SheerVision Delivers Another Solid Quarter; Reports Profitable Results for First...

SheerVision Delivers Another Solid Quarter; Reports Profitable Results for First Quarter Fiscal Year 2008

ROLLING HILLS ESTATES, Calif.--(Business Wire)--SheerVision, Inc. (OTCBB:SVSO), a leading provider of advanced
surgical loupes and light systems, today announced results for the
first quarter of its 2008 fiscal year, that ended November 30, 2007.

First Quarter Highlights

-- Achieved the second consecutive quarter of profitability as a
direct result of the continued focus on the reduction of operating
expenses.

-- Further developed the International Distributor Program to
increase the number of partnerships with market leaders in specific
geographic regions throughout the world.

-- Developed several enhancements to the Original FireFly and
FireFly Infinity Headlight systems, with the Original FireFly
Headlight system recognized as one of the "Best Products of the Year"
by the leading independent non-profit dental education and product
testing foundation.

Revenue for the first fiscal quarter of 2008 was $1.124 million, a
decrease of 4 percent when compared to revenue of $1.174 million in
the same period in 2007. First quarter revenues overall were lower
than expected due to a backlog as we experienced manufacturing delays
in the newly enhanced components of our Firefly LED light systems,
however sales relating to our loupe product lines increased by over
20% as compared to the previous fiscal quarter ended November 30,
2006. This increase was aided by the development of our international
distributor program implemented during the last half of fiscal year
2007.

Operating expenses for the quarter totaled just $725,000, a
reduction of over $453,000 when compared to the $1.178 million spent
in the first fiscal quarter of 2007.

Net income for the quarter ended November 30, 2007 was $19,788, or
($0.00) per basic and diluted share. This compares to a net loss of
$325,768, or ($0.03) per basic and diluted share for the quarter ended
November 30, 2006. Basic and diluted shares outstanding were 12.694
million as of November 30, 2007 and 12.278 million as of November 30,
2006.

"SheerVision continued executing its cost containment strategies
and operating disciplines which allowed our team to deliver another
profitable quarter. In fiscal year 2007, we began expansion of our
international presence, developed several new product designs, and
improved our product pipeline. In fiscal 2008 we are concentrating on
expanding our OEM capabilities and meeting product demands on a real
time basis. We are extremely excited about the upgrades to our light
systems and our expanded manufacturing capabilities that should be in
full production by fiscal midyear," commented Suzanne Lewsadder, Chief
Executive Officer of SheerVision, Inc.

For complete financial information please refer to SheerVision's
Form 10-QSB filed with the Securities and Exchange Commission on
January 14, 2007.

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 also in the "Dental Lab Products" 2006 Buyer's Guide
as a "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 Department at: Investor Relations, SheerVision
Inc., 4030 Palos Verdes Drive North, Suite 104, Rolling Hills Estates,
CA 90274, or by calling 877-678-4274 or 310-265-8918. 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 (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 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.

SheerVision, Inc.
Suzanne Lewsadder, CEO, 877-678-4274
investorrelations@sheervision.com

Copyright Business Wire 2008