HearAtLast Holdings, Inc.: Present Share Price Undervalued According to Harbinger Report
December 16 2009 - 8:00AM
Marketwired
(PINKSHEETS: HRAL) HearAtLast Holdings, Inc., a leading provider of
suitable affordable solutions to clients with hearing needs in the
billion dollar hearing loss market, commented today on its present
share price of the Company's Common Stock as compared to
Harbinger's published Investment Report.
Harbinger Research stated that HearAtLast continues to build
exceptional long-term value with high store growth, expanded
product vision, and solid Wal-Mart relationship and issued a
Speculative Buy Rating with a price target of $0.50 per share based
on 3 Key Summary and Investment points:
1. HearAtLast Has Adopted a Rational, High-Growth Expansion and
Product Model
2. Store Maturation and Repeat Customers Key to Long-Term Value Creation
3. HearAtLast Shares Now Trade at an Attractive Valuation
Matthew Sacco, CEO of HearAtLast, states, "When a company is
experiencing and planning rapid expansion, development capital is
always a factor along with the consideration of minimizing
shareholder dilution. Harbinger's Investment Research Report will
serve as an important negotiating asset for us as we continue with
our discussions with prospective investors that have taken interest
in our Company's future. With Harbinger's valuation of our Company,
this will help us minimize dilution as we continue with our Canada
wide expansion."
The research report provides a summary of the Company as an
investment opportunity and overview of its business, its sales and
marketing strategy and a discussion of the company's industry. It
also includes the Company's projections of future results. To read
the report please visit:
http://www.harbingerresearch.com/link/13/237/HRAL
About Harbinger Research
Harbinger Research is a quality-leading independent research
company providing insightful, in-depth equity research coverage to
smaller U.S. traded companies and the individuals and institutions
who invest in them. Harbinger currently distributes their reports
and estimates to many of the industry's most important companies,
such as The Thomson Financial Corporation (ThomsonONE Analytics,
formerly known as First Call and I/B/E/S), Reuters (Multex), and
Zack's Investment Research.
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 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 above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Investor Relations: HearAtLast Holdings, Inc. Aldo Rotondi
416-436-3795 investorrelations@hearatlast.com
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