BASKING RIDGE, N.J., Jan 18, 2011 -- Hooper Holmes (NYSE Amex:HH) has appointed Anthony Mendicino as Senior Vice President, Risk Assessment Sales, a newly-created position responsible for the sale of all products and services to the insurance industry.
In his new position, Mr. Mendicino is responsible for sales and account management of the Company's core exam, call center and underwriting services nationwide, including the iParamed e-Exam, a technology platform that delivers a complete digital case file for any life insurance applicant, anywhere in the U.S.
"Tony Mendicino has a 20-year track record in meeting or exceeding sales objectives. He has helped his employer become the leading provider of software and medical equipment to the healthcare industry, and I am confident he will have the same impact at Hooper Holmes," said Ransom J. Parker, President and CEO of Hooper Holmes. "His strong reputation in the healthcare industry will also help us expand our business."
Mr. Mendicino has been a senior sales executive at Siemens Medical Solutions USA for the last ten years. In his most recent position he has been responsible for the sale of applications, services and consulting solutions in excess of $180 million. As Regional Vice President, he has been the senior customer executive for dozens of customer organizations and led large sales, customer service and account management teams. He also held senior sales positions at The Compucare Company and Four Rivers Software Systems, Inc. Mr. Mendicino holds a B.S. in Business Administration from Indiana University of Pennsylvania.
About Hooper Holmes
Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers.
Hooper Holmes has four divisions. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today's tests. Hooper Holmes Health & Wellness provides a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services.
This press release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2009, filed with the Securities and Exchange Commission on March 12, 2010. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.
Contacts: Hooper Holmes Burt R. Wolder, Senior Vice President, 908-953-6249 OR Investors: S.M. Berger & Company Andrew Berger, 216-464-6400