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FOR
RELEASE DECEMBER 29, 2003
Contact:
Lawrence Pemble
Robert C. Goodwin, Jr.
Chindex International, Inc.
(301) 215-7777
CHINDEX
INTERNATIONAL, INC. ANNOUNCES TWO-FOR-ONE STOCK SPLIT
BETHESDA,
MD (December 29, 2003) - Chindex International, Inc. (NASDAQ:
CHDX - News) (the "Company") today announced that its Board
of Directors has unanimously approved a two-for-one split of the Company's
Common Stock, including its Class B Common Stock. Stockholders of
record as of the close of business on January 10, 2004 will receive
one additional share of Common Stock for each share owned on that
date in the form of a stock dividend. Certificates representing the
additional shares of Common Stock will be distributed on or about
January 26, 2004.
The
effect of the stock split will be to increase the number of outstanding
shares of the Common Stock, excluding the Class B Common Stock, from
approximately 1.5 million shares to approximately 3 million shares
and to increase the number of outstanding shares of the Class B Common
Stock from 387,500 shares to 775,000 shares.
Roberta
Lipson, Chairperson of the Board of Directors and Chief Executive
Officer, stated, "The opportunity to again improve the market
liquidity for our stockholders and promote broader ownership is a
welcome one. We have had exceptionally strong performance in our stock
over the past year and we have continuing confidence in the Company's
growth programs."
The
Company is a leading American company in healthcare in the Chinese
marketplace including Hong Kong. It provides representative and distribution
services to a number of major multinational companies including Siemens
AG (diagnostic color ultrasound scanners under the Acuson and Siemens
brand names), Becton-Dickinson (including vascular access, infusion
and critical care systems), Johnson & Johnson (clinical chemistry
analyzers), and Guidant (interventional cardiology products including
stents, balloon catheters, and guide wires). It also provides healthcare
services through the operations of its private hospital corporation
in China. With twenty years of experience, more than 600 employees,
and operations in the United States, China and Hong Kong, the Company's
strategy is to expand its cross-cultural reach by providing leading
edge healthcare technologies, quality products and services to China's
professional communities.
Further
company information may be found at the Company's websites, www.chindex.com
and www.unitedfamilyhospitals.com.
The
statements in this press release that relate to future plans, events
or performance are forward-looking statements that involve risks and
uncertainties. These statements are based on management's beliefs
and assumptions, and on information currently available to management.
These statements involve certain known and unknown risks, uncertainties
and other factors which may cause the Company's actual results, performance
or achievements to be materially different from any future results,
performance or achievements expressed or implied by these forward
looking statements.
These
factors include, among others, the Company's ability to effect the
stock split; changes in the market price of Common Stock and other
market conditions; requirements of Nasdaq; and any uncertainties relating
to business, economic and political conditions in market in which
the Company operates. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date
hereof. The Company undertakes no obligation to release publicly the
result of any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
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