Article: Health Grades, Inc. Announces Third Quarter Results; Third Consecutive Quarter of Net Income.

LAKEWOOD, Colo. -- Year-to-Date Revenues Grow 72%

Health Grades, Inc. (OTCBB:HGRD), an independent healthcare quality ratings, information and advisory services company, today reported financial results for the third quarter ended September 30, 2004.

--Total revenues for the quarter increased 60% to $3.7 million from $2.3 million in the third quarter of 2003 as a result of strong growth across all product areas. Sales of HealthGrades' suite of marketing and quality assessment and improvement products to hospitals accounted for approximately $0.80 million or 59% of the increase in revenue; and sales of its quality information to employers, benefits ...

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