EX-99.1
2
a4795449ex991.txt
VERTRUE INCORPORATED EXHIBIT 99.1
Exhibit 99.1
Vertrue Completes the Acquisition of My Choice Medical Holdings, Inc.
STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 7, 2005--Vertrue Incorporated
(Nasdaq: VTRU), a leading marketing solutions company, today announced the
successful completion of its acquisition of certain of the assets of My Choice
Medical Holdings, Inc. ("MCM"), a privately held advertising and practice
management company serving cosmetic surgeons throughout the United States. MCM
will operate as a wholly-owned subsidiary of Vertrue Incorporated ("Vertrue").
Vertrue agreed to pay $33 million in cash at closing. In addition,
contingent payments may be paid if certain performance targets, including
increasing levels of revenue and earnings, are achieved over the next three
calendar years. The contingent payments will not exceed $56 million. The
acquisition is expected to be accretive to fiscal 2005 and 2006 earnings.
About Vertrue
Headquartered in Stamford, Conn., Vertrue Incorporated is a category leader
in both membership and loyalty programs, bringing value direct to consumers
through an array of benefits in healthcare, discounts, security and personals.
With broad online and offline distribution capabilities, Vertrue offers its
corporate client partners effective tools to enhance market presence, strengthen
customer affinity and generate additional value.
About MCM
My Choice Medical Holdings, Inc. is a medical practice management and
marketing company focused on the elective specialties. The company currently
manages over 90 plastic surgery centers throughout the continental United States
making it the largest company of its type in the country. My Choice Medical
contracts with board certified surgeons only.
Any statements herein regarding the business of the Company that are not
historical are "forward looking statements" that are intended to qualify for the
safe harbor provisions from liability provided by the Private Securities
Litigation Reform Act of 1995. Forward looking statements include, but are not
limited to, any projections of earnings, revenues or other financial items; any
statements of the Company's plans, strategies or objectives for future
operations; statements regarding future economic conditions or performance; and
any statements of belief or expectation. All forward looking statements rely on
assumptions and are subject to various risks and uncertainties that could cause
actual results to differ materially from expectations. Risks and uncertainties
that could affect the Company's future results include general economic and
business conditions, the level of demand for the Company's products and
services, increased competition and regulatory and legal matters and
uncertainties. Additional discussion of these and other factors that could cause
actual results to differ from those intended is contained in the Company's most
recent Quarterly Reports on Form 10-Q and Annual report on Form 10-K as filed
with the SEC.
CONTACT: Vertrue Incorporated
James B. Duffy, 203-324-7635

EX - 99 . 1 2 a4795449ex991 . txt VERTRUE INCORPORATED EXHIBIT 99 . 1 Exhibit 99 . 1 Vertrue Completes the Acquisition of My Choice Medical Holdings , Inc . STAMFORD , Conn . -- ( BUSINESS WIRE ) -- Jan. 7 , 2005 -- Vertrue Incorporated ( Nasdaq : VTRU ) , a leading marketing solutions company , today announced the successful completion of its acquisition of certain of the assets of My Choice Medical Holdings , Inc . ( " MCM " ) , a privately held advertising and practice management company serving cosmetic surgeons throughout the United States . MCM will operate as a wholly - owned subsidiary of Vertrue Incorporated ( " Vertrue " ) . Vertrue agreed to pay $ 33 million in cash at closing . In addition , contingent payments may be paid if certain performance targets , including increasing levels of revenue and earnings , are achieved over the next three calendar years . The contingent payments will not exceed $ 56 million . The acquisition is expected to be accretive to fiscal 2005 and 2006 earnings . About Vertrue Headquartered in Stamford , Conn . , Vertrue Incorporated is a category leader in both membership and loyalty programs , bringing value direct to consumers through an array of benefits in healthcare , discounts , security and personals . With broad online and offline distribution capabilities , Vertrue offers its corporate client partners effective tools to enhance market presence , strengthen customer affinity and generate additional value . About MCM My Choice Medical Holdings , Inc . is a medical practice management and marketing company focused on the elective specialties . The company currently manages over 90 plastic surgery centers throughout the continental United States making it the largest company of its type in the country . My Choice Medical contracts with board certified surgeons only . Any statements herein regarding the business of the Company that are not historical are " forward looking statements " that are intended to qualify for the safe harbor provisions from liability provided by the Private Securities Litigation Reform Act of 1995 . Forward looking statements include , but are not limited to , any projections of earnings , revenues or other financial items ; any statements of the Company 's plans , strategies or objectives for future operations ; statements regarding future economic conditions or performance ; and any statements of belief or expectation . All forward looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations . Risks and uncertainties that could affect the Company 's future results include general economic and business conditions , the level of demand for the Company 's products and services , increased competition and regulatory and legal matters and uncertainties . Additional discussion of these and other factors that could cause actual results to differ from those intended is contained in the Company 's most recent Quarterly Reports on Form 10 - Q and Annual report on Form 10 - K as filed with the SEC . CONTACT : Vertrue Incorporated James B . Duffy , 203 - 324 - 7635