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BASKING RIDGE, N.J., May 24-- Hooper Holmes, Inc. (Amex: HH) announced that on May 23, 2000 Jim McNamee, Chairman,President and Chief Executive Officer of the Company, exercised certain stock options and purchased 144,000 shares of the Company's common stock.
Mr. McNamee commented, ``At current levels, we believe our stock is undervalued. This purchase illustrates my confidence in the financial strength and longterm growth opportunities of the Company.''
Hooper Holmes, Inc. provides health information services on insurance policy applicants to the life insurance industry. The Company provides these healthinformation 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 therisks and uncertainties involving in the Company's business. These forward-looking statements are qualified in the entirety by cautionary statements contained inthe Company's Securities and Exchange Commission filings.
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