BETHESDA, Md., Aug. 9 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. today announced the delay of its earnings release scheduled for after the close of the market on August 9, 2004, until after the close of the market on August 16, 2004, and the investor’s conference call scheduled for August 10, 2004, until August 17, 2004 in order to complete certain accounting reviews. These accounting matters have no relation to the allegations of billing discrepancies at the patient care center in West Hempstead, New York and preliminary findings of the independent investigation are being announced in a separate news release.
The Company plans to issue a press release announcing the results for the second quarter ended June 30, 2004 on Monday, August 16, 2004, after the close of the market. The quarterly conference call is scheduled to begin at 9:00 a.m., EDT, on Tuesday, August 17, 2004. Those wishing to participate should call 1-800-374-1855. In addition, a rebroadcast will be made available online following the conference call at http://www.hanger.com/. To listen to the rebroadcast, please go to the website to download and install the necessary audio software. The rebroadcast will be made available after the conclusion of the conference call.
During the conference call, management will review the Company’s financial and operating results for the second quarter ended June 30, 2004.
Hanger Orthopedic Group, Inc., headquartered in Bethesda, Maryland, is the world’s premier provider of orthotic and prosthetic patient-care services. Hanger is the market leader in the United States, owning and operating 614 patient-care centers in 44 states and the District of Columbia, with 3,385 employees including 1,016 practitioners. Hanger is organized into two business segments: patient-care which consists of nationwide orthotic and prosthetic practice centers and distribution which consists of distribution centers managing the supply chain of orthotic and prosthetic componentry to Hanger and third party patient-care centers. In addition, Hanger operates the largest orthotic and prosthetic managed care network in the country.
This document contains forward-looking statements relating to the Company’s revenues, contracts and operations. The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Statements relating to future revenues, contracts and operations, as well as the results of an incomplete investigation and certain legal proceeds in this document reflect the current views of management. However, various risks, uncertainties and contingencies could cause actual results or performance to differ materially from those expressed in, or implied by, these statements, including the Company’s ability to enter into and derive benefits from managed care contracts, the demand for the Company’s orthotic and prosthetic services and products, the uncertainties inherent in an incomplete investigation and legal proceeds and the other factors identified in the Company’s periodic reports on Form 10-K and Form 10- Q filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.
Hanger Orthopedic Group, Inc.
CONTACT: Ivan R. Sabel, George E. McHenry, or Jason P. Owen, of HangerOrthopedic Group, Inc., +1-301-986-0701
Web site: http://www.hanger.com/
