Article: Health Grades, Inc. Announces Second Quarter Results.

LAKEWOOD, Colo. -- Health Grades, Inc. (OTCBB:HGRD) today reported financial results for the second quarter ended June 30, 2004.

--Total revenues for the quarter increased 74% to $3.5 million from $2.0 million in the second quarter of 2003 as a result of strong growth across all of our product areas. Sales of HealthGrades' suite of marketing and quality assessment and improvement products to hospitals accounted for approximately $830,000 or 56% of the increase in revenue; and sales of our quality information to employers, benefits consulting firms, consumers and others accounted for approximately $661,000 or 44% of the increase. Revenues for the six months ended ...

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