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Basking Ridge, NJ, May 19, 2000 - Hooper Holmes, Inc.(AMEX:HH) announced today that its April revenues indicate thatthe analysts' consensus of $77 million of revenues for the secondquarter of this year may be overly optimistic. It is possiblethat the "triple X" regulatory phenomenon that helped boost firstquarter revenues may now be depressing revenue for the secondquarter, as was indicated in the Company's first quarterconference call with analysts.
Jim McNamee, Chairman, President, and Chief ExecutiveOfficer said, "This is an industry wide phenomenon that appearsto have caused some top line softness during our second quarterto date. The Company's fundamentals remain strong and we remainconfident that if, as expected, the life insurance industryrecovers later in the second quarter, the Company's revenueswill, as well."
Hooper Holmes, Inc. provides health information services oninsurance policy applicants to the life insurance industry. TheCompany provides these health information services through over300 locations nationwide.
Certain information contained herein includes informationthat is forward-looking. The matters referred to in forward-looking statements may be affected by the risks and uncertaintiesinvolving in the Company's business. These forward-lookingstatements are qualified in the entirety by cautionary statementscontained in the Company's Securities and Exchange Commissionfilings.
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CONTACT:
Fred Lash
Chief Financial Officer
908/766-5000
Investors:
Theresa Schillero
Stacey Nield - Media
Morgen-Walke Associates
212-850-5600
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