LanVision Systems, Inc. Retires Existing Long-Term Debt and Obtains New Three Year Working Capital Financing

LanVision Systems, Inc. Retires Existing Long-Term Debt and
Obtains New Three Year Working Capital Financing 


CINCINNATI, Aug. 2  /PRNewswire-FirstCall/ -- LanVision Systems, Inc.
(NASDAQ:LANV) today announced that it has repaid its existing long-term debt
and the related deferred interest payable at maturity.  Simultaneously
therewith, LanVision entered into a new $3.5 million three year term facility
with the Fifth Third Bank of Cincinnati, OH to support its working capital
needs.  Under the terms of the new agreement, interest is due quarterly, at the
prime rate plus 2%, with annual principal payments necessary to retire the loan
in three years.  The agreement contains the usual and customary covenants,
including minimum tangible net worth, fixed charge coverage ratio, funded debit
to EBITDA, etc.

Paul W. Bridge, Jr., LanVision's Chief Financial Officer commented, "Based on
the current prime rate and the anticipated outstanding loan balance during the
second half of the current fiscal year, the anticipated interest expense will
be $109.6 thousand compared with $955.8 thousand in the second half of the
prior fiscal year or a reduction in interest expense of $846.2 thousand, or
approximately $0.09 per share, for the second half of the current fiscal year. 
For the next fiscal year (2005), the annual interest expense is anticipated to
be approximately $148.0 thousand compared with $908.0 thousand anticipated for
the current fiscal-year (2004), or a reduction of approximately $760.0 thousand
in interest expense."

J. Brian Patsy, LanVision's President commented, "The payment of the previous
higher interest debt, which was undertaken in fiscal 1998 in connection with
the restructuring of LanVision, is now complete.  The new loan will allow us:
greater operating flexibility, the ability to prepay the loan, at any time,
from anticipated future increases in operating cash flow, and/or the ability to
invest the interest savings in future growth opportunities. This milestone
marks the beginning of a new era for LanVision, and we believe that the terms
of the new bank loan recognize the great progress LanVision has made in the
past three years in returning the Company to consistent operating
profitability.  LanVision has generated in excess of $2 million of Operating
Profit in each of the last three years.  During the same three year period,
LanVision's interest expense from the prior loan was a combined $5.9 million.
LanVision has achieved a significant milestone by eliminating the heavy ongoing
interest burden."

About LanVision Systems, Inc.

LanVision is a healthcare information technology company focused on digitally
streamlining healthcare by providing solutions that improve document-centric
information flows while complementing and enhancing existing
transaction-centric healthcare information systems.  The Company's workflow and
document management solutions bridge the gap between current, inefficient
paper-based processes and transaction-based healthcare information systems by
1) electronically capturing document-centric information from disparate
sources, 2) electronically directing that information through vital business
processes, and 3) providing access to the information for authenticated users
(such as physicians, nurses, administrative and financial personnel and payers)
across the continuum of care.

The company's workflow-based products and services offer unique solutions to
specific healthcare business processes within the Medical Record life cycle and
the revenue cycle, such as remote coding, abstracting and chart completion,
remote physician order processing, pre-admission registration scanning,
insurance verification, denial management, secondary billing services,
explanation of benefits processing and release of information processing.

LanVision's products and services also create an integrated document-centric
repository of historical health information that is complementary and can be
seamlessly "bolted on" to existing transaction-centric clinical, financial and
management information systems, allowing healthcare providers to aggressively
move toward fully Electronic Medical Record (EMR) processes while improving
service levels and convenience for all stakeholders.  These integrated systems
allow providers and administrators to dramatically improve the availability of
patient information while decreasing direct costs associated with document
retrieval, work-in-process, chart completion, document retention and archiving.

LanVision's systems can be provided on a subscription basis via remote hosting
services or installed locally.  LanVision provides ASPeN, ASP-based remote
hosting services to The University Hospital, a member of The Health Alliance of
Greater Cincinnati, M. D. Anderson Cancer Center and Children's Medical Center
of Columbus, Ohio among others.  In addition, LanVision has installed its
workflow and document management solutions at leading healthcare providers
including Stanford Hospital and Clinics, the Albert Einstein Healthcare
Network, Parkview Health System, ProMedica Health System, Inc., the University
of Pittsburgh Medical Center, Medical University Hospital Authority of South
Carolina, and Memorial Sloan-Kettering Cancer Center.  For additional
information on LanVision, please visit our website at http://www.lanvision.com/
.

About Fifth Third Bankcorp

Fifth Third Bancorp is a diversified financial services company headquartered
in Cincinnati, Ohio. The Company has $95.6 billion in assets, operates 17
affiliates with 995 full-service Banking Centers, including 130 Bank Mart(R)
locations open seven days a week inside select grocery stores and 1,849
Jeanie(R) ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee and West Virginia. The financial strength of Fifth Third's Ohio and
Michigan banks continues to be recognized by rating agencies with deposit
ratings of AA- and Aa1 from Standard & Poor's and Moody's, respectively.
Additionally, Fifth Third Bancorp continues to maintain the highest short-term
ratings available at A-1+ and Prime-1, and is recognized by Moody's with one of
the highest senior debt ratings for any U.S. bank holding company of Aa2. Fifth
Third operates four main businesses: Retail, Commercial, Investment Advisors
and Fifth Third Processing Solutions. Investor information and press releases
can be viewed at http://www.53.com/ . The company's common stock is traded
through the NASDAQ(R) National Market System under the symbol "FITB."

"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995

Statements contained herein that are not historical facts are forward-looking
statements that are subject to risks and uncertainties that could cause actual
results to differ materially from those reflected in the forward-looking
statements.  These risks and uncertainties include, but are not limited to, the
Company's ability to refinance the long-term debt and deferred interest at
maturity, the impact of competitive products and pricing, product demand and
market acceptance, new product development, key strategic alliances with
vendors that resell LanVision products, the ability of the Company to control
costs, availability of products obtained from third party vendors, the
healthcare regulatory environment, healthcare information systems budgets,
availability of healthcare information systems trained personnel for
implementation of new systems, as well as maintenance of legacy systems,
fluctuations in operating results and other risks detailed from time to time in
the LanVision Systems, Inc. filings with the U. S. Securities and Exchange
Commission.  Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's analysis only as of the
date hereof.  The Company undertakes no obligation to publicly release the
results of any revision to these forward-looking statements, which may be made
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. 

DATASOURCE: LanVision Systems, Inc.



CONTACT:  Paul W. Bridge, Jr., Chief Financial Officer of LanVision

Systems, Inc., [phone]



Web site:  http://www.lanvision.com/

http://www.53.com/ 

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