AGM Statement

RNS Number:2903T
CustomVis plc
16 December 2003


Embargoed until 0700                                            16 December 2003


                                 CustomVis plc
                          ("CustomVis" or "the Group")

                                 AGM Statement


At CustomVis's Annual General Meeting at 2pm today, Chairman Bill Colvin will
give the following update:

"As reported in our preliminary results statement on 2 October, the period since
the Group's IPO in July 2003 has been one of significant advancement for the
Group.

"The funds raised at the IPO were inter alia to enable management to scale up
the Group's production, sales and service capabilities.  The Group has now
largely completed its recruitment and training of additional skilled staff plus
the acquisition of equipment and materials required to move closer to full scale
production.  Negotiations with distributors who will sell and service the
systems have either been completed or are close to completion.

"Production of machines is on track and we expect our first machine to be
shipped to Europe before the end of December, with a further two to be
dispatched in January 2004.  All of the skilled and experienced individuals and
resources that we require are now in place and CustomVis is well on track in
terms of meeting our objectives for 2004 and beyond.

"We will commence recording clinical data in 2004 and it is anticipated that the
clinical data will be published and reported on at leading ophthalmic
conferences during 2004, which will further enhance our reputation for achieving
a very high standard of clinical outcome.

"We continue to be prudent with our cash and our cash balances as at the end of
November 2004 were #10.38 million.  Our monthly cash spend is about #300,000 and
is in accordance with our budgets.

"The Group expects to announce interim results for the 6 months ended 31
December 2003 in March 2004."


                                    - Ends -


Further information:

CustomVis
Simon Gordon, Managing Director                                01382 738 545
Hugh Grant, Finance Director                                   01382 341 532

Weber Shandwick Square Mile
Susan Ellis or Susanne Walker                                  0207 067 0700



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