Hooper Holmes has four divisions. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today’s tests. Hooper Holmes Health & Wellness provides a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services.This press release contains “forward-looking” statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s annual report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on March 9, 2012. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.
Hooper Holmes (NYSE Amex:HH) has received a 2012 Insurance Industry Leadership Award from iPipeline®, the leader in on-demand marketing, selling and processing solutions for the nation's top insurance carriers, distributors and producers. The award was presented by Tim Wallace, CEO of iPipeline, at the company's "Connections 2012" conference in Las Vegas on March 29, 2012. The award honors innovation in extending iPipeline's technology to new markets. Also honored was Highland Capital Brokerage, which selected Hooper Holmes to provide data acquisition and processing solutions leveraging iPipeline's iGO™ Drop Ticket process. "This award reflects the progress Hooper Holmes has made in our transformation as a technology-enabled services company," said Dan L. Dodson, Hooper Holmes' Senior Vice President of Life Insurance. "We have been honored to partner with iPipeline, and we look forward to future opportunities to develop and leverage best practices with companies like Highland Capital Brokerage." “iPipeline is proud to recognize the accomplishments of its carriers, distributors and business partners. Our selection of Hooper Holmes was based on their highly successful and collaborative work with Highland,” said Michael Persiano, Chief Marketing Officer, iPipeline. “Hooper Holmes served as the best example of using innovative approaches to extending iPipeline products to alternative markets or a call center environment. We believe this landmark effort will define a new trend for the processing of applications within the North American Insurance industry and congratulate both Hooper Holmes and Highland for a job well-done.” About Hooper Holmes Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers.