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BASKING RIDGE, N.J., Sept. 30, 2002 -- Hooper Holmes, Inc. (Amex:HH) announced today the promotion of Steve Kariotis, 46, to Senior Vice President and General Manager of the Company's newly established Diversified Business Unit ("DBU"), effective immediately.
The DBU has been established to include businesses that complement Hooper Holmes' core health information business, and the Company continues to purse accretive acquisitions that fit this criteria. The first operating company to become part of this unit is the recently acquired Medicals Direct Group.
In his new role, Mr. Kariotis will direct all business and operational activities for the DBU, including domestic and international sales, marketing, human resources, and customer service. Mr. Kariotis has been with Hooper Holmes for more than 20 years and most recently served as Regional Manager, Northern Region, the Company's largest and most profitable area of operations.
Jim McNamee, Chairman and Chief Executive Officer of Hooper Holmes, commented, "This is a well-earned promotion. Steve's industry experience coupled with the success he had in managing the Northern Region will be tremendous assets as we integrate the first DBU operation, Medicals Direct Group of the U.K. I am confident that Steve's extraordinary leadership will successfully guide our efforts as we expand into markets that complement our core business."
Hooper Holmes, Inc. provides health information services on insurance policy applicants to the life insurance industry. The Company provides these health information services through over 300 locations nationwide.
Certain information contained herein includes information that is forward- looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involving 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. The Company disclaims any obligation to update these forward-looking statements.
Contacts:
Fred Lash, Chief Financial Officer
908-766-5000
Investors-Media, Lauren Levine or Lanie Fladell
FD Morgen-Walke
212-850-5600
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