Hythiam, Inc. Licenses Proprietary HANDS Addiction Treatment to Lake Chelan Community Hospital.Business Editors/Health/Medical Writers LOS ANGELES--(BUSINESS WIRE)--May 11, 2004 Hythiam, Inc. (AMEX AMEX See: American Stock Exchange :HTM HTM HyperText Markup (file extension) HTM Hand To Mouth HTM harmful-to-minors HTM Held-to-Maturity HTM High Tide Mark HTM Hazlo tú mismo (Spanish: do it yourself) HTM Hierarchical Temporal Memory ), a healthcare services management company that focuses on alcohol and drug addiction drug addiction or chemical dependency Physical and/or psychological dependency on a psychoactive (mind-altering) substance (e.g., alcohol, narcotics, nicotine), defined as continued use despite knowing that the substance causes harm. treatment and neurostabilization to prevent craving and relapse, recently licensed its proprietary HANDS Treatment Protocol(TM) to Lake Chelan Community Hospital of Washington. Located in Washington's Lake Chelan Valley, Lake Chelan Community Hospital has an established Addiction Recovery Center that provides a comprehensive, holistic restorative program for adults suffering from alcohol and chemical dependency chemical dependency n. A physical and psychological habituation to a mood- or mind-altering drug, such as alcohol or cocaine. chemical dependency . "We see Hythiam's HANDS Treatment Protocol providing people in the Pacific Northwest with a cutting-edge addiction treatment to accelerate recovery from alcohol and drug dependence," said Larry Peterson, 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. of Lake Chelan Community Hospital. Hythiam's HANDS Treatment Protocol(TM) was designed for use by healthcare providers, enabling them to treat patients suffering from addictions to alcohol, cocaine, methamphetamine, and other addictive stimulants. Current results indicate the HANDS Treatment Protocol(TM) reduces inpatient treatment time, significantly reduces withdrawal symptoms Withdrawal symptoms A group of physical or mental symptoms that may occur when a person suddenly stops using a drug to which he or she has become dependent. , greatly improves treatment completion rates, increases cognitive function cognitive function Neurology Any mental process that involves symbolic operations–eg, perception, memory, creation of imagery, and thinking; CFs encompasses awareness and capacity for judgment , eliminates cravings, and decreases patient relapse rates as compared to most current treatment options. Hythiam is in active negotiations to license the HANDS Treatment Protocol to additional hospitals and addiction treatment centers across the country. "This agreement provides further evidence that the HANDS Treatment Protocol is filling an important unmet need, and that the healthcare community is recognizing its significant benefits," said Terren S. Peizer, Chairman and CEO of Hythiam, Inc. "We are confident that this and future agreements will provide widespread access to the HANDS Treatment Protocol for those whose lives are impacted by alcohol and drug addiction." About HANDS(TM) Hythiam's HANDS Treatment Protocol(TM) is designed to treat addictions to alcohol, cocaine, and other addictive stimulants -- as well as combinations of these drugs. HANDS(TM) is a medically supervised treatment protocol for neurostabilization and detoxification Detoxification Definition Detoxification is one of the more widely used treatments and concepts in alternative medicine. It is based on the principle that illnesses can be caused by the accumulation of toxic substances (toxins) in the body. from alcohol and/or addictive psychostimulants that simultaneously eliminates cravings, enhances cognitive function, and facilitates a pain-free withdrawal resulting in accelerated recovery. Unlike current practices for withdrawing addicted patients from alcohol, cocaine, or other addictive stimulants, the HANDS protocols are completed within 2-3 consecutive days of inpatient treatment, eliminate the use of sedating medications, require no tapering or washout washout to disperse or empty by flooding with water or other solvent. medullary solute washout a syndrome in which the relative hyperosmolarity of the renal medulla is reduced due to an excessive loss of sodium and chloride from period, significantly reduce or eliminate withdrawal symptoms and have substantially higher completion rates. HANDS protocols are specifically designed to eliminate cravings, a major factor in relapse. By providing a more beneficial treatment of the physiological component of the disease, HANDS protocols offer patients an improved chance for recovery. About Hythiam Hythiam, Inc. is a healthcare services management company, formed for the purpose of researching, developing, licensing, and commercializing innovative technologies to improve the treatment of alcoholism and drug addiction. Hythiam's technology is focused on treating addiction at the source -- the brain. Hythiam's proprietary, patented and patent-pending treatment protocols are designed to treat addiction by stabilizing neurological function. Forward-Looking Statements Except for statements of historical fact, the matters discussed in this press release are forward looking and 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. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and substantial regulation in the healthcare industry; and additional risks discussed under the "Risk Factors" heading in Item 1 of Part I of the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission on March 29, 2004. |
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