Stock Market Alerts' performance stock list includes: HearAtLast Holdings (PINKSHEETS: HRAL), Synaptics (NASDAQ: SYNA), Cognex Corporation (NASDAQ: CGNX) and Wright Medical Group, Inc. (NASDAQ: WMGI).
Having issued a string of positive news last week, HearAtLast Holdings, Inc. (PINKSHEETS: HRAL) should have investors closely monitoring the stock closely as the company has released additional breaking news.
Early this morning, the company issued a press release announcing that it has formed a 50-50 venture with Vivatone Hearing Systems, LLC to open a hearing-aid clinic within The Villages, Florida, America's largest private city with 70,000 residents over the age of 55. This clinic is HearAtLast's first U.S. hearing center, and the first in a series of units to be opened over the next year.
Great news from HRAL! "We are delighted to have partnered with Vivatone Hearing Systems, to open our first U.S. hearing-aid clinic in a prestigious community like The Villages, Florida," stated Matteo Sacco, CEO of HearAtLast. "Vivatone is quickly becoming a major player in the hearing-aid world with their leading-edge technology and innovative ideas. Once build-out of the 1,500 square-foot clinic is completed, we expect to have the grand opening of the facility, located in a very prominent part of The Villages," Sacco further explained.
Richard Hudson, Vice-President and General Manager of Vivatone Hearing Systems said, "We're excited about our partnership, working with the experienced team at HearAtLast to enable all residents with a hearing loss in The Villages, and surrounding areas, to enjoy the natural sound and improved hearing that Vivatone's innovative state-of-the-art technology can provide."
Vivatone is the creation of Leon C. Hirsch, Founder and CEO of United States Surgical Corporation, and Dr. Natan Bauman, formerly a professor of audiology at Yale University. The company was formed to market Dr. Bauman's revolutionary invention that pioneered open ear technology, making Vivatone the leading company offering hearing-aids that eliminate the uncomfortable, "echo-chamber effect," of previous hearing devices. According to the press release, Mr. Hirsch, who was the Founder, Chairman, and Chief Executive Officer of United States Surgical Corporation (sales exceeding $1 Billion in 1997 when the company was sold) prior to becoming the Chairman and CEO of Vivatone Hearing Systems, is also on the board of Jarvik Heart.
Investors continue to watch this company! Last week the company issued several important press releases. Here are some of the highlights:
-- HearAtLast reported that it has launched an exclusive new line of MP3 earphone products based on the patented custom technology from Sonomax Hearing Healthcare, Inc. -- The company also announced that it has received a license from Wal- Mart Canada, a wholly-owned subsidiary of Wal-Mart International, Inc., to open their first hearing-aid clinic to be co-located inside a Sam's Club location. -- It has formed an alliance with American Express Corporation and Wal- Mart Stores to help conquer hearing loss with the launch of a special American Express Giftcard promotion. -- The company also received additional licenses from Wal-Mart Canada to open their ninth and tenth hearing-aid clinics in two Toronto area Wal-Mart Stores.
HRAL closed Friday at $1.86 a share.
HearAtLast Holdings, Inc. 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, instant custom MP3 headphones and custom hearing protection. 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 a hearing aid in about an hour.
Other Stocks of interest Friday were:
Synaptics (NASDAQ: SYNA) up 19% on 3.8 million shares traded. Synaptics is a leading developer of human interface solutions for mobile computing, communications, and entertainment devices. The Company creates interface solutions for a variety of devices including notebook PCs, PC peripherals, digital music players, and mobile phones.
Cognex Corporation (NASDAQ: CGNX) up 18.8% on 2.1 million shares traded. Cognex Corporation designs, develops, manufactures, and markets machine vision sensors and systems, or devices that can "see." Cognex vision sensors are used in factories around the world to automate the manufacture of a wide range of items and to assure their quality.
Wright Medical Group, Inc. (NASDAQ: WMGI) up 18.6% on 1.8 million shares traded. Wright Medical Group, Inc. is a global orthopaedic medical device company specializing in the design, manufacture and marketing of reconstructive joint devices and biologics.
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