Here is the full press release for the rest of the readers:
HILTON HEAD, S.C., Jan. 5 /PRNewswire/ -- Guidera Communications today announced it has been retained by HEARx Ltd. (Amex: EAR), West Palm Beach, FL to inform brokers and institutional investors about its rapidly growing revenues.
"HEARx, the largest audiology-based hearing care network in the United States, provides hearing care almost exclusively to patients whose health insurance industry and health care providers have contracted with HEARx," said Rosanne C. Oakley, President of Guidera.
She added: "HEARx operates 74 company-owned centers in Connecticut, Florida, New Jersey, New York, and Pennsylvania. It has over 150 contracts with major health insurance and health care providers. We like the fact that HEARx does not have to spend money on R&D. It gives each patient the best product for their hearing loss, regardless of the manufacturer."
Dr. Paul A. Brown, M.D., HEARx's CEO says: "We reported $18 million revenues in 1996, expect about $24 million this year, and have set $40 million as our target for 1998. The eight new healthcare organizations we contracted with, as announced December 18, 1997, represent a major milestone in our expansion plans."
Guidera Communications updates brokers throughout the United States on a one-to-one basis on behalf of its publicly traded clients.
SOURCE Guidera Communications
CO: HEARx Ltd.; Guidera Communications
ST: Florida, South Carolina
IN: HEA
SU:
01/05/98 07:56 EST prnewswire.com
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