Audiotech Healthcare Corporation V.AUD

News in detail

[GuyF]

Audiotech Healthcare Corporation STATE-OF-THE-ART HEARING & BALANCE CENTER OPENS IMMEDIATE PRESS RELEASE Kamloops, BC March 31, 2005 FSC / Press Release STATE-OF-THE-ART HEARING & BALANCE CENTER OPENS Kamloops, British Columbia CANADA, March 31, 2005 /FSC/ - Audiotech Healthcare Corporation (AUD - TSX Venture), is pleased to announce that it has opened its new state-of-the-art hearing and balance clinic in Idaho Falls, Idaho, to facilitate further expansion of its U.S. operations. The construction of the facility was completed ahead of schedule and on budget. The new clinic is located in a medical complex adjacent to the primary regional hospital in Idaho Falls. Audiotech's existing clinic in Idaho Falls is being relocated to the new facility. The new hearing and balance centre will allow the company's U.S. division to expand the range of services it offers to the community. In addition, the new location is expected to result in a substantial increase in referrals from physicians at the regional hospital, and to be more convenient for existing and new patients. It is expected that after a brief transition and start-up period, the new hearing & balance center will result in a significant increase in U.S. revenues. We will be posting a picture of the new facility on our website shortly at www.audiotech.org. Commenting on the opening of the new hearing & balance center, Dr. Gerry Mill, PhD, audiologist and chief U.S. operations manager, said: "We are very excited about this project. We now have the most advanced hearing and balance care clinic in eastern Idaho. It will serve as a regional referral centre for eastern Idaho, western Wyoming and southwest Montana, and as the springboard for the continued expansion of our U.S. operations." Based on the current enthusiasm of the medical community for the new Idaho Falls hearing and balance centre, management is confident that this new clinic model will prove not only to be a great success, but that it will serve as a template for the start-up of similar clinics in other key markets in the northwest United States. Accordingly, potential locations for future clinics are currently under consideration. Dr. Gerald Mill, recently commented: "We talk about the graying of America and how important that is to the future of the hearing care business. Hardly ever mentioned, however, is the incidence of balance disorders in the older population. It is a very significant problem and probably exceeds hearing loss in total numbers. Many individuals who will be hearing impaired in their retirement years will also be challenged with balance disorders, yet they are being ignored by conventional hearing care clinics. Our new hearing and balance centres will be there to assist an aging population of patients with both hearing and balance problems In addition, we will be well positioned to become a key referral center for the medical community as a whole which will be challenged to find economical solutions to provide a high standard of care." The company's shares are listed and posted for trading on Tier 1 of the TSX Venture exchange under the symbol "AUD." For more information on the company, contact Osvaldo (Ozzie) Iadarola, President & CEO, at [phone], or Doren Quinton of QIS Capital, investor relations, at [phone], or visit the company's website at www.audiotech.org. AUDIOTECH HEALTHCARE CORPORATION First Bank Building 760-175 Second Avenue Kamloops, B.C. V2C 5W1 Phone: [phone] Fax: [phone] Email: [e-mail] Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. Maximum News Dissemination by Filing Services Canada Inc. Ph: [phone] Fx: [phone] www.usetdas.com