OptiCare Health Systems Announces Departure of President and Chief Operating Officer

OptiCare Health Systems Announces Departure of President and
Chief Operating Officer 


WATERBURY, Conn., Oct. 28  /PRNewswire-FirstCall/ -- OptiCare Health Systems,
Inc. (AMEX:OPT) today announced the departure of Lance A. Wilkes as President
and Chief Operating Officer of the Company.  Wilkes will pursue opportunities
in a specialty health care business in the hearing care industry and will
consult with the Company on its Managed Care business.  Mr. Wilkes' duties will
be assumed by Christopher J. Walls, who will become President, Chief
Administrative Officer and General Counsel.

About OptiCare Health Systems, Inc.

OptiCare Health Systems, Inc. is an integrated eye care services company
focused on vision benefits management, the distribution of OptiCare products to
eye care professionals, and consumer vision services, including medical,
surgical and optometric services and optical retail.

Forward-looking statements (statements which are not historical facts) in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. OptiCare Health Systems' actual
results could differ materially from those expressed or indicated by forward-
looking statements. Factors that could cause or contribute to such differences
include, but are not limited to, the impact of current and future governmental
regulations, risks related to the eye care industry, the Company's ability to
successfully and profitably manage its operations, the risks related to managed
care contracting, the ability of the Company to successfully raise capital on
commercially reasonable terms and other factors. Investors are cautioned that
all forward-looking statements involve risks and uncertainties, including those
risks and uncertainties detailed in the Company's filings with the Securities
and Exchange Commission, including its Annual Report on Form 10-K for the
fiscal year ending December 31, 2003. 

DATASOURCE: OptiCare Health Systems, Inc.



CONTACT:  Christopher J. Walls, Chief Administrative Officer and General

Counsel of OptiCare Health Systems, Inc., [phone]

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