Article: Health Grades, Inc. Announces Fourth Quarter and Year-End Results.

LAKEWOOD, Colo. -- Annual Revenues Grow 65%; Conference Call Scheduled for Today at 11:00 a.m. ET

Health Grades, Inc. (the "Company") (OTCBB:HGRD), an independent provider of healthcare quality ratings, information, and advisory services, today announced financial results for the fourth quarter and year ended December 31, 2004. Revenue for the year ended December 31, 2004, increased 65%, while all operating expenses continued to decline as a percentage of revenue.

--Ratings and advisory revenues for the year ended December 31, 2004, increased 65% to $14,536,000 from $8,804,000 for the same period of 2003. HealthGrades' licensing fees and quality ...

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