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BASKING RIDGE, N.J., May 10, 2005 -- Hooper Holmes, Inc. (HH) today announced that it plans to increase the size of its board through the selection and ultimate appointment of one additional independent director. Hooper Holmes' board currently includes a majority of independent directors and is presently compliant with AMEX rules. The additional appointment, which will be made during 2005, is designed to ensure the Company continues with the independence standards established by leading proxy advisory service providers and other governance monitors and continues to be compliant with AMEX rules.
Mr. Jim McNamee, Chairman and Chief Executive Office of Hooper Holmes, said, "Our decision to enhance the level of independence of our Board of Directors is consistent with our commitment to best practices for corporate governance. Over the next six months, we will be seeking to appoint an additional director who will not only increase the level of independence of our board, but also provide additional financial expertise and experience to the existing board."
About Hooper Holmes, Inc.:
Hooper Holmes provides outsourced risk assessment services to the life insurance industry through over 265 locations nationwide and in the United Kingdom, as well as claims evaluation information services to the automobile, and workers' compensation insurance industries.
Contact:
Hooper Holmes, Inc.
Fred Lash, Chief Financial Officer
+1-908-766-5000
Financial Dynamics
Investors: Jonathan Birt, or John Capodanno
or Media: Sean Leous
+1-212-850-5600
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