HearAtLast Prepares to List on the Over the Counter Bulletin Board
05 Janeiro 2010 - 7:20PM
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 it is near
completion of its 2008/09 audit and will be preparing documentation
to become a fully reporting Company, listed on the OTCBB.
As a reporting company, HearAtLast Holdings, Inc. will be
required to file annual reports on Form 10-KSB, quarterly reports
on Form 10-QSB, and reports or unusual events on Form 8K. In
addition, the Company will be required to solicit proxies for its
annual meetings in accordance to Section 14 of the Securities
Exchange Act of 1934 and other reporting requirements will apply to
management shareholdings.
HearAtLast Holdings, Inc. is currently trading on the Pink
Sheets, under the symbol HRAL. Upon the effective date of the Form
10 filing, the Company will attain Section 12 (g) reporting status
with the SEC, under the Exchange Act of 1934, which will allow for
broader market participation in the Company's shares by
institutional investors.
"We are pleased to be in the final stages of our endeavor to
become a full reporting company with a listing on the OTCBB. Our
legal team will be preparing a Form 10 submission with the SEC that
will include the audit. Upon effectiveness of the Form 10,
HearAtLast Holdings, Inc. will become a reporting Company and its
shares will be eligible for listing on the OTCBB," said Matthew
Sacco, Chief Executive Officer of HearAtLast Holdings, Inc.
Further stated Mr. Sacco, "With our expansion plans, this
registration will allow for a much broader shareholder base and
deeper institutional investments. A lower cost of capital to
sustain our expansion and operational advancements is pivotal in
our rapid expansion plans. We have already secured a couple of
different financial opportunities to accommodate this growth. We
expect the fully reporting status to open many more options."
HearAtLast opened its first store on October 18, 2006 in London,
Ontario, Canada. To date HRAL has 29 hearing stores operating in
Canada, 28 co-located within select Wal-Mart Canada Super Centers
and traditional Wal-Mart Stores.
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.
Investor Relations: HearAtLast Holdings, Inc. Aldo Rotondi
416-436-3795 investorrelations@hearatlast.com
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