HearAtLast Poised for Growth Based on Recent Statistics Canada Seniors Demographic Data
13 Janeiro 2010 - 7:18PM
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 co-located within select
Wal-Mart Canada locations, announced today that its expansion plans
will mirror the ever-increasing seniors demographic throughout
Canada.
The HearAtLast model for Hearing Aid Testing and Dispensing
co-located within select Wal-Mart Canada locations is poised for a
significant upswing in Canada based on recent statistics Canada
forecasts. The senior population (those 65 and older), will
increase by 35% from 4.3 million to 5.8 million by year 2016.
Senior-focused franchises are already the fastest-growing market
segment in Canada. "These numbers fully support our growth
initiatives and licensing agenda for expansion. The oldest of
Boomers will start turning 65 in 2011 and this is just the
beginning of a major increase in potential HearAtLast prospects,"
stated Matthew Sacco, President and CEO. "HearAtLast has an
industry-leading average age of 64 (6 years below traditional
clinics) for first time buyers. This alone enables HearAtLast to
provide devices 1.5 more times than current MarkeTrak studies
indicate over the life of a patient. The funnel will be full for
years to come, and with over 80 percent of Canadians shopping at
Wal-Mart, the HearAtLast platform will surely prosper," added Mr.
Sacco.
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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