IRVINE, Calif., Aug. 22, 2011 /PRNewswire/ -- CorVel Corporation (NASDAQ: CRVL), a national provider of industry-leading workers' compensation solutions, announced today that the Company will ring The NASDAQ Stock Market Opening Bell in New York City on Tuesday, August 23, 2011.
The Company will be commemorating its 20th anniversary as a public company being listed on the stock exchange. In attendance will be Chairman, V. Gordon Clemons and, President and Chief Executive Officer, Daniel J. Starck, who will preside over the Opening Bell Ceremony and will be joined by other Company executives.
"We recently announced record revenue in all four quarters of the fiscal year 2011, our 20th anniversary," said Mr. Starck, President and Chief Executive Officer of CorVel Corporation. "I would like to thank our customers, our associates and all of our stakeholders who have made our success possible during the last 20 years. We can't think of a better place to demonstrate our excitement for our future than by participating in the NASDAQ Opening Bell ceremony."
During the past 20 years the Company has grown revenues at a compounded growth rate of 13% a year, earnings per share at a compounded growth rate of 17%, and the stock price has appreciated at a rate of 15% per year.NASDAQ Event Details Where: NASDAQ Market Site - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Tuesday, August 23, 2011 at 9:15 a.m. - 9:30 a.m. ET Webcast: A live webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx. About CorVel CorVel Corporation is a national provider of industry-leading workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch to the problem of disability management so our clients can intervene early and often and are connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization's performance goals.