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HearAtLast Holdings, Inc. Provides Shareholder Update
Date:1/4/2008

TORONTO, Jan. 4 /PRNewswire-FirstCall/ -- (Pink Sheets: HRAL) -- HearAtLast Holdings, Inc. President Robert Oswald provides a shareholder update.

We were quite busy in both November and December as we opened 5 new locations across Canada, including the expansion of our chain into the province of Alberta. We were fortunate to have our Official Spokesperson for Canada, Mr. Walter Gretzky to appear at many of the grand opening events for our new locations. I was very pleased with the warm reception we both received from the media and the public at these events.

HearAtLast clinics posted record sales for the month of November and December in 2007. Gross sales in November were US $159,290 and our gross sales in December totaled US $203,446, our biggest month ever. It is important to note that these are gross sales figures and they do not include deductions for returns or other applicable allowances.

We also announced that on November 2, 2007 we secured private placement financing totaling US $1,000,000. This funding was an initial round of private equity financing (commonly referred to as a "PIPE" transaction) we received since HearAtLast shares began trading publicly. We obtained these investment funds from accredited investors in the aggregate sum of US $1,000,000 for the purchase of 666,667 shares of our company's restricted common stock, which represents a purchase price of US $1.50 per share. The private equity investors have agreed to a contractual two year "lock-up" on re-sale of the shares in the public market, terms which we feel are very favorable to our company and our current shareholders.

We are pleased to point out that the PIPE funding terms we negotiated were simple stock purchase agreements with no convertible features, warrants, stock options or any type of preferred securitization. All common stock that was sold in these two transactions will bear a two year restriction and holders of these securities are restricted f
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SOURCE HearAtLast Holdings, Inc.
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