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Hear AtLast Holdings Inc. - HRAL
HearAtLast Benefits from Wal-Mart's New Medical Clinic Expansion with Two New Store Openings
MISSISSAUGA, ON, June 4, 2009 /PRNewswire-FirstCall via COMTEX/ -- tario - HearAtLast Holdings, Inc. (PINKSHEETS: HRAL) is pleased to announce the grand opening of two new clinics in Southern Ontario. These two new Hearing Stores are located in Burlington, Ontario and Scarborough East, Ontario. These new clinics are part of the new wellness model being launched by Wal-Mart Canada in Select locations
This new wellness model features an entirely new approach to healthcare encompassing vision pharmacy and a walk-in medical clinic along with HearAtLast as the hearing provider.
This medical access approach will certainly benefit both the patient and HearAtLast as simple issues like ceruman management and third party sign off will be much more convenient for the patient with a physician nearby. The current process of inconveniencing patients for third party signoff can be drastically reduced by working with the physicians within the store.
These openings also puts HearAtLast on the cusp of being Canada's largest wholly-owned chain of Hearing Stores. Other operators such as Listen Up has 30 locations, Helix with 23 locations was sold earlier this month sold for $23.7M. Beltone hearing clinics has 30 locations and Island Acoustics has 45 locations although many of these locations are satellite locations.
"We are very proud of our growth and progress in the short time that we have been developing our Hearing Stores and we will continue in our development expansion to become Canada's leader and largest Hearing Store", commented HearAtLast's CEO, Matthew Sacco.
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 Hear At Last
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HRAL-Here at last, Inc.
HearAtLast Completes Latest Round of Financing and Converts $2 Million of Debt Into Preferred Series 'B' Shares
MISSISSAUGA, ON, Jun 12, 2009 (MARKETWIRE via COMTEX) -- HearAtLast Holdings, Inc. (PINKSHEETS: HRAL) announced today that it has completed its final round of financing from a private Investor for USD$1.9M by issuing the Company's Series 'B' Preferred Shares at a stated value of $10.00 per share.
Furthermore, the Company also converted USD$2.0M of debt into equity by issuing its Convertible Preferred Series 'B' Shares at $10.00 per unit. The Series 'B' Preferred Shares also have attached 2 year warrants to purchase ten shares of Common Stock at $0.50 a share for every Series 'B' Share held. The Series 'B' shares do not have any voting rights. In total, HearAtLast has issued $3.9M in Series 'B' Preferred Shares at $10.00 per share or 390,000 Series 'B' Preferred Shares.
The infusion of cash in return for the Company's Series 'B' Preferred Shares enabled HearAtLast to obtain funding without further dilution or issuance of the Company's common stock. "Based on today's market value for our stock, we felt it was prudent to issue a special series of our Preferred Shares with a stated value of $10.00 per share rather than issue common shares at today's current price levels that would have drastically diluted our common stock," stated Matthew Sacco, President and CEO of HearAtLast Holdings, Inc.
Matthew Sacco further stated that as the Company seeks out new financing, it will use any future funding as a catalyst in developing new Hearing Stores throughout Canada in Select Wal-Mart locations. "We have created a special class of shares, Series 'B' Convertible Preferred Shares, priced at $10.00 per share for the purpose of funding and capitalizing the Company," added Mr. Sacco.
The cash injection has been used to pay down its payables and develop our model of Hearing Stores within Select Wal-Mart stores. With the conversion of HearAtLast debt being recorded in the last quarter and the infusion of additional capital, HearAtLast will strengthen the Company's shareholder equity.
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 Hear At Last
Safe Harbor
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Interesting Video Newsletter on HRAL
Very Interesting Video - - HearAtLast Holdings, Inc. (HRAL.pk)
Video Newsletter:
Eyejot Video Mail from AiramReport
Hear AtLast Holdings, Inc.
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News Out on HRAL
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OTC Reporter starting to get onto HRAL this morning
People I know have been getting alerts from OTC Reporter. Something up.
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Finally seeing some volume....
This is a good setup for things to come on this Company.
Eyejot Video Mail from AiramReport
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nice news yesterday,
HEAR ATLAST HOLDI - trade time: 6/26/2009, 3:53pm ::: (Yahoo quotes :: 20 minute delay) Calc Fibs Pivots
Last Trade: 0.065
Change: 0 ("0.00%")
Previous Close: 0.065
Open: 0.061
Day's Range: 0.06-0.069
52wk Range: 0.00 - 0.00
Volume: 1317047
Market Cap: N/A
The DD Machine - Stock DD made easy
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Thanks for the info...
This company has a lot of potential as they just keep growing. With a deal like Wal-Mart in their corner, I can't see how this company won't have some real value.
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More DD on HRAL
Friday had showed good promise on this one. Found some good info on this industry.
https://www.betterhearing.org/hia/publications/MR13.PDF
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Not liking how this one is being tossed around..
looks like someone is trying to shake this tree to see if any cheap shares fall out
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