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HearUSA to Present at 3rd Annual C.E. Unterberg, Towbin Emerging Growth Conference July 10, 2007.

Publication: Business Wire
Date:Thursday, June 28 2007

WEST PALM BEACH, Fla. -- HearUSA, Inc. (AMEX:EAR), a leading provider of hearing care through a fully integrated and professionally accredited system of hearing care centers, announced HearUSA President & CEO Stephen J. Hansbrough was invited to present at the 3rd Annual C.E. Unterberg, Towbin Emerging Growth Conference to be held at the Mandarin Oriental Hotel in New York City, July 10-12, 2007.

The conference is designed to facilitate maximum meeting opportunities between institutional investors and a select group of emerging growth companies. Hansbrough is scheduled to present on July 10 at 4:00 p.m. ET and will be available for one-on-one meetings prior to and immediately following the presentation. A live webcast of the presentation will be available via this link: www.wsw.com/webcast/ceut6/ear. A replay will be available for 30 days.

Hansbrough will discuss how highly favorable demographics are driving strong growth in the multi-billion dollar hearing care market and how this fragmented industry is providing ample opportunity for aggregation of independently owned hearing care centers. HearUSA's aggressive acquisition program has increased the number of its company-owned hearing care centers to 170 across eight states and Canada.

The company recently reported its net revenues totaled a record $23.6 million in the first quarter ended March 31, as compared to $21.7 million a year ago. The company has also acquired six hearing centers since the beginning of the year, with combined trailing 12-month ("TTM") revenues of approximately $4.2 million and has signed LOIs for an additional eight centers with about $5.0 million TTM revenues. This performance has kept the company on course for a forecasted $102-107 million in revenues in FY2007. A strategic supplier relationship with leading hearing aid manufacturer, Siemens, provides a unique $50 million credit facility to support this growth. Don Shula, renowned NFL football coach and Pro Football Hall of Fame inductee, recently became the company's spokesperson for a new ad campaign.

For further information about HearUSA visit www.hearusa.com. More information about the CEUT conference is available at www.unterberg.com.

About C.E. Unterberg, Towbin

With more than 70 years of history, C.E. Unterberg, Towbin (CEUT) supplies capital and financial advice to growth companies in the technology, life sciences and global security sectors. CEUT services and operations include public offerings, mergers and acquisitions, private placements, direct investments, research, asset management and private client work. Since 2003, they have completed 116 equity and debt fundraisings for 90 companies, raising over $5 billion. Principal offices are in New York, San Francisco, and Herzlia (Israel). On May 21, 2007, Collins Stewart agreed to acquire 100% of C.E. Unterberg, Towbin for $31.65 million (US).

About HearUSA

HearUSA, Inc. provides hearing care to patients primarily through more than 170 company-owned hearing care centers, which offer a complete range of quality hearing aids with an emphasis on the latest digital technology. HearUSA Centers are located in California, Florida, New York, New Jersey, Massachusetts, Ohio, Michigan, Missouri and the province of Ontario, Canada. The company also derives revenues from its HearUSA Hearing Care Network, comprised of 1,600 affiliated audiologists in 49 states, as well as its website that enables online purchases of hearing related products, such as batteries, hearing aid accessories and assistive listening devices.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995, including those concerning the company's 2007 target revenues for the year within a range of $102 million and $107 million. These 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 such factors as successful implementation of the company's acquisition program; integration of the newly acquired centers and maintenance of revenue levels from those centers; the company's ability to maintain cost controls and limit expenses; the successful implementation of the Siemens agreement; the ability of the company to maintain unit sales of Siemens hearing aids; market demand for the company's goods and services; changes in the pricing environment; general economic conditions in those geographic regions where the company's centers are located; the impact of competitive products; and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission, including the company's Form 10-K for the year ended December 31, 2006.

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