HearAtLast Holdings, Inc. Announces Bridge Financing Obtained
22 Janvier 2010 - 10:00PM
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 that the
Company has obtained CDN $1.5M in bridge financing from First
Equity PTE, Ltd.
This bridge financing will allow HearAtLast to forge ahead and
execute their strategic growth plan of expanding HearAtLast hearing
stores within select Wal-Mart locations throughout Canada. The
collaboration with First Equity has been ongoing since the end of
2009 and is the preliminary stage of a larger financing that is
imminent.
"As HearAtLast Holdings starts 2010 with a renewed and
aggressive growth plan, this financing could not have come at a
more opportune time," stated Louis Isabella, CFO for HearAtLast.
"This bridge financing is the beginning of empowering HearAtLast to
be the largest hearing company in Canada. We have already made
tremendous strides in the last 2 years and this will not only
ensure that we will be able to continue our growth but it will
greatly increase brand name recognition that should increase
customer traffic with our locations," added Isabella.
Details of the Bridge Financing will be outlined and discussed
in the upcoming announcement of the Company's long term financing
commitment.
About HearAtLast
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, high end earbuds 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.
Contact: Investor Relations: HearAtLast Holdings, Inc. Aldo
Rotondi 416-436-3795 investorrelations@hearatlast.com
Hear AtLast (PK) (USOTC:HRAL)
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