Utah-based company donates over $35,000 from Velocity hearing instrument sales.
SALT LAKE CITY, Nov. 20 /PRNewswire-FirstCall/ -- Sonic Innovations, Inc. (Nasdaq: SNCI) announced the company donated $35,492 to the Armed Forces Foundation (AFF) during a check presentation today with Sonic Innovations' President and COO Paul Wennerholm and AFF President and Executive Director Patricia Driscoll in Washington, D.C. The donation is the result of a program conducted by Sonic Innovations in cooperation with the AFF that began in July, in which the company pledged a donation of up to $50 to the foundation for every Velocity hearing instrument purchased through October 1, 2008.
"As a U.S.-based company, Sonic Innovations is strongly committed to improving the quality of life for U.S. service men and women," said Sonic Innovations' Chairman and CEO Sam Westover. "Our armed forces personnel have given so much to this country and Sonic Innovations wanted to do something to recognize the sacrifices they have made on our behalf. Sonic Innovations is proud to make this donation to the Armed Forces Foundation."
Driscoll commented on the program stating, "It is partnerships with companies like Sonic Innovations that make it possible for the Armed Forces Foundation to carry out its mission to serve our men and women in uniform."
Sonic Innovations is the largest publicly traded U.S.-based hearing aid manufacturer. The Velocity series of hearing instruments represent the company's premier line of digital products, making available advanced features that provide proven patient benefit.
The AFF was established in 2001 as a nonprofit organization and is a part of the U.S. Department of Defense's "America Supports You Program." The organization supports active-duty and retired personnel, National Guard, Reserve components and military families during their time of greatest need. With 14 programs, the Foundation assists with food, rent, hotel rooms for families visiting a wounded loved one, and holiday gifts for military children, among many others. The AFF has been recognized by The White House, the Department of Veterans Affairs, the Department of Energy, the Department of Education, and other nonprofits for its dedication and support of America's Service Members. For information on how to provide assistance to the AFF visit the AFF's website at www.armedforcesfoundation.org.
ABOUT SONIC INNOVATIONS:
Sonic Innovations is a global provider of superior hearing solutions. The company is passionate about quality, technology, and improving lives through enhanced hearing. Sonic Innovations is dedicated to the growth and success of their hearing-healthcare partners.
Sonic Innovations, headquartered in Salt Lake City, Utah, has international offices and manufacturing centers across the globe. In conjunction with their distributor partners, Sonic Innovations provides hearing care services and solutions in more than 25 countries. Sonic Innovations is listed on the NASDAQ Global Market System (SNCI) and can be found online at www.sonici.com.
Sonic Innovations' partners have prescribed more than 1 million Sonic hearing instruments.
This press release may contain "forward-looking statements" as defined under securities laws. Actual results may differ materially and adversely from those described herein depending on a number of factors including, but not limited to, the following risks: we face aggressive competition in our business; acquisitions could be difficult to integrate and disrupt our current business and therefore may harm our operating results; we may not launch more product lines this year; our products may not help people hear better or more naturally; we may poorly operate newly acquired businesses; we may lose a large customer or suffer a reduction in orders from a large customer; we must have innovative, technologically superior products to compete effectively; our products, due to their complexity, may contain errors or defects that are only discovered after sales by our customers, thus harming our reputation and business; we may have issues with intellectual property; and we have important international operations, which expose us to a variety of risks including government reimbursement, that could impact sales and operating results. For additional information regarding the risks inherent in our business, please see "Factors That May Affect Future Performance" included in our Annual Report on Form 10-K for the year ended December 31, 2007, as filed with the Securities and Exchange Commission.
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.
SOURCE Sonic Innovations, Inc.