MARIETTA, Ga., Oct. 28, 2003 (PRIMEZONE) -- HealthTronics Surgical Services, Inc. (Nasdaq:HTRN), a leading provider of minimally invasive urologic and orthopaedic services, today announced that it has been ranked among Forbes' 200 Best Small Companies of 2003. The list evaluates public companies by return on equity, sales and earnings per share over both 5-year and 12-month periods. This is the second year in a row that HealthTronics has been named to this list.
Dr. Argil Wheelock, HealthTronics' Chairman and Chief Executive Officer commented, "We are extremely pleased to be named to this prestigious list of companies. Inclusion on the Forbes 200 is based on objective criteria and measures how well a company is executing its business plan. All of my co-workers have contributed to our achievements and are to be commended on their performance. I am grateful for their untiring efforts as we work together to make HealthTronics a continuously improving company."
In separate news, HealthTronics was also named to the 2003 Deloitte Technology Fast 500 list, which recognizes the fastest growing technology companies in the United States and Canada. This is also HealthTronics' second consecutive appearance on this list.
About HealthTronics Surgical Services
HealthTronics Surgical Services, Inc. is one of the nation's leading providers of non-invasive and minimally invasive surgical services for certain urologic and orthopaedic conditions. The company provides technical and administrative services to physicians, hospitals and ambulatory surgery centers using extracorporeal shock wave devices. The two primary services offered by the company are lithotripsy extracorporeal shock wave treatment, which is a procedure for treating kidney stones in a non-invasive manner, and Orthotripsy(r) extracorporeal shock wave treatment, which is a procedure for treating orthopaedic soft tissue disorders in a non-invasive manner. The Company has operations in approximately 45 states in the U.S. More information about HealthTronics Surgical Services can be found at the Company's website, www.healthtronics.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of HealthTronics Surgical Services to be materially different from any future results, performance or achievements express or implied by such forward-looking statements. Factors that might cause such a difference, include, but are not limited to those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Annual Report on Form 10-K for the year ended December 31, 2002, and in subsequent documents filed by HealthTronics Surgical Services with the Securities and Exchange Commission.