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Microcap & Penny Stocks : Hearx(EAR) -- Ignore unavailable to you. Want to Upgrade?

To: Dorin Frai who wrote (253)	4/20/1998 11:15:00 AM
From: CONANN	Read Replies (1) \| Respond to of 383

Here is another press release from Hearx: Sunday April 19, 12:15 am Eastern Time Company Press Release HEARx Signs New Hearing Care Contracts WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 20, 1998--HEARx Ltd. (AMEX:EAR - news), the largest audiology-based professional hearing care network in the United States, today announced the signing of three additional contracts covering Medicare, Medicaid, and commercial patients in the Company's Florida and Northeast markets. Paul A. Brown, M.D., HEARx's Chairman and CEO, said, ''This new round of contracting demonstrates the true appeal of our product by reaching across virtually every major segment of the health insurance market.'' Medicaid: HEARx has signed new contracts with American Preferred Provider Plan, Inc. of Newark, NJ and United HealthCare of Florida, Inc. in Orlando, Florida bringing the number of Medicaid patients covered by contracts with HEARx to 130,000. ''Medicaid is an under-serviced segment of the hearing care market which HEARx expects to grow, especially as more states channel Medicaid beneficiaries into managed care,'' Dr. Brown said. Commercial: HEARx has now signed its second contract for an ''under-65'' population with American Preferred Provider Plan (APPP). APPP will offer members a $750 hearing aid benefit to be redeemed exclusively at HEARx centers. Medicare: As a result of an expanded contract with Humana-Tampa Bay, HEARx will now provide a $700 hearing aid benefit for Humana's Medicare patients enrolled in a special program dedicated to the retirees of major corporations. ''This is the template for a program that Humana expects to roll out in other markets,'' Dr. Brown said. HEARx, with the largest network of audio-vestibular rehabilitative centers in the $2 billion field of hearing services, operates 74 company-owned centers in Connecticut, Florida, New Jersey, New York, and Pennsylvania. The company provides hearing care primarily to patients whose health insurance and managed care organizations have contracted with HEARx. Certain of the statements made in this press release contain forward-looking information. Such 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 the ability of the healthcare organizations to expand and maintain patient populations and other factors which are described in the Company's filings with the Securities and Exchange Commission, including the Form S-3 resale registration statement dated June 25, 1997. ------------------------------------------------------------------------ Contact: HEARx Paul A. Brown, M.D., 561/478-8770, Ext. 123 or Weber/RBB Sandy Baksys, 305/448-7450