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HearAtLast Holdings, Inc. (OTC: HRAL)(February 1, 2008) issued a press release announcing that that it has received another license from Wal-Mart Canada (NYSE: WMT) to open its 18th hearing-aid clinic which will be co-located within Wal-Mart Store #5778 located at 135 First Commerce Dr, Aurora, Ontario.
Great news from HRAL, as the store grand opening is scheduled for Tuesday, February the 5th, 2008. The Company currently owns and operates 17 hearing clinics co-located in Wal-Mart Stores, Wal-Mart Supercenters, and Sam's Clubs in Canada and one clinic in the U.S. in The Villages, Florida.
This expansion is a direct result of the Company exercising its option under a master licensing agreement with Wal-Mart Canada Corp., which allows HearAtLast to open hearing aid clinics within numerous Wal-Mart Stores, Wal-Mart Supercenters, and Sam's Club's throughout Canada.
"We are pleased to be opening our new clinic in the Town of Aurora," stated Mr. Robert J. Oswald, President of HearAtLast Holdings Inc. "Aurora has a key demographic for us with a large presence from both the automotive and insurance industries. With our continued expansion in Ontario, Alberta, and recently the U.S. market, our brand is thriving and there continues to be great new opportunities for our company."
HearAtLast Holdings, Inc. owns and operates its wholly-owned subsidiary HearAtLast Inc., a chain of hearing stores specializing in the sale of digital hearing aids and testing services. The company develops, owns, and operates hearing aid clinics co-located within select Wal-Mart stores throughout Canada. HearAtLast facilities sell a selection of high quality brand name hearing aids and also offer complimentary screening tests, clinical hearing tests, instant custom MP3 headphones and custom hearing protection. The Company's mission is to consolidate the highly fragmented hearing services industry while providing unparalleled service to the estimated 30+ million hearing impaired individuals throughout North America. After a prescription is approved, the independent on-site audiologists and hearing aid practitioners at HearAtLast utilize a refined process to dispense a hearing aid in about an hour.
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Genoil Inc (OTCBB: GNOLF)(February 1, 2008) is an international engineering technology development company based in Alberta, Canada that develops innovative hydrocarbon, oil and water separation and marine technologies for the oil and gas and commercial marine industries. On Jan. 31st 2008, Genoil Inc. and Aquamation Inc. announced that site work at the Abeokuta Gas Metering Plants in Nigeria is underway and gas plant equipment is being installed. The plant is expected to be commissioned in 60 to 90 days.
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Flowserve Corp. (NYSE: FLS) (February 1, 2008) is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. On Jan. 31st 2008 the company announced a 2008 full year EPS target range of between $5.10 and $5.40. In addition, the company also provided additional details about its pending 2007 results, including backlog, revenue and operating margin improvement, as well as its market outlook. As previously announced, bookings for the fourth quarter 2007 were $1.1 billion and for full year 2007 were $4.3 billion, both up 19 percent. The company's backlog on December 31, 2007 was approximately $2.3 billion, which is the highest year end level in the company's history. The company expects full year 2007 revenue to be approximately $3.75 billion, exceeding the previously announced target range of $3.6 to $3.7 billion. Flowserve also expects 2007 full year operating margin to be at or near an annual improvement of 300 basis points, the high end of its previously announced range.
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