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Graymark Healthcare Reports Full Year 2010 Results
Date:3/28/2011

capitalize on the 11 hospital contracts we folded into our model in 2010. Out of the 11, six were signed in the fourth quarter and we've since signed six additional hospital agreements in the first quarter of 2011. Based upon this momentum, as well as the increasing recurring revenue stream from converting new patients into our resupply business, we expect to be EBITDA positive in the third quarter of 2011."

About Graymark HealthcareHeadquartered in Oklahoma City, Okla., Graymark Healthcare Inc. (NASDAQ: GRMH) is the nation's second largest provider of sleep management solutions. In addition to diagnosing and treating over 80 sleep disorders, the company specializes in comprehensive care for Obstructive Sleep Apnea (OSA). Graymark offers its services through 98 sleep laboratories throughout the United States, including standalone or IDTF facilities, rural outreach sites and hospital or provider agreements. For more information, visit www.graymarkhealthcare.com.

Reconciliation of Non-GAAP Financial MeasuresGraymark is providing EBITDA from continuing operations information, which is defined as net income from continuing operations plus interest, income taxes, depreciation and amortization expense, and Adjusted EBITDA from continuing operations information, which is defined as EBITDA plus impairment of goodwill and intangible assets, impairment of property and equipment, impairment of equity investment, and non-cash stock option expense, as a compliment to GAAP results. The company has introduced Adjusted EBITDA in this reporting period to represent these additional non-cash charges, which, besides non-cash stock based compensation, the company does not expect to repeat in following periods. Therefore, the company does not plan to continue to use Adjusted EBITDA on an ongoing basis. EBITDA and Adjusted EBITDA are common
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SOURCE Graymark Healthcare Inc.
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