HearAtLast Establishes Advisory Board to Manage Growth Opportunities and Appoints First Two Members
June 30 2009 - 4:19PM
Marketwired
HearAtLast Holdings, Inc. (PINKSHEETS: HRAL), a leading provider of
suitable affordable solutions to clients with hearing needs in the
billion dollar hearing loss market, announced today the formation
of its advisory board with the appointment of Louie Mele,
consultant and former CEO of McDonald's Canada, and Gora Ganguli,
President & CEO of VitaSound Audio, Inc.
Matthew Sacco, CEO of HearAtLast, commented, "The board was
created to add depth to the management team and gather knowledge
from experienced business professionals and select individuals
within the industry. This will increase HearAtLast's capabilities
while exploring new opportunities to enhance shareholder value,
business development and growth."
This undertaking is targeting all divisions of the company to
increase overall shareholder value and will be looked upon as an
internal strategic audit of corporate performance and a
re-examination of all opportunities for future revenue and growth.
The Company is committed to improve the performance of HearAtLast
for its shareholders. With the assistance of the Advisory Board,
the Company will continue to be aggressive in pursuing all of the
opportunities presented to the company while maintaining a
controlled schedule of growth.
Mr. Sacco further added, "We will continue to grow our Advisory
Board allowing HearAtLast to have more depth and with the immediate
addition of Mr. Mele and Mr. Ganguli, I am confident that it will
enable us to manage all the tasks at hand, professionally and
completely."
About Louie Mele
Mr. Mele began his career with McDonald's in 1972 as a crew
member and through his dedication and commitment he was eventually
appointed to Operations Manager in 1985. In 1987 he took his
Canadian experience overseas to Italy where he assumed the role of
Director of Operations and in April 1990 was named President of
McDonald's Italy. Mr. Mele relocated to the United States in 1995
where he served as Regional Manager of the Southeast Division, a
position held until 2001.
In April 2001, Mr. Mele returned home to Canada where he took on
the role of Executive Vice President of McDonald's Restaurants of
Canada and in 2003, he added the role of Chief Operating Officer
for the Company. In April 2005 he was appointed as President of
McDonald's Restaurant Canada bringing in a renewed focus to the
Canadian System. Mr. Mele also served on the Board of Directors for
the Ronald McDonald House Charities of Canada, the Canadian
Restaurant and Food Services Association, and the Brick. He has
also served as Chair of the CRFA's Fitness and Nutrition
Roundtable, a committee he was instrumental in establishing. In
2006 Mr. Mele was honoured by the Caboto Club in his hometown of
Windsor with the 2005 Italian of the Year Award.
About Gora Ganguli
Gora Ganguli is President and CEO of VitaSound Audio, Inc. He
has extensive experience in the micro-electronics and semiconductor
industries, including over 10 years in hearing instruments, in
technical, operational and executive management roles.
Prior to VitaSound, Mr. Ganguli was a Senior Vice-President at
Gennum Corporation and General Manager of its Audio & Wireless
Division. He successfully led the transition from analog
technologies to digital and broadened the scope of business from
hearing instruments to consumer-focused audio and wireless
products. During this period, he served two terms as Director on
the boards of the Hearing Industry Association and the Better
Hearing Institute and was twice elected Secretary/Treasurer of both
organizations.
He joined Gennum as Vice-President of Manufacturing Operations
and led the transformation of the organization to world-class
standards of quality and cost, including the construction and
start-up of a new chip fabrication facility in Burlington.
Before Gennum, Mr. Ganguli was with IBM in their
Micro-Electronics Division. At IBM, he performed various technical
and management functions, and ultimately in senior operational and
business unit management positions. He was based in Canada but was
also assigned to work terms in IBM Endicott (US) and IBM Yasu
(Japan).
About HearAtLast
HearAtLast Holdings, Inc. is a Nevada corporation that owns and
operates its wholly-owned subsidiary of hearing stores co-located
within select Wal-Mart stores throughout Canada. Their chain of
hearing stores specializes in the sale of digital hearing aids and
testing services. The Company is the affordable hearing solution
for Canadians, combining the most sought after retail space in
North America with convenience and location. HearAtLast provides
State of the Art Hearing Testing and Dispensing services to
individuals with all types of measurable hearing loss.
HearAtLast facilities sell a selection of high quality brand
name hearing aids and also offer complimentary screening tests,
clinical hearing tests, high end ear buds and assistive listening
devices. The Company's mission is to consolidate the highly
fragmented hearing services industry while providing unparalleled
service to the estimated 30+ million hearing impaired individuals
throughout North America. After a prescription is approved, the
independent on-site audiologists and hearing aid practitioners at
HearAtLast utilize a refined process to dispense the latest in Name
Brand digital hearing aids.
For more information please visit the company website at:
www.hearatlast.com
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The information contained in this press release may include
forward-looking statements. Forward-looking statements usually
contain the words "estimate," "anticipate," "believe," "expect," or
similar expressions that involve risks and uncertainties. These
risks and uncertainties include the company's uncertain
profitability, need for significant capital, uncertainty concerning
market acceptance of its products, competition, limited service and
manufacturing facilities, dependence on technological developments
and protection of its intellectual property. The company's actual
results could differ materially from those discussed herein.
Investor Relations: HearAtLast Holdings, Inc. Aldo Rotondi
416-436-3795 investorrelations@hearatlast.com
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