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Basking Ridge, N.J., January 14, 2000 - Hooper Holmes, Inc. (AMEX:HH) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 3 million primary shares of common stock, $.04 par value per share, offered by the Company. Hooper Holmes intends to use the net proceeds of this offering to repay a portion of its indebtedness incurred to acquire the assets of Paramedical Services of America, Inc., to fund possible strategic acquisitions, to provide working capital, and for general corporate purposes. A.G. Edwards & Sons, Inc. is acting as lead manager of the offering and Dain Rauscher Wessels, Robinson-Humphrey, and SG Cowen are acting as co-managers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
When available, a copy of the Hooper Holmes prospectus may be obtained from A.G. Edwards & Sons, Inc., 1 North Jefferson Avenue, St. Louis, MO 63103-2287.
Hooper Holmes, Inc. provides health and other underwriting information on insurance policy applicants to the life insurance industry. The Company provides these health information services through over 300 locations nationwide.
CONTACT: Fred Lash
Chief Financial Officer
908/766-5000
Ephraim Bernstein/Jill Zames
Media - Stacey Nield
Morgen-Walke Associates
212/850-5600
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