Harbinger Research Issues Update Report, Reiterating Rating and Price Target on HearAtLast Holdings, Inc. (HRAL - OTC-BB)
11 Février 2008 - 5:09PM
Business Wire
HearAtLast Holdings, Inc. (OTC Pinksheets: HRAL) announced today
that Harbinger Research, LLC, issued an updated research report on
the Company. Brian R. Connell, CFA, one of Harbinger Research�s
Senior Analysts, stated in the report that �When we initiated
coverage of HearAtLast several months ago, we were guardedly
optimistic about the company�s Wal-Mart relationship. However, we
were very concerned about the young company�s ability to manage the
rapid expansion that the Wal-Mart relationship would inevitably
require. All too often, very small companies strike an initial
relationship with a much larger company, only to see that
relationship either languishing or outright dissolve as the smaller
company fails to perform. In our opinion, those concerns have now
largely been laid to rest.� The research report provides a summary
of the Company as an investment opportunity, an overview of its
businesses, its sales and marketing strategy, and includes a
historical industry background. To read the report please visit:
www.harbingerresearch.com. Harbinger Research was contracted by the
Company to author the research report for the purpose of increasing
investor awareness and informing both institutional and individual
investors of the investment potential of the Company. Harbinger
Research did not receive any additional compensation for the
authoring of this report. About Harbinger Research Harbinger
Research is a New York based independent equity research company.
Harbinger Research provides equity research coverage to smaller
U.S. traded companies and the individuals and institutions who
invest in them. For more information on Harbinger Research, please
visit www.harbingerresearch.com About HearAtLast Holdings, Inc.
HearAtLast Holdings, Inc. is a Nevada corporation that owns and
operates its wholly-owned subsidiary HearAtLast Inc., a chain of
hearing stores specializing in the sale of digital hearing aids and
testing services. The company develops, owns, and operates hearing
aid clinics co-located within select Wal-Mart stores throughout
Canada. HearAtLast facilities sell a selection of high quality
brand name hearing aids and also offer complimentary screening
tests, clinical hearing tests, instant custom MP3 headphones and
custom hearing protection. 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 a
hearing aid in about an hour. For additional information log on to:
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 and 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.
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