Hooper Holmes Updates Guidance ( BASKING RIDGE N.J. Feb. 20 /- Hoo...)

Hooper Holmes Updates Guidance

Date:2/20/2008

BASKING RIDGE, N.J., Feb. 20 /PRNewswire-FirstCall/ -- Hooper Holmes today announced that, due to continuing declines in Portamedic revenues, the Company does not expect to be profitable in the fourth quarter 2007, excluding the gain on sale of its Medicals Direct subsidiary. Portamedic's revenue declines are attributable in part to a greater than expected reduction in paramedical exams of 13% in the fourth quarter 2007, compared to the prior year. Regarding 2008, the Company no longer expects to be profitable in the first quarter or for the full year.

As of December 31, 2007, the Company has approximately $10 million in cash on hand and no borrowings against its $25 million credit facility. The Company expects to issue its fourth quarter and full year 2007 financial results on March 14, 2008.

"The Company has made progress over the past two years in strengthening its balance sheet and reducing its cost of operations. My goal is to improve the performance of all our business units, particularly the core Portamedic operations," said Roy H. Bubbs, Interim President and CEO of Hooper Holmes. "I am committed to bringing my experience in life insurance and financial services and track record of growing profitable revenues to bear on these challenges."

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About Roy H. Bubbs, Interim President and CEO

Roy H. Bubbs was appointed interim President and CEO of Hooper Holmes on February 6, 2008. He has been a member of the Company's Board of Directors since May 30, 2007. For the past several years he has been self-employed, developing strategic business and operational plans for new ventures for insurance companies as well as private investors.

Roy has been in the financial services industry for 34 years. As President of Mony Partners he created the brokerage division for the Mony Group, leading strategy, infrastructure, operations and business plan implementation. His experience in expanding distribution channels, institu
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