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Gold/Mining/Energy : Sonus Corp. (formerly Healthcare Capital Corp.) - AMEX:SSN -- Ignore unavailable to you. Want to Upgrade?

To: Saverio who wrote (80)	5/13/1998 5:21:00 PM
From: Saverio	Read Replies (1) \| Respond to of 96

Sonus Corp. Acquires 8 Audiology Clinics Aggregating $3.4 Million in Revenue PORTLAND, Ore.--(BUSINESS WIRE)--May 13, 1998--Sonus Corp. (AMEX:SSN - news), a leading operator of audiology clinics in the United States and Canada, today announced that it has acquired, in four separate transactions, 8 audiology-based hearing clinics with aggregate historical annual revenues of approximately $3.4 million. These businesses were acquired for an undisclosed combination of cash, seller financing and stock. In March 1998, Sonus acquired: Hearing & Speech Associates, Inc. and Tri-County Hearing Aid Center, Inc., which operate 4 clinics in southern California, primarily Orange County. In April 1998, Sonus acquired: Burton Associates Hearing Aid Specialists, Inc., which operates 2 clinics in southern California; and Hamel Hearing Aids, located in Portland, Oregon. In May 1998, Sonus acquired: H.E. & A.R., Inc., located in Los Angeles, California. Brandon M. Dawson, President and Chief Executive Officer of Sonus, commented, ''We are very pleased to report continued strong progress on the acquisition front. These acquisitions strengthen our presence in southern California, where the 34 audiology clinics we now operate extend from San Diego through Orange County and into Los Angeles. In the last four months we have acquired a total of 20 audiology clinics with combined annual revenues of approximately $8.0 million. We will continue to pursue strategic acquisitions in the highly fragmented hearing health care industry.'' Sonus Corp. owns the largest group of audiology based hearing clinics operating in the United States and Canada. Sonus' 69 hearing clinics provide a full range of products and services to hearing impaired patients. The Company's vision is to become the premier hearing care provider in North America. Sonus' strategy involves the consolidation of the industry through acquisition of quality hearing care clinics. Contact: Sonus Corp. Edwin J. Kawasaki Chief Financial Officer (503) 225-9152 or SONUS' INVESTOR RELATIONS COUNSEL: The Equity Group Devin Sullivan (212) 836-9608