRST QUARTER RESULTS FOR THE PERIOD ENDED MARCH 26, 2016 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, May 5, 2016 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today its financial results for the first quarter ended March 26, 2016 and its quarterly dividend.

First quarter results

New Look Vision reported record first quarter revenues of $44.6 million and adjusted EBITDA(1) of $7.3 million for the quarter ended March 26, 2016 representing increases of 6.7% and 8.5% respectively over last year. The increases were mainly due to the net addition of 14 stores since the beginning of 2016 as well as to same store sales growth. Same store sales for the quarter increased by 1.2% over last year.

Adjusted net earnings attributed to shareholders(1) for the first quarter, that is net earnings adjusted to remove the impact of acquisition-related costs, increased by 18.9% which resulted in a per share amount of $0.15(2) compared to $0.13 last year. Without the adjustments, net earnings per share for the first quarter were $0.13 compared to $0.12 last year. These figures reflect the improvement in EBITDA and lower financial expenses.

Cash flows from operating activities (before changes in working capital items) were $4.0 million or $0.29 per share(2) in the first quarter of 2016 compared to $6.1 million or $0.44 per share last year. The difference is attributable to the payments of estimated balances of income taxes for 2015 along with instalments for 2016. Excluding 2015 tax instalments paid, the cash flow from operating activities (before changes in working capital items) would have been $6.3 million, which is $0.2 million or 3.3% above last year. Cash flows before income taxes paid and changes in working capital were $6.74 million in this quarter as compared to $6.65 million last year.

More detail on the financial performance of the first quarter are available in the attachments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: "Q1 was a solid quarter with respect to operating and financial results, as we focused on operations and integration of the various acquisitions completed since December 2013.

During the quarter, we closed the acquisition of 16 optical clinics, 15 of which are located in the strategic southwestern Ontario market. We continue to aggressively monitor opportunities arising from the ongoing consolidation of the Canadian retail optical industry."

Dividend approval

Following the approval of the results of the first quarter of 2016 and taking into account the solid cash inflows from operations in the quarter, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on June 30, 2016 to the shareholders of record as of June 22, 2016. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Attachements

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

1) EBITDA, Adjusted EBITDA and adjusted net earnings are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures.
2) Per share amounts are expressed on a diluted basis.




As of May 5, 2016, New Look Vision had 13,531,272 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 212 corporate stores mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff and iVision banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.

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NEW LOOK VISION GROUP INC. TO HOLD SECOND QUARTER 2016 RESULTS CONFERENCE CALL

Montréal, Québec, August 2nd, 2016 - New Look Vision Group Inc. (TSX: BCI) ("New Look") announced today that it will present its second quarter results for 2016 during a conference call on Monday, August 8th, 2016 at 1:00 p.m. EST for the financial community. The financial results will be made public in a press release that will be issued on the newswire prior to the conference call. The Press Release and the Management’s Discussion & Analysis will be posted SEDAR (www.sedar.com) and also on its own website www.newlookvision.ca).

Financial analysts and investors are invited to attend this conference call:

CONFERENCE CALL

Time and date: Monday, August 2nd at 1:00 p.m. EST
Dial-in number: 1-877-223-4471 (toll-free)
1-647-788-4922 (long-distance/international)

Media and other interested individuals are invited to listen to the full replay:

CONFERENCE RECORDING PLAYBACK

Availability dates August 2nd, 2016 (4:00 p.m. EST) to August 30th, 2016 (11:59 p.m. EST)
Access telephone number: 1-800-585-8367 ou (416) 621-4642
Reservation number 72624498



As of July 31st, 2016, New Look had 13,553,020 Class A common shares issued and outstanding. New Look is a leader in the eye care industry in Eastern Canada having a network of 212 corporate stores mainly under the New Look, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

For additional information please see our website at www.newlookvision.ca. For enquiries, please contact Lise Melanson at (514) 877-4119.

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NEW LOOK VISION GROUP INC. ANNOUNCES SECOND QUARTER RESULTS FOR THE PERIOD ENDED JUNE 25, 2016 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, August 5th, 2016 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today its financial results for the second quarter ended June 25, 2016 and its quarterly dividend.

Second quarter results

New Look Vision reported record revenues of $50.5 million and adjusted EBITDA(1) of $10.4 million for the second quarter ended June 25, 2016, representing increases of 8.0% and 2.9% respectively over last year. The increases were mainly due to the net addition of 20 stores in the last twelve months as well as same store sales growth of 1.8% over last year.

Net earnings attributed to shareholders for the second quarter were $4.1 million (or $0.30 per share(2)) compared to $4.4 million last year (or $0.32 per share), the decrease being due to additional depreciation, amortization and financial expenses arising from acquisitions, and income tax adjustments for prior years. Adjusted net earnings attributed to shareholders(1) for the second quarter, that is net earnings adjusted to remove the impact of acquisition-related costs were $0.32(2) per share compared to $0.33 for last year. Income tax adjustments for prior years represented $196,000.

Cash flow from operating activities before income taxes paid and changes in working capital items was $9.8 million or $0.71 per share(2) in the second quarter of 2016 compared to $9.6 million or $0.70 per share last year. Income tax instalments paid in the second quarter of 2016 were $1.5 million compared to $0.7 million for 2015.

Year-to-date results

Year-to-date revenues and adjusted EBITDA reached a record $95.1 million and $17.6 million respectively, which represent increases of 7.4% and 5.1% respectively over last year. Net earnings attributed to shareholders were $5.9 million ($0.43 per share)(2) compared to $6.0 million last year ($0.44 per share). Net earnings adjusted to remove the impact of acquisition-related costs were $6.5 million, or $0.25 million over last year. Adjusted net earnings per share (2) increased to $0.47 from $0.46 last year, despite additional depreciation and amortization and additional shares issued over the last four quarters. Same store sales orders year-to-date were up 1.5% over last year.

Cash flow from operating activities before income taxes paid and changes in working capital was $16.5 million or $1.19 per share in the year-to-date period compared to $16.3 million or $1.18 per share last year. In the first six months of 2016, New Look Vision made total tax payments of $4.2 million compared to $1.2 million last year, including prior period adjustments and current year instalments.

More detail on the financial performance of the second quarter and the year-to-date period ended June 25, 2016 is available in the attachments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: "Q2 was a solid quarter of revenue and profitable growth as we focused on operations and the integration of the various acquisitions completed in recent years. We continue to aggressively monitor opportunities arising from the ongoing consolidation of the Canadian retail optical industry and hope to successfully expand our footprint across the country."

Dividend approval

Following the approval of the results of the second quarter of 2016 and taking into account the solid cash inflows from operations in the quarter, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on September 30, 2016 to the shareholders of record as of September 23, 2016. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Attachements

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

- Table E - Reconciliation of Cash Flows from Operating Activities, Before Income Taxes Paid and Changes in Working Capital Items

1) EBITDA, Adjusted EBITDA, Adjusted net earnings and Cash flows from operating activities before income taxes paid and changes in working capital items are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures. See Table E for reconciliation of cash flows.
2) Per share amounts are expressed on a diluted basis.




As of June 30, 2016, New Look Vision had 13,552,593 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 212 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.

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________________

NEW LOOK VISION GROUP INC. AGREES TO ACQUIRE RETAIL OPTICAL CHAIN IN BRITISH COLUMBIA

Montréal, Québec, October 19, 2016: New Look Vision Group Inc. (TSX: BCI) (“New Look Vision” or “the Company”), announced today that it has entered into a definitive agreement to acquire substantially all the assets of Visions One Hour Optical Ltd. which carries on business principally under the Visions Optical banner in local communities across British Columbia

Founded in 1988 and operated by the Martens family, the business is based in Abbotsford, British Columbia and has 10 retail optical locations in key local markets across the province, including Vancouver Island (Victoria (3) and Nanaimo), the lower mainland (New Westminster, Abbotsford and Chilliwack) and in the interior (Penticton and Prince George (2)). Revenues for the 12 months ended July 31, 2016 are estimated to be $5.2 million. The purchase price will be $6.6 million, subject to customary price adjustments and will be financed by New Look Vision from current banking facilities.

Antoine Amiel, President and Director of New Look Vision stated that: “Although currently small in stature, this successful chain has an established footprint in key local communities across British Columbia and will be a solid base for future growth in Canada’s third largest market after Ontario and Quebec. Entering British Columbia is another step forward towards our goal of becoming a national player across Canada.”

The acquisition of Visions Optical is expected to close on or about December 1, 2016.


As of September 30th, 2016, New Look Vision had 13,564,878 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada comprised of a network of 212 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson at (514) 877-4119.

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NEW LOOK VISION GROUP INC. ANNOUNCES RECORD THIRD QUARTER RESULTS FOR THE PERIOD ENDED SEPTEMBER 24, 2016 AND ITS QUARTERLY DIVIDEND

Montréal, Québec, November 4th, 2016 :New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today its financial results for the third quarter ended September 24, 2016 and its quarterly dividend.

Third quarter results

New Look Vision reported record revenues of $49.0 million and adjusted EBITDA(1) of $8.0 million for the third quarter ended September 24, 2016, representing increases of 18.3% and 12.5% respectively over last year. The increases were mainly due to the net addition of 20 stores in the last twelve months as well as same store sales growth of 9.1% over last year.

Net earnings attributed to shareholders for the third quarter were $2.1 million (or $0.15 per share(2)) compared to a loss of ($0.6) million last year (or ($0.05) per share), the increase being due to lower financial expenses and lower income tax expense, in addition to the strong sales and operating performance. Adjusted net earnings attributed to shareholders(1) for the third quarter, that is net earnings adjusted to remove the impact of acquisition-related costs were $0.16(2) per share compared to $0.16 for last year.

Cash flow from operating activities before income taxes paid and changes in working capital items was $7.7 million or $0.56 per share(2) in the third quarter of 2016 compared to $6.8 million or $0.50 per share last year. Income tax instalments paid in the third quarter of 2016 were $1.4 million compared to $1.1 million for 2015.

Year-to-date results

Year-to-date revenues and adjusted EBITDA reached a record $144.0 million and $25.6 million respectively, which represent increases of 10.9% and 7.3% respectively over last year. Net earnings attributed to shareholders were $8.0 million ($0.58 per share)(2) compared to $5.4 million last year ($0.39 per share). Net earnings adjusted to remove the impact of acquisition-related costs were $8.8 million, or $0.30 million over last year. Adjusted net earnings per share (2) increased to $0.63 from $0.62 last year, despite additional depreciation and amortization and additional shares issued over the last four quarters. Same store sales year-to-date were up 4.0% over last year.

Cash flow from operating activities before income taxes paid and changes in working capital was $24.2 million or $1.75 per share in the year-to-date period compared to $23.1 million or $1.68 per share last year. In the first nine months of 2016, New Look Vision made total tax payments of $5.6 million compared to $2.4 million last year, including prior period adjustments and current year instalments.

More detail on the financial performance of the third quarter and the year-to-date period ended September 24, 2016 is available in the attachments.

President's comments

Antoine Amiel, the President of New Look Vision, stated that: "Propelled by a strong comparable store sales performance, as well as by the ongoing integration of recently acquired locations, in Q3 the Company achieved a very positive financial and operating performance with revenues and profitability hitting record levels for this reporting period. We also continue to aggressively monitor acquisition opportunities arising from the ongoing consolidation of the Canadian retail optical industry and, subsequent to quarter end, announced that the company had entered into an agreement to acquire a local chain in British Columbia, Canada's third largest market. This follows the February 9, 2016 acquisition of a chain of 15 stores in Southwestern Ontario, operating under the iVision banner."

Dividend approval

Following the approval of the results of the third quarter of 2016 and taking into account the solid cash inflows from operations in the quarter, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on December 31, 2016 to the shareholders of record as of December 22, 2016. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Through the dividend reinvestment plan, shareholders residing in Canada may elect to re-invest their cash dividends into New Look Vision shares, without incurring brokerage commissions, fees and transaction costs. Until any further announcement, shares will be issued from treasury at 95% of the weighted average trading price for the five days preceding the dividend payment date. Any shareholder wishing to benefit from this opportunity may do so through his or her broker.

Attachements

- Table A - Highlights

- Table B - Consolidated Statement of Earnings

- Table C - Reconciliation of Net Earnings to Adjusted EBITDA

- Table D - Reconciliation of Net Earnings to Adjusted Net Earnings

- Table E - Reconciliation of Cash Flows from Operating Activities, Before Income Taxes Paid and Changes in Working Capital Items

1) EBITDA, Adjusted EBITDA, Adjusted net earnings and Cash flows from operating activities before income taxes paid and changes in working capital items are not recognized measures under IFRS and may not be comparable to similar measures used by other entities. See Table C and Table D attached for a reconciliation of net earnings to these measures. See Table E for reconciliation of cash flows.
2) Per share amounts are expressed on a diluted basis.




As of September 30, 2016, New Look Vision had 13,564,878 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada having a network of 212 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies. Tax information regarding payments to shareholders is available at www.newlookvision.ca in the Investors section.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson (514) 877-4299, ext. 2234.

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NEW LOOK VISION GROUP INC. COMPLETES ACQUISITION OF RETAIL OPTICAL CHAIN IN BRITISH COLUMBIA

Montréal, Québec, December 13, 2016: New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today that it has completed its acquisition of the retail optical assets and business forming part of Visions One Hour Optical Ltd. carrying on business principally under the Visions Optical banner in local communities across British Columbia at 10 retail locations. As previously announced, the purchase price was $6.6 million subject to customary adjustments and was financed by New Look Vision from its current banking facilities.

Antoine Amiel, President and Director of New Look Vision stated that: “With this acquisition completed, New Look Vision establishes its presence in Canada’s third most populated province, and continues its expansion across Canada.”


As of November 30th, 2016, New Look Vision had 13,564,878 Class A common shares issued and outstanding. New Look Vision is a leader in the eye care industry in Eastern Canada comprised of a network of 221 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners and laboratory facilities using state-of-the-art technologies.

All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements regarding the future financial position, business strategy, projected costs and plans and objectives of, or involving New Look Vision. Readers can identify many of these statements by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “plans”, “may”, “would” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will be achieved. Forward-looking statements are subject to risks, uncertainties and assumptions. Although management of New Look Vision believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include: pending and proposed legislative or regulatory developments, competition from established competitors and new market entrants, technological change, interest rate fluctuations, general economic conditions, acceptance and demand for new products and services, and fluctuations in operating results, as well as other risks included in New Look Vision’s current Annual Information Form (AIF) which can be found at www.sedar.com. The forward-looking statements included in this press release are made as of the date hereof, and New Look Vision undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as provided by law.

For additional information please see our Web site www.newlookvision.ca. For enquiries, please contact Lise Melanson at (514) 877-4119.