Borowiec from
Sovereign Bank said, "We are so pleased to
administer this important program with the Massachusetts
Rehabilitation
Commission and Easter Seals. For more information on MRC,
visit http://www.
Business Editors/Health Editors
MONTREAL----Sonomax Hearing
Healthcare, Inc.
Revenue
for the quarter ended March 31, 2005 was $226,205, versus
$246,363 for the comparable 2004 quarter
.
nominal sites
Bartels,
commissioner of the MRC."
"There is a tremendous need for a program such as this
," Easter Seals
President Kirk Joslin said. "Assistive technology can open up a whole new
world
for someone with a disability. In addition, Easter Seals offers job
training and employment, home
-based non-medical services for elders,
recreational activities, rehabilitation services and public
awareness programs
to people of all ages with all kinds of disabilities. Operating expenses (exclusive
of interest on
convertible debentures) for the quarter ended March 31, 2005 were
$1,093,223, versus
$1,019,685 for the comparable 2004 quarter. The Company now
provides its hearing protection products
to 40 Fortune 500
companies. This contemplates a suite of products where Sonomax's
patented
expansion technology will act as the platform for a
multiplicity of in-the-ear applications, for
example, hearing aids
and communications devices, to be made available to the public
through
the retail channel of distribution.Features sites that sell products or services for people with nominal
hearing abilites.
people removal
7 million federal grant for the program and chose
Easter Seals to manage the project
.
2. As we gain greater visibility into the
fundamental strength and market potential of these
products, we gain
confidence in our ability to accelerate our growth and our drive to
profitability
.
Groundbreaking technological advances in the hearing protection,
hearing aid and personal
electronics fields currently lack the last
piece of the puzzle.disabilities ear
The Massachusetts Assistive
Technology (MA AT) Loan Program provides low-
interest loans to qualified people with disabilities
and their families to
purchase assistive technology and services that will help them lead more
independent
lives." Easter
Seals is working in partnership with Sovereign Bank and disability groups
around
the state.
About MRC
The Massachusetts Rehabilitation Commission has earned a national
reputation for developing innovative and comprehensive programs that improve
the lives of individuals
with all types of disabilities. The MRC has been
providing vocational rehabilitation, independent
living and disability
determination services for more than 80 years.
1. Operating expenses
have been reduced by 21% from the prior quarter
(Q4 2004) and 38% from their 2004 peak, showing
positive results
from the Company's renewed fiscal restraint and the
rationalization of
its distribution channels.
or removal
During the quarter, Sonomax incurred significant costs associated
with the continued development of its platform products
initiative. The Company expects
to begin generating platform product revenues against these
expenses in late 2005, with
the initial focus being directed at
penetration of the hearing aid market. has invented a unique
earpiece
that is the gatekeeper between sounds and the eardrum.products shopping
Certain vehicle and home modifications
also are eligible for loans.
The MRC obtained a $1. Sovereign is the 19th largest
banking
institution in the United States.
"We have developed a new hearing aid product line that offers
not only the
high-end features required today for a premium digital hearing aid, but also
advanced
patent-pending features that are unavailable elsewhere in the
marketplace," stated Andy Raguskus
, the Company's President and CEO. Unit sales were comprised of 78% for follow-on orders to
existing
customers and 22% to new customers."
About Sonomax
Sonomax Hearing Healthcare Inc.an interface
that will permit those
technologies to achieve their very exciting potentials.an instant-fit, custom
-made earpiece that delivers a perfect
acoustic seal every time, along with computer-generated proof
of
performance.removal abilites
BOSTON, An innovative loan program is
now available to Massachusetts residents
with disabilities through a
partnership between the Massachusetts Rehabilitation Commission (MRC
), Easter
Seals Massachusetts and Sovereign Bank.org or call
1-800-244-2756. Actual results may
differ materially and adversely from those
described herein depending on a number of factors, including
the competitive
performance and features of our products; demand for and market acceptance of
our
products; delays in completing or introducing our new products; and the
announcement or introduction
of new products by our competitors.features removal
About Sovereign Bank
Sovereign Bancorp, Inc.
Continuing Sonic Innovations' legacy of outstanding Noise Reduction
algorithms, Innova features
Adaptive Noise Reduction, which intelligently
varies the level of noise reduction applied in different
listening
environments. Directionality is a
proven way to enhance speech understanding in background
noise by emphasizing
sounds arriving in front of the hearing aid wearer (speech) and de-emphasizing
sounds that arrive to the side of and behind the wearer (noise)."
Capitalizing on what it
believes to be an advanced understanding of human
hearing, Sonic Innovations designs, develops, manufactures
and markets
advanced digital hearing aids intended to provide the highest levels of
satisfaction
for hearing-impaired consumers.
Expenses for the quarter
ended March 31, 2005 were $1
,413,223, versus $1,019,685 for the
comparable 2004 quarter.
Sonomax's proprietary expansion
technology provides exactly
that.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. with respect to its performance, business
and future events. Actual results and events may vary significantly.nominal removal
Assistive technology includes
communications devices,
specially adapted computers, Braille equipment, and hearing and vision aids
.
"Technology can level the playing field for people with disabilities when
it comes to getting
jobs and living independently," said Elmer C.com or call 1-877-SOV-BANK. The Company is
pleased
to now be operating under the fiscally strong combination
of growing revenues and declining expenses
, with the attending
result being a drive to profitability.wax protection
(TSX VENTURE:SHH), the "Company", a
leader in the
development and deployment of intra-ear technology for hearing
protection, hearing
enhancement, and other auditory applications,
today reported a net loss of $1,334,120 ($0.
3
.people aids
Assistive Technology Loan Program Launched to Benefit Massachusetts Residents with Disabilities
"This program offers us the ability to broaden our
scope of services to the disability community
and help additional consumers
get the assistance they need.mass.
About Easter Seals
Easter Seals Massachusetts is nationally known for its broad and deep
expertise in assistive technology
.Sonic Innovations Inc. Introduces Premium Digital Hearing Aid Line
Innova's most exciting new
feature, DIRECTIONALfocus(TM),
delivers an unprecedented directional measure of 11 dB through a revolutionary
new form of patent-pending adaptive directionality..aids sites
Sovereign
offers a broad array of financial
services and products including retail
banking, business and corporate banking, cash management,
capital markets,
trust and wealth management and insurance. Entering Q2, the
Company has 6
distributors and 8 licensees, each of whom is
continuing to show strong and focused commitment
to the growth of
the Company's hearing protection product sales.
Sonomax has the capability
of protecting people against hearing
loss from harmful noise, and can also be the ultimate sound
conduit
for people with hearing aids and those using personal electronic
auditory devices, for
communication or to listen to music. This
news release contains certain forward-looking statements
that reflect
the current views and/or expectations of Sonomax Hearing Healthcare
Inc.disabilities ear
These and
other risk factors are described in "factors that may affect future
performance" included in our
annual report on Form 10-K for the year ended
December 31, 2004, as filed with the Securities and
Exchange Commission.
people products
We look forward to helping those with
disabilities receive the services they
need to enrich their lives.S.
In addition,
Innova provides a complete line of hearing
aid models from completely-in-the-
canal (CIC) to an innovative behind-the-ear (BTE) product.
Mr.Sonomax Reports First Quarter Results
Such statements are subject to a number of risks
, uncertainties and
assumptions.hearing aids
"
Christopher T. Sovereign Bank will handle the loan distribution
. For more information on Sovereign
Bank, visit http://www.
We undertake no obligation to
revise our forward-looking statements to
reflect events or circumstances after the date hereof as
a result of new
information, future events or otherwise.
Commented Barry Schwartz, Chairman
and CEO of the Company, "Our
results from the first quarter show that we are turning the corner in
terms of steady growth in our hearing protection product sales, and
we see this trend continuing
strongly through the second quarter and
the balance of the fiscal year.or sell
The MA AT Loan Program puts
that
technology and related services within reach of many more people. Innova is the Company's
next
generation of high-end digital hearing aid technology offering unmatched
hearing aid consumer benefits
and features.C. We are also encouraged by early market engagement experiences
with our platform
products..shopping that
Department of Education., ("Sovereign") (NYSE: SOV), is the parent company
of Sovereign
Bank, a $58 billion financial institution with more than 650
community banking offices, over 1,000
ATMs and approximately 10,000 team
members with principal markets in the Northeast United States
.sovereignbank. With the development of
Innova, Sonic Innovations has continued its focus on delivering
features that
translate into real-world benefit for the hearing impaired.
This press release
contains "forward-looking statements" as defined under
securities laws, including statements concerning
the performance of the Innova
product family and potential improvement in sales, gross margin and
earnings
in the future. We are very pleased that the
adjustments we made during 2004 are now
showing positive results for
our shareholders, and we look forward to a continuation of this
trend
...features sell
For more information on
Easter Seals Massachusetts, visit http://www.EasterSealsMA. Innova launched
last week at the
American Academy of Audiology Convention in Washington, D. I expect Innova
to
drive an improvement in sales, gross margin and earnings in the future.02 per share) for the comparable
quarter ended March 31, 2004.
With its multi-purpose capabilities, it can shut the gate on
harmful
sounds like workplace noise with unparalleled efficiency, and
can also welcome sounds like music
and voices with perfect fidelity.products abilites
For more information about the AT Loan program, contact Jason
Luciano at
Easter Seals Massachusetts at 508-751-6431 or Karen Langley at MRC at
617-204-3623
.gov/mrc. Innova(TM) Product Family Debuts at the
American Academy
of Audiology Convention
SALT LAKE CITY, Sonic Innovations, Inc.
(Nasdaq: SNCI), a leading
producer of advanced digital hearing aids, today
announced the release of its Innova product family
. Revenues increased by an average of 20% per month during the
quarter.disabilities assistive
The funding came from
the Alternative
Financing Program of the National Institute on Disability and Rehabilitation
Research
, U. Raguskus further stated, "Innova delivers unique technology solutions
for even the most challenging
listening environments.03 per share) for the
first quarter ended March 31, 2005, versus a net loss
of $1,065,157
($0.protection or
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