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HealthGrades Expects Third Quarter Revenue of Approximately $10 Million : Full-Year 2008 Ratings and Advisory Revenue to Be $39 Million to $40 Million Company Provides Update on Stock Repurchase Program
Date:10/14/2008

to make purchasing decisions in the current economic climate."

The Company plans to report financial results for the third quarter before the market opens on October 30, 2008. HealthGrades management will discuss quarterly results and comment on the outlook for the remainder of the year in an investment community conference call and webcast that same day beginning at 11:00 a.m. Eastern time.

About Health Grades, Inc.

HealthGrades is the leading independent healthcare ratings company, providing ratings and profiles of hospitals, nursing homes and physicians to consumers, corporations, health plans and hospitals. Millions of consumers and many of the nation's largest employers, health plans and hospitals rely on HealthGrades' independent ratings and decision-support resources to make healthcare decisions based on the quality and cost of care. More information on the Company can be found at http://www.healthgrades.com.

Forward-Looking Statements

This press release contains forward-looking statements, including without limitation statements relating to the Company's expected revenue for the third quarter 2008, and ratings and advisory revenue for the full year 2008. Actual results may differ materially from those described in such forward-looking statements due to several factors, including without limitation, slower than expected adoption of some of the Company's newer product areas such as advertising/sponsorship sales, a decline in advertising rates, a decline in anticipated contract retention rates, the Company's inability to enter into meaningful contractual arrangements and to successfully expand certain lines of business and other factors described in the Company's filings with the Securities and Exchange Commission, especially the section entitled "Risk Factors" in its 2007 Annual Report on Form 10-K.
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Source: PRWeb
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