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Press Release - HearUSA (EAR-AMEX)

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“Historically, rollups have not worked for three reasons; one is that the people doing the buying don’t know what they are buying; two, they don’t have any systems to put into place to control what they’ve bought; and three, they don’t have any ability to grow the business after they make the acquisition. Well, none of those three applies to us, because we’ve been in this business for 20 years and now as the third largest provider of hearing care in the United States we know what we are buying...” - Paul A. Brown, M.D. (EAR) (Interview published January 18, 2007)

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Company Contact:                                                                   Investor Relations

Stephen J. Hansbrough                                                              Scott Liolios or Ron Both

Chairman, President & CEO                                                        Liolios Group, Inc.              

HearUSA, Inc                                                                             info@liolios.com

(561) 478-8770, ext. 132                                                             (949) 574-3860  

 

HearUSA to Present at the Roth Capital Partners 20th Annual Growth Stock Conference

West Palm Beach, Florida, [WINDOWS-1252?]– February 06, 2008 [WINDOWS-1252?]– HearUSA (AMEX: EAR), the recognized leader in hearing care for the nation's top managed care providers through more than 190 hearing care centers, has been invited to present at the 20th Annual Roth Capital Partners Growth Stock Conference. The conference will be held February 18-21, 2008 at the Ritz Carlton Laguna Niguel in Dana Point, California.

 

Roth Capital Partners Stock Conferences are one of the largest in the nation for micro and small-cap companies in technology, healthcare, financial services and consumer products sectors. More than 1,000 institutional investors are expected to attend.

HearUSA Chairman, President and CEO Stephen J. Hansbrough is scheduled to present on Wednesday, February 20 at 3:00 PM Pacific Time (6:00 PM Eastern Time), followed by a break out session and one-on-one meetings. A simultaneous Webcast will be available at http://www.wsw.com/webcast/roth16/ear/.

Hansbrough will discuss various topics, including how highly favorable demographics are driving strong growth in the multi-billion dollar hearing care market and how many senior HMO plans are providing hearing coverage as an enticement to move into managed care. He will also discuss the [WINDOWS-1252?]company’s progress and latest initiatives, including the "Just Find Out" multi-media ad campaign featuring the company spokesperson Don Shula, the renowned NFL football coach and Pro Football Hall of Fame inductee.

The success of the "Just Find Out" campaign helped drive [WINDOWS-1252?]HearUSA’s fifth consecutive quarter of record revenues. For its fourth quarter ended in December, revenues totaled $27.3 million, an increase of 20% over the same year-ago period. Revenues for the full year of 2007 reached a record $102.5 million, an increase of 15% over 2006 record revenues. 

The record revenues were also the result of a continued and very active acquisition program of hearing care centers. About 12% of the quarterly year-over-year increase was attributable to 26 hearing care centers acquired during the previous 12 months. Together, these new centers represent trailing twelve-month revenues estimated at more than $13.4 million.

Based on this continued strong progress, management expects fiscal 2008 revenues to exceed $120 million, with net earnings per common share estimated to range between $0.10 and $0.13.

 

For more information on the Roth conference, please visit the conference website at http://rothconference.com or call the conference desk at 800-678-9147. For media inquiries and press credentials only call 949-720-5700.  

 

About Roth Capital Partners, LLC

With corporate headquarters in Newport Beach, California and offices in strategic locations in the Western United States and Shanghai, China, Roth Capital Partners, LLC is a full service investment bank serving corporate and institutional clients throughout the world. Offering a wide array of investment banking services including: initial public offerings, follow-ons, PIPEs, private placements, mergers and acquisitions, investment research, and institutional sales and trading, the firm is perhaps best known for finding, funding and fostering the growth of emerging companies. It is a member of the Financial Industry Regulatory Authority, Inc. [WINDOWS-1252?](“FINRA”), and the Securities Investor Protection Corporation (SIPC). Visit the Roth Capital Partners website at www.rothcp.com.

About HearUSA

HearUSA, Inc. provides hearing care to patients primarily through more than 190 company-owned hearing care centers, which offer a complete range of quality hearing aids with an emphasis on the latest digital technology. HearUSA Centers are located in California, Florida, New York, New Jersey, Massachusetts, Ohio, Michigan, Missouri, North Carolina, and the province of Ontario, Canada. The company also derives revenues from its HearUSA Hearing Care Network, comprised of 1,600 affiliated audiologists in 49 states, as well as its website that enables online purchases of hearing related products, such as batteries, hearing aid accessories and assistive listening devices. For further information, click on "investor information" at the HearUSA website: www.hearusa.com.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995, including those concerning the company's 2008 target revenues and earnings per common share.  These statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as successful implementation of the company's acquisition program; integration of the newly acquired centers and maintenance of revenue levels from those centers; the company's ability to maintain cost controls and limit expenses; the successful implementation of the Siemens agreement; the ability of the company to maintain unit sales of Siemens hearing aids; market demand for the company's goods and services; changes in the pricing environment; general economic conditions in those geographic regions where the company's centers are located; the impact of competitive products; and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission, including the company's Form 10-K for the year ended December 31, 2006.


		




    

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