UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): OCTOBER 27, 2004
AMERICAN MEDICAL ALERT CORP.
(Exact name of registrant as specified in its charter)
NEW YORK 333-54992 11-2571221
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
3265 LAWSON BOULEVARD, OCEANSIDE, NEW YORK 11572
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (516) 536-5850
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
ITEM 8.01. OTHER EVENTS
On October 27, 2004, American Medical Alert Corp., a New York
corporation, issued the following press release announcing the pending extension
of its existing New York City Contract:
CONTACT:
RANDI BALDWIN LESTER ROSENKRANTZ
VICE PRESIDENT COMMUNICATIONS & MARKETING INVESTOR RELATIONS
AMERICAN MEDICAL ALERT CORP. CAMERON ASSOCIATES
(516) 536-5850 EXT. 109 (212) 245-8800 EXT. 212
RANDI.BALDWIN@AMAC.COM LESTER@CAMERONASSOC.COM
- ---------------------- -----------------------
AMAC ANNOUNCES PENDING EXTENSION OF EXISTING
NEW YORK CITY CONTRACT
HUMAN RESOURCES ADMINISTRATION PLANS TO RE-ISSUE REQUESTS FOR PROPOSALS
FOR PERSONAL EMERGENCY RESPONSE SERVICES
Oceanside, NY-- October 27, 2004--American Medical Alert Corp. ("AMAC"), which
supplies personal emergency response systems ("PERS") to Medicaid eligible
individuals through the New York City Home Care Services Program, announced
today that the City of New York's Human Resources Administration ("HRA") has
canceled its request for proposals ("RFP") process seeking PERS services issued
in December 2002. HRA has stated that it plans to issue a new RFP with respect
to PERS services in the near future. As a result, HRA has advised AMAC that it
will continue to provide service at current rates until a contract is awarded
pursuant to a new RFP. According to HRA, the RFP is being cancelled "in the best
interest of the City". HRA has further advised AMAC that it will issue the
Company a new contract extension for the period through June 30, 2005, under the
current terms.
The current service is more extensive than the service specified under the
December 2002 RFP; accordingly the prevailing monthly reimbursement rate is
higher than the monthly rate which was contemplated in AMAC's RFP response.
AMAC cannot determine (i) when the terms of the new RFP will be published, (ii)
what the terms of the new RFP will be, (iii) how long the current contract terms
will remain in effect or (iv) whether AMAC will be the successful bidder on the
new RFP (and if so, under what terms and conditions). The HRA contract currently
represents 15% of AMAC revenues.
Speaking on behalf of American Medical Alert Corp, Howard M. Siegel, Chief
Executive Officer, stated-- "The Company has been assured by HRA that the
decision to cancel the RFP is not related to any performance issue or a negative
reflection upon the Company. The Company believes that as the incumbent provider
of service for more than 20 years, with high performance evaluations and state
of the art technology, AMAC is uniquely qualified to respond to any new RFP."
ABOUT AMERICAN MEDICAL ALERT CORP.
AMAC is a national provider of remote health monitoring devices and 24/7
communication services designed to promote early medical intervention and
improve quality of life for senior, disabled and chronically ill populations.
AMAC's product and service offerings include Personal Emergency Response Systems
(PERS), electronic medication reminder devices, disease management monitoring
appliances and 24/7 medical on-call and emergency response monitoring. AMAC
operates several National Medical On-Call and Communication Centers allowing
access to trained response professionals 24/7.
This press release contains forward-looking statements that involve a number of
risks and uncertainties. Forward-looking statements may be identified by the use
of forward-looking terminology such as "may," "will," "expect," "believe,"
"estimate," "anticipate," "continue," or similar terms, variations of those
terms or the negative of those terms. Important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are set forth in the Company's filings with the Securities and
Exchange Commission (SEC), including the Company's Annual Report on Form 10-KSB,
the Company's Quarterly Reports on Forms 10-QSB, and other filings and releases.
These include uncertainties relating to government regulation, technological
changes, our expansion plans and product liability risks.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: October 28, 2004
AMERICAN MEDICAL ALERT CORP.
By: /s/ Jack Rhian
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Name: Jack Rhian
Title: President