SALT LAKE CITY, May 25 /PRNewswire-FirstCall/ -- Otix Global,
Inc. (Nasdaq: OTIX), announced that its Australian division,
HearingLife, has begun offering franchising
opportunities to audiologists and audiometrists throughout
Australia.
HearingLife made the announcement at the annual
Audiological Society of Australia
(ASA) conference in Darling Harbour, Sydney. The ASA conference is equivalent
to the American Academy of Audiology conference which is held in
the U.S. each April.
Australia's
HearingLife General Manager, Ashley Wilson, indicated that, "A traditional
career path for an audiologist or audiometrist is generally a
position in either a hospital, university or private clinic and
most do not have the financial means to compete with the marketing
dollars being invested by the larger hearing care retailers.
Hearing care professionals want to focus on caring for their
patients and, as a result, many times do not have the time or
expertise to establish and manage a business with all the usual
inherent commercial, human resource and marketing issues. Our
franchising model provides the franchise owner with the tools and
resources to overcome these obstacles."
HearingLife is a leading private sector hearing
care provider and is one of Australia's first mainstream hearing care
retailers with 154 locations throughout Australia. Providing hearing health care
for over 75 years, HearingLife is one of Australia's largest employers of hearing care
professionals, providing best-in-class hearing health services
including hearing testing, diagnosis, consultation, rehabilitative
advice and prescription of appropriate hearing instruments.
"We have always believed that the hearing care professional
should focus on the needs of the patient. Our franchise model
provides the audiologist or audiometrist interested in owning and
managing their own business with the supporting infrastructure
necessary to compete in the marketplace. We believe this
opportunity for the Australian hearing industry will provide an
exciting new career path for many hearing care professionals,"
stated Otix Global chairman and CEO Sam
Westover.
About Otix Global
Otix Global designs, develops, manufactures and markets advanced
digital hearing aids designed to provide the highest levels of
satisfaction for hearing impaired consumers.
Forward–Looking Statements
This press release contains "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 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; our franchise program may not be attractive
to audiologists or audiometrists or may not produce the revenue and
earnings we anticipate; our franchise program may harm our
reputation in Australia or
elsewhere and, therefore, have a detrimental impact on the
remainder of our operations; we may poorly operate newly acquired
or franchised businesses; we may experience disagreement or
disputes with franchise owners which may impact the operation of
the franchise operation; our systems of internal control with the
franchisees may be ineffective; deterioration of economic
conditions could harm our business or the business of our
franchisees; we may be subject to litigation related to our
franchise relationships; 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; we may trigger a debt covenant default which could impact
our working capital and potentially disrupt our operations; and we
have important international operations, which expose us to a
variety of risks including government reimbursement and foreign
currency exchange fluctuations, 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, 2009, and
Form 10-Q for the quarter ended March 31,
2010, 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 Otix Global, Inc.