Mr. Dawson Remains as a Member of the Board of Directors
Portland, OR - Sonus Corp. (AMEX: SSN), the largest audiology-based retailer of hearing instruments in North America with 1,346 Company-owned and affiliated hearing centers, today announced that Brandon M. Dawson has resigned as Chairman of the Board of Directors to pursue other interests. Mr. Dawson joined Sonus in 1995 as President and Chief Executive Officer, and became Chairman of the Board in December 1998. Mr. Dawson will remain a member of Sonus' Board of Directors.
Commenting on Mr. Dawson's resignation, Dan Kohl, Chief Executive Officer of Sonus Corp., stated, "Seven years ago Brandon recognized the opportunity to change our industry. Since that time, and with his leadership, Sonus has grown from a handful of clinics in Western Canada and the United States into North America's largest audiology-based retailer of hearing instruments with more than 1,300 Company-owned and affiliated hearing centers. We are grateful for Brandon's past contributions and welcome his continued guidance as a member of our Board of Directors."
Sonus Corp. is the largest audiology-based retailer of hearing instruments in North America. Sonus' 1,346 company-owned and affiliated hearing centers provide a full range of products and services to hearing impaired patients. The Company's vision is to become the premier network of hearing centers in North America. To learn more about the Company, visit the Sonus website at www.sonus.com.
This news release contains forward looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sonus Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors with respect to Sonus Corp. include economic trends in Sonus Corp.'s market areas, the ability of Sonus Corp. to manage its growth and integrate new acquisitions into its network of hearing care clinics, the development of new or improved medical or surgical treatments for hearing loss or of technological advancements in hearing instruments, changes in the application or interpretation of applicable governmental laws and regulations, the ability of Sonus Corp. to complete additional acquisitions of hearing care clinics on terms favorable to Sonus Corp., the degree of consolidation in the hearing care industry, Sonus Corp.'s success in attracting and retaining qualified audiologists and staff to operate its hearing clinics, the ability of Sonus Corp. to attract audiology centers as members of The Sonus Network, product and professional liability claims brought against Sonus Corp. that exceed its insurance coverage, Sonus Corp.'s ability to collect accounts receivable in a timely manner, and the availability of and costs associated with potential sources of financing. Sonus Corp. disclaims any obligation to update any such factors or to publicly announce the results of any revision to the forward looking statements contained herein to reflect future events or developments.
