HealthTronics 4th Quarter Earnings Below Expectations; Conference Call Set for March 9, 2006.AUSTIN, Texas -- HealthTronics, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HTRN HTRN Research Triangle Park Training System HTRN Hyper Terminal ) today announced that its 4th quarter net income will fall below its previous guidance. Un-audited preliminary results for the 4th quarter ended December 31, 2005 indicate estimated earnings will be between $0.07 and $0.10 per fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, below previous guidance of $0.12 to $0.13 per fully diluted share. John Q. Barnidge, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (Interim), said, "The primary reason for the decrease is that our medical device sales fell short of estimates in the 4th quarter 2005. Our largest two business segments, Urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. Services and Specialty Vehicles, performed well during the quarter. Earnings per share, on a comparable pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma combined basis, were $0.10 in the 4th quarter 2004. Earnings per share for the year ended December 31, 2005 are estimated to be $0.40 to $0.44, as compared to the prior years' pro forma combined $0.41. We will provide a detailed review and analysis of the 4th quarter during our earnings call scheduled for March 9, 2006." 4th Quarter Earnings Call The Company will issue its financial results for the fourth quarter ended December 31, 2005 on Wednesday, March 8, 2006 after the stock market closes. Accordingly, John Q. Barnidge, President and CEO (interim), will conduct an accompanying conference call on Thursday, March 9, 2006 at 10.30am ET. Interested parties may participate in the call by dialing 888-743-0342 (for international callers dial 706-679-0861) and asking for the "HealthTronics" call (conference I.D. 5245584). Please call in 10 minutes before the call is scheduled to begin. The conference call will also be webcast live via the Investors section of the Company's web site at www.healthtronics.com. To listen to the live webcast, go to the web site at least 10 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Company's web site. About HealthTronics, Inc. HealthTronics provides healthcare services primarily to the Urology community and manufactures and distributes medical devices. The Company also manufactures specialty vehicles used for the transport of high-technology medical devices and broadcast & communications equipment. For more information, visit www.healthtronics.com. Statements by the Company's management during the conference call announced in this press release that are not strictly historical, including statements regarding plans, objective and future financial performance, are "forward-looking" statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although HealthTronics believes that the expectations reflected in such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are reasonable, no assurance can be given that the expectations will prove to be correct. Factors that could cause actual results to differ materially from HealthTronics' expectations include, among others, the existence of demand for and acceptance of HealthTronics' services, regulatory approvals, economic conditions, the impact of competition and pricing, financing efforts and other factors described from time to time in HealthTronics' periodic filings with the Securities and Exchange Commission. HEALTHTRONICS USE OF NON-GAAP FINANCIAL MEASURES This press release includes financial measures for pro forma combined net income and related earnings per share amounts for the 2004 4th quarter and for the year ended December 31, 2004 for HealthTronics Surgical Services, Inc. and Prime Medical Services, Inc. "as if" the two companies had been combined during these periods. Therefore, they are not calculated in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with U.S. generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). ). These non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures facilitate management's internal comparisons to the Company's historical operating results, to competitors' operating results, and to estimates made by securities analysts. Management uses these non-GAAP financial measures internally to evaluate its performance. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, the Company has historically reported similar non-GAAP financial measures to its investors and believes that the inclusion of comparative numbers provides consistency in its financial reporting. |
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