HRAL Hear AtLast Holdings Inc (PK)

HearAtLast Holdings, Inc. (Pinksheets: HRAL) announced today that Company has posted its earnings report on pinksheets.com for its fiscal third quarter period covering 10/01/2007 - 12/31/2007. HearAtLast Holdings, Inc. through its wholly owned subsidiary HearAtLast, Inc. currently operates 18 hearing clinics co-located within Wal-Mart Stores, Wal-Mart Supercenters and Sam�s Clubs in Canada under a master licensing agreement with Wal-Mart Canada Corp. (NYSE: WMT). The Company also operates one free standing location in the U.S. located in The Villages, Florida. The Company recorded revenues of USD $484,087 for Q3 of FY2007, a 542% increase in revenue compared to Q3 FY2006 revenues of USD $75,391, and had revenues for the nine months ended 12/31/07 of USD $901,900 vs. revenues of USD $202,853 for the nine months ended 12/31/06, representing a 345% period-over-period increase. Management points out that there were only three stores open in Q3 of last year (Oct. �06 � Dec. �06). The strong increase in revenue is attributed to the addition of 18 clinics, of which 15 of which were fully operational during this reporting period, the final three months of calendar 2007. It should be noted that in 2006 while there were 3 clinics staffed, only one was operational while the other two were preparing for their grand opening. In Q3 of 2007 there were 18 clinics open and 15 were operational. HearAtLast expects the gross revenue for all new stores to increase as each location becomes more established and each store matures. Management would also like to add that the Company recorded revenues of USD $263,463 in the month of January 2008 alone, which would suggest a quarterly run-rate of nearly USD $800,000. As the new clinic locations become fully operational management believes that overall revenues will continue to increase at a substantial rate. �January revenues in 2008 are approximately 30% of what we did [in our fiscal] year to date,� said Robert Oswald, President of HearAtLast. �We expect to have additional profit centers within our locations as we add ancillary product offerings and services for our customers,� added Oswald. Administrative costs are well below expectations, again largely because management is moving slowly to increase support costs until they have more clinics at their maturity levels. HearAtLast stores are currently located in the following Wal-Mart Stores, Wal-Mart Supercenters, Sam�s Clubs and other free-standing locations: Wal-Mart Store # 5742150 McEwan Dr. E.Bolton ON., L7E-2Y3 � Wal-Mart Store # 3016881 St Clair St. ExtensionChatham ON., N7M-5J7 � Wal-Mart Store # 3031165 North Queen St.Etobicoke ON., M9C-1A7 � Wal-Mart Store # 30501280 Fanshawe Park Rd. W.London ON., N6G-1B5 Wal-Mart Store # 31312210 Bank St.Ottawa ON., K1V-1J5 Wal-Mart Store # 30821444 Quinn Dr.Sarnia ON., N7T-7H4 � Wal-Mart Store # 31591900 Eglington Ave. EScarborough ON., M1L-2L9 Wal-Mart Store # 31143120 Dougall Ave.Windsor ON., N9E-1S7 Wal-Mart Store # 31951070 Major Mackenzie Dr.Richmond Hill ON., L4S 1P3 � Wal-Mart Store # 30535000 Highway #7 Unit Y006AMarkham ON., L3R 4M9 Wal-Mart Store # 30299717-21st Avenue N.W.Edmonton, AB T6N 1J5 Wal-Mart Store # 302718521 Stony Plain Rd. NWEdmonton, AB T5S 2V9 � Wal-Mart Store #10783195, 3055 26th Ave N.Lethbridge, AB T1H SP4 Wal-Mart Store #30653900 Innes RoadOrleans, ON., K1C 1T1 Wal-Mart Store #1056450 Stevenson Rd SouthOshawa, ON., L1J 5N6 � Wal-Mart Store #5778135 First Commerce Dr.Aurora, ON., L4G 0G2 Wal-Mart Store #10502881 Mainstreet S.W.Airdrie, AB T4B 3G5 � Sam�s Club255 Silver Linden DriveRichmond Hill, ON., L4B 4V5 HearAtLast975 Del Mar DriveThe Villages, FL 32159 About HearAtLast Holdings, Inc. HearAtLast Holdings, Inc. is a Nevada corporation that owns and operates its wholly-owned subsidiary HearAtLast Inc., a chain of hearing stores specializing in the sale of digital hearing aids and testing services. The company develops, owns, and operates hearing aid clinics co-located within select Wal-Mart stores throughout Canada. HearAtLast facilities sell a selection of high quality brand name hearing aids and also offer complimentary screening tests, clinical hearing tests, instant custom MP3 headphones and custom hearing protection. The Company�s mission is to consolidate the highly fragmented hearing services industry while providing unparalleled service to the estimated 30+ million hearing impaired individuals throughout North America. After a prescription is approved, the independent on-site audiologists and hearing aid practitioners at HearAtLast utilize a refined process to dispense a hearing aid in about an hour. For additional information log on to: www.hearatlast.com. Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.