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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 dont know what they are buying; two, they dont have any systems to put into place to control what theyve bought; and three, they dont have any ability to grow the business after they make the acquisition. Well, none of those three applies to us, because weve 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 ConferenceWest 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 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
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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