-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mfna6RUtdc8bWwiiR3u714niGd2X9HdvJjz+Pfihg7xAroSufRwMAs6h7UqZ5wbX xNLmGI4+jnzcY3JrXnKCPQ== 0000950138-08-000285.txt : 20080408 0000950138-08-000285.hdr.sgml : 20080408 20080408163209 ACCESSION NUMBER: 0000950138-08-000285 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080408 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080408 DATE AS OF CHANGE: 20080408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEARUSA INC CENTRAL INDEX KEY: 0000821536 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 222748248 STATE OF INCORPORATION: DE FISCAL YEAR END: 1225 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11655 FILM NUMBER: 08745636 BUSINESS ADDRESS: STREET 1: 1250 NORTHPOINT PARKWAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 BUSINESS PHONE: 5614788770 MAIL ADDRESS: STREET 1: 1250 NORTHPOINT PARKWAY CITY: WEST PALM BEACH STATE: FL ZIP: 33407 FORMER COMPANY: FORMER CONFORMED NAME: HEARX LTD DATE OF NAME CHANGE: 19950808 8-K 1 form8k.htm

 


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

______________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event

reported): April 8, 2008

HearUSA, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

 

001-11655

 

22-2748248

(State or Other
Jurisdiction of
Incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

1250 Northpoint Parkway

 

 

West Palm Beach, Florida

 

33407

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code:

(561) 478-8770

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

 

Item 2.02 Results of Operations and Financial Condition

On April 8, 2008, HearUSA, Inc. issued a press release relating to the financial results for the fiscal quarter ended March 29, 2008. A copy of the press release is furnished with this Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1

Press release issued April 8, 2008.

 

 


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

HearUSA, Inc.

(Registrant)

 

 

 

Date:  April 8, 2008

By:

/s/ Stephen J. Hansbrough

 

 

Name: Stephen J. Hansbrough

 

 

Title: Chairman, President & Chief Executive Officer

 

 


 

EXHIBIT INDEX

Exhibit No.

Description of Exhibit

 

99.1

Press release issued April 8, 2008.

 

 

EX-99.1 2 exh99-1.htm PRESS RELEASE

Exhibit 99.1

 


 

FOR IMMEDIATE RELEASE

 

Company Contact:

Investor Relations

Stephen J. Hansbrough

Scott Liolios or Ron Both

Chairman, President & CEO

Liolios Group, Inc.

HearUSA, Inc

info@liolios.com

(561) 478-8770

(949) 574-3860

 

 

HearUSA Reports Record Revenues for First Quarter 2008

 

HearUSA Achieves Sixth Consecutive Record Quarter, Up 22% to $28.7 Million

 

West Palm Beach, Fla. – April 8, 2008 – HearUSA, Inc. (AMEX:EAR), the recognized leader in hearing care for the nation's top managed care providers through more than 190 company-owned hearing care centers and a network of over 1,900 affiliated providers, reported record revenues for the first quarter of 2008.

 

Net revenues reached a record $28.7 million, an increase of 5% over the previous quarter and an increase of 22% over the same period a year ago. Approximately 11% of the increase is attributable to hearing care center acquisitions made during the last 12 months, with 11% due to organic growth. This quarter represents the company’s sixth consecutive record quarterly increase in revenue.

 

"The exemplary effort of our 600-plus HearUSA colleagues has resulted in yet another record revenue quarter for HearUSA,” said Stephen J. Hansbrough, HearUSA’s chairman, president and CEO. “While our acquisition program continues on pace with our expectations, we are particularly gratified by our double digit organic growth in a difficult economic environment.”

 

Continued Hansbrough, “The last two quarters of 2007 provided a powerful springboard into this first quarter of 2008, and we anticipate the momentum to continue, including our acquisition program. Based on this progress, we continue to expect fiscal 2008 revenues to increase by at least 16% and exceed $120 million, with net earnings per basic share estimated between $0.08 and $0.11."

 

The company will provide further results in its complete first quarter press release and conference call, which will be announced at a later date.

 

About HearUSA

HearUSA, Inc. provides hearing care to patients primarily through more than 190 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, North Carolina, and the province of Ontario, Canada. The company also derives revenues from its HearUSA Hearing Care Network, comprised of 1,900 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. For further information, click on "investor information" at the HearUSA website: www.hearusa.com.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995, including the statements regarding the company’s expectation that the momentum will continue, that 2008 revenues will increase by at least 16% and exceed $120

 


 

million with net earnings per basic share of an estimated $0.08 and $0.11. 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 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 fiscal year ended December 29, 2007.

 

###

 

 

GRAPHIC 3 img1.jpg GRAPHIC begin 644 img1.jpg M_]C_X``02D9)1@`!`0$`8`!@``#__@`<4V]F='=A0D\%4$@4 MJFD7T@^9W?O,!5I550850H[@,5]J7BGYJ'AGYJMC0;LKQ:(>;>/^%)2:->H, MB)7`^RU69P#P*L?0:;N%7CFYCQVC+#^=9>/$O%BJDD;Q/NR(R'N88KR>=68R M-,"B3VUR/L2C=;_7LIG/9V^29+*X@/VHL.M<7#])7C_1EIUU+!>Q*C'<9@K+ MG@U.KV]M//%#%=2)&B2L`H!X`<:Z@KES;/RRUSUR7XU59T=HNC:=I ML"36=JD,DL2AV4G+<,]M/+[3[34[<07L"S1!@VZW+([:^V;IXC;]=?FU[?-2 MW2)]M??0CMX;2,D\RQW1@`= MI)H)RBLZV:U[:';ZYN;J&?\`8VC0/T8Z%%>:5N>-Y@0,`C.!VTOM>^T&R&E' M6=-UJ:\@A=1/:WT:."I.,AE"D<<>^@OU%5O8O:^VVOT@W,:=#=0D)<09SN-V M$'M![/;5(]E9YL;X0]J-?U2336-M-RG*QSNF99MUCV1@8' MOS63+;)EOHO14;>SWEBT;JZRPLP4AEP1[14E6R[;+OZ%%1.J:E/:RHL`&Z#U MR1GCSQ[JDXI%FB21#E6&163*6Z9,I;I[HHHKIT****!*1TP0?98$9^-<5Q3:5)9ER\%M>)WH<- M_KVTU9DBSA-1MCW+UEI2:*)6+3:=+&WV[-3U-4N8NY94)J=2M_O M[3W%=%KF,>.W3`L!@PXS^53E0D5P6N(P=7#Y8=01\_-4W7?&IQBN7-LN&V6N M>N2_&NHZYV@L]K]8MK:)(H8YBJ(@P%&!RJZ>%6_E&B;,:<"1"UJ M)V&?E,%51[LGWU4/"!Y<:Y^.WP%:7X0-F9]:V&TG4+.,R7-A;HS1J,L\90;V M/.,`^^@7\%]OJYV(MWL;NQBA::4[LMLSMG>(R2''=W58=:QLEL_M1>:G>>X4AJNJZGJ+[0WFC32M9V&GO;PE#U9;GF[+WE``,]Y-9WX'8[6;; M5WN-UYEM7>$OQ._D9(\^"?SH-<7:>>Z&+#9[5IB>331+;J?:Y!_*L:UE[F3P MP*]W`D$YO[?>C23?"\$QUL#/#'970-Q<0VEM)<7$J10QJ6=W.`H':37.MU>R M:EX58KV2&2+I]1A=$D7#!,KN9'9E<'VT&Y;:>16L^J2?"LK\":*=IM08J"RV M8P>[+C-:IMIY%:SZI)\*RSP)>4FI>IC^,4&N;1:';[1Z#=:5@TG?6PL]G8K4-OB%(X][&,XP,_E4Q3#6$9],EW1DC!/H!KG/UKG/UI/0O MJT??:I)ODGT5&:"P.GX!XASD5)2,J1LS'"@$DFLP]8S#UB,>R-[HUNB-NNJA MESR/"FZZCJ%B`MU;F11^]C^8X4Y>=[+3;)SE0"H<>;'&I,$,H(((/(US)OJ_ M;F8[ZNJBTU2QODZ&8%-XC@_+/IJ2FE6&%I&Y*,^FHC6[2!8!*B!9BP`"CY7L MIW&C2+;6TG'HT#R`]_8/?\*V6[LI,LI;*^3V8FTUXF(Z4_UF?[7/_*F^@7._ M`]NQXH8K,O\`-E9E/C9DL5%` M.1DW$9!2XD'_?7%Y94_-*G6:& M(_/7=KYF!*_GD4FUT>0U6W;[\8I@FN7B<"Z/]Y:]-K4C?*MK8^E:SYP\D.XK M@FXC!O[4Y8#"1\3YJFZKEE>7%S>1I'!"HWLL4CQ@58ZIQW:G%=PVOK)+^WZ& M26XB7>#;T$S1-P\ZD'%5>?P7[*W,\D]Q9SRRR,6=WN9"6)YDG-36MW$T%YHR MQ2LBRWP20*?E+T;G!\V0/=1J%U>Q:]IEM;S0I!.LID5X]XMNA2,'(QSJBI?3 M='@TMF,,]Y("H7=GN7E"@=P8G%+WUDE_;]#)+<1+O!MZ"9HF]ZD'%>KFW:X, M.)Y(A'('8(<;X'[I\V<9]%-M3N;ZW>W\4MNEC8GIF&&9!C@0N1GCY^'=0?_0 MT^Y\&.RUY<27%S:3S32'+R274A9CWDYJ?TS1K?205MYKMTW0@2>Y>15`Y8#$ MXKWI5^NH6SN)%=XI6BD"QLFZP["K<0>(I]05B_V!T*\U(:E!'/I]^"3XQ82F M%B3W@<#[N-*G9&*=.COM9UB]A/RH9KG=5AW'<"DCS&E=,U6^U/3DU)6LX+=Y M2HBDSO!0Y7K-G`;ARQSX4[U&:2/4=)1)&59+AE<`_*'1.<'V@'V4#VVMH+.V MCMK:%(8(UW4CC7"J.X"JGJ'@RV=OM1-_"ES871;?Z2RF,?6[P.(!]%2^H:S- M#KL.EP0G+6YN&EZ,OP#;N``1D]YSPX=].M)O;J\CG%W;=#)#*4#`\)!@$,!G M*\\$'M%!%V^Q6GK+')?W>HZJ8B&C74+DRHI'([G!2?2#7F_V!V>U+6'U:XM9 M?'G=7,J3NI#```C!X73X[RTD==UF@O)$)'<<-5HC#B-1*5:3'6*C`)\PXTAJ$ MEU#I]Q+91)+V@6AC$,*1!G8(H4%V+,<=Y/$GSU[YU6H]JTGO M(9HEC&DD(DMRY(*2NN\H[L`8!SR+`=AJ2LM3EFT)M3G@W5*/-'&ORC'Q*Y_M M%<'VT#E-/@BE,D.]$QY[C8!]G*E#;JQ!D9WQQ`8\/=4%;:YJ,UK8W8M!+'B!5L'[2 MDG'+AQIJ&IV]K:1!^D(+28P'8Y(]'=7U;9$9F#/ECDG>/&H'4M?N[:'4[FU2 M*:*PSE0AXE0"P9R0`?0#_*I'6=1FL-'\;MHXVE9XD5920O7=5XX]--0U$G3: M>PM[D@S*SXY98\*'FEM-.EGN=V62)&=A"I&]@$X`)/QJ$M-TL+SQ19([ MDQEXU0KN*^.*N3AL9[AGLI9+V62]IY;944*KR!0,`;YHI3I$^VOOHIJ&H:7_ M`#3VTS[***GEVEEV^4445RY%?3SHHH']C\VWIIU115L>EL>D1K7TO1_7A^F] M0NWWS6D>N?\`R:**UTN-5#;[Z#9?C'^$T44#[8GR:A_$?^*K#11093?>6S_W MBOQ%:+J/UCI7K#?I/1105_;_`.C6'XK?PT[V%\G1^*_QHHH*,OUS)_>(_6%: M3J_UAHWKA_2DHHH):BBB@SB?_9EM!Z[E/XA49X/OFM1_$7X444%8VF^O\`6_0?TQ6@ZS]00_BV_P"H >E%%!,UDVC^5%KZXWQ-%%!/2?2KOUF;]1J***#__9 ` end
-----END PRIVACY-ENHANCED MESSAGE-----