SheerVision, Inc. Files 10K and Announces Record 2007 Revenues

Rolling Hills, CA - (WORLD STOCK WIRE) - December 4, 2007 -- SheerVision, Inc. (OTCBB:SVSO), a recognized leader of proprietary surgical loupes and headlight systems, announced financial results for the fourth quarter and fiscal year ended August 31, 2007 that included record revenues for the company.

“This has been a terrific year and a terrific quarter for SheerVision. During the fourth quarter and throughout fiscal 2007, we continued to make improvements to the business, and we continued to experience increasing demand for our products. The SheerVision brand has become stronger in the marketplace, and the need for our products continues to grow both domestically and internationally, as our recent revenue growth indicates,” commented SheerVision CEO Suzanne Lewsadder.

“Our performance by being profitable for the fourth quarter of fiscal 2007 was ahead of expectations. Our management team and network of motivated distributors are dedicated to maintaining our reputation for delivering cost effective products made to exacting specifications,” added Lewsadder.

12 Month Highlights

* ACHIEVED RECORD ANNUAL REVENUES by producing sales for the year totaling $4,351,907. “As we move forward we believe that our aggressive marketing efforts, innovative new product introductions, and further global market penetration to drive our growth into 2008 and beyond, which will validate the strategic investments we made during fiscal 2006 & 2007” stated Lewsadder.

* ACHIEVED 46% INCREASE IN SALES over previous year with growth represented by a combination of new product sales and the development of an international distributor network.

* ACHIEVED PROFITABLE FOURTH QUARTER – Q4 of Fiscal 2007 was the company’s first profitable quarter since SheerVision became a public company.

* INTRODUCED THROUGH-THE-LENS (TTL) LOUPES with the SureFit Measurement System, an industry first that provides for a proper loupe fitting without the expense of an in-office sales appointment, thus allowing SheerVision to appeal to a much greater share of the market than ever before.

* LAUNCHED FIREFLY INFINITY LED PORTABLE HEADLIGHT which offers superior Illumination in an ultra-light, fully portable package, while outperforming conventional fiber-optic light sources.

* LAUNCHED NEW LINE OF SIGNATURE PRISM LOUPES that provide razor-sharp clarity and a wide field of view at advanced 4.0x and 5.0x levels of magnification for use by highly skilled dental and surgical practitioners.

* LAUNCHED INTERNATIONAL DISTRIBUTOR PROGRAM, which represented a major shift in our business model that has fostered the aggressive pursuit of distribution accounts providing for a significant increase in sales for the last half of our fiscal year. Global Distribution now includes the United States, Canada, Mexico, Japan, Italy, Australia, New Zealand, Spain, Taiwan, India, Saudi Arabia, and the United Kingdom.

* LAUNCHED US FEDERAL SUPPLY PROGRAM that has enabled the company to offer our expanded product lines to numerous US governmental agencies.

* LAUNCHED A NEW E-COMMERCE STOREFRONT in order to foster the sales and marketing of its products in both the US and International marketplace. The www.sheervision.com web site is now powered by a scalable and robust e-commerce engine that facilitates the online selection, customization and purchase of SheerVision's award winning optical products.

* EXHIBITED AT OVER 70 TRADE SHOWS including all of the major surgical, dental, and veterinary
shows in the US including the Greater New York Dental Meeting and the American Dental Association Meeting in San Francisco, California.

* PRESENTED AT 4 INSTITUTIONAL CONFERENCES, which demonstrated our continued commitment to increasing shareholder value by showcasing SheerVision’s performance to various institutional groups throughout the year.

“Our strategy is centered on revenue growth and continued research & development,” stated Lewsadder. “Throughout fiscal 2008 SheerVision is well positioned to benefit from industry trends across our target markets,” commented Lewsadder.

For the three months ended August 31, gross revenue increased 80.7% to $1,151,833 compared with $637,565 for the three months ended August 31, 2006. Gross profit for the quarter increased over 61% from the previous 4th quarter.

The Company believes that the increase in gross revenues for the year closely reflects the launch of the FireFly Infinity LED Portable Headlight, and the introduction of the International Distributor Program.

For the fiscal year ended August 31, 2007, gross revenue increased 46% to $4,351,907 compared with $2,980,584 for fiscal 2006. Gross profit for the year increased over 57% from the previous year. Revenues during the year were the highest in the history of the company. “We also will continue to focus on cost control initiatives for fiscal 2008 and beyond,” stated CFO Suzanne Puente.

“We have made tremendous improvements and strategic product designs during the past year. As we capitalize on favorable industry trends and continue to aggressively address our cost structure, we anticipate that SheerVision will continue to deliver improved results throughout fiscal 2008,” concluded Lewsadder.

About SheerVision

SheerVision designs, markets and sells proprietary surgical loupes and headlight systems to the dental and medical markets. Its loupe designs include the Signature Flip-Up Loupes, SureFit Through-The-Lens (TTL) Loupes and its new line of Signature Flip-Up Prism Loupes, which all provide razor-sharp clarity, high resolution optics, and a wide field of view that allow the wearer to discern the finest details. Available mounted to a lightweight titanium frame, or to the SV Sport frame which provides a contemporary wrap around design coupled with all-day comfort.

The company’s new Firefly Infinity(TM) LED Portable Headlight is nearly twice as bright as traditional LED Headlights, and is a quantum leap in technology over traditional tethered fiber optic designs.

SheerVision's light and loupe products are recommended by a leading independent non-profit dental education and product testing foundation and its loupes were featured in the foundation's 2005 Buyer's Guide and in "Dental Lab Products" 2005 and 2006 Buyer's Guide as the "Best of the Best" Offering.

Upon request, a hard copy of the annual report and audited financial statements is available at no charge by contacting our Investor Relations in writing at: Wall Street Marketing Group, PO Box 580943 North Palm Springs, California 92258, or by calling 760-329-4169. To become a subscriber of all future press releases, please visit the Company's Web site at www.sheervision.com.

For all product information, please call 1-877-678-4274

Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: the company's ability to generate product sales and operating profits, potential vulnerability of technology obsolescence, potential competitive products by better capitalized companies, potential difficulty in managing growth, dependence on key personnel, and other risks which will be described in future company Securities and Exchange Commission filings. SheerVision undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Investor & Media Relations:
Wall Street Marketing Group
Mark Taggatz
Tel: 760-329-4169
Email: info@wsmg.biz

SOURCE: SheerVision, Inc.




Suzanne Lewsadder, CEO
SheerVision, Inc.
4030 Palos Verdes Dr. North
Rolling Hills, CA 90274
USA

Phone: 877-678-4274
Fax: 310-265-8919


Source: SheerVision, Inc.
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