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BASKING RIDGE, N.J., April 6, 1999 -- Hooper Holmes, Inc. (Amex:
HH - news) the nation's leading provider of alternate-site health
information to the life and health insurance industry, announced
today that it entered into an agreement with Western Institutional
Review Board (WIRB) of Olympia, Washington. Hooper will provide
confidential onsite medically related visits in support of WIRB's
responsibility to assure the rights and safety of patients involved
in clinical research.
WIRB, the nation's oldest and largest independent Institutional
Review Board oversees more than 5,400 active researchers who are
collectively involved in hundreds of FDA regulated trials at any
one time.
Jim McNamee, Hooper's Chairman and Chief Executive Officer,
commented, ``We are pleased to establish this relationship with
WIRB as it enables us to leverage our large field infrastructure
outside of our core market. While it represents less than $1
million in revenues in the first year, we expect it to grow in the
future. It also represents one of a number of future initiatives in
which we hope to provide health related information services to the
outsourcing-oriented pharmaceutical industry. Importantly, by using
our existing infrastructure, we can provide significant benefits to
this new market.''
Hooper Holmes, Inc. primarily provides medical and other
information services to the life and health insurance industry
through 8,500 medical information specialists who in turn operate
out of 200 locations nationwide.
Certain information contained herein includes information that
is forward looking. The matter is referred to in forward looking
statements may be affected by the risks and uncertainties involved
in the Company's business. These forward looking statements are
qualified in the entirety by cautionary statements contained in the
Company's Securities and Exchange Commission filings.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Hooper Holmes Inc.'s business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report or Form 10-K for the most recently ended fiscal
year.
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