IRVINE, Calif., Aug. 22, 2011 /PRNewswire/ -- CorVel Corporation (NASDAQ: CRVL), a national provider of industry-leading workers' compensation solutions, announced today that the Company will ring The NASDAQ Stock Market Opening Bell in New York City on Tuesday, August 23, 2011.
The Company will be commemorating its 20th anniversary as a public company being listed on the stock exchange. In attendance will be Chairman, V. Gordon Clemons and, President and Chief Executive Officer, Daniel J. Starck, who will preside over the Opening Bell Ceremony and will be joined by other Company executives.
"We recently announced record revenue in all four quarters of the fiscal year 2011, our 20th anniversary," said Mr. Starck, President and Chief Executive Officer of CorVel Corporation. "I would like to thank our customers, our associates and all of our stakeholders who have made our success possible during the last 20 years. We can't think of a better place to demonstrate our excitement for our future than by participating in the NASDAQ Opening Bell ceremony."
During the past 20 years the Company has grown revenues at a compounded growth rate of 13% a year, earnings per share at a compounded growth rate of 17%, and the stock price has appreciated at a rate of 15% per year.
NASDAQ Event Details
Where: NASDAQ Market Site - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Tuesday, August 23, 2011 at 9:15 a.m. - 9:30 a.m. ET Webcast: A live webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx.
CorVel Corporation is a national provider of industry-leading workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch to the problem of disability management so our clients can intervene early and often and are connected to the critical intelligence they need to proactively manage risk. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization's performance goals.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company's current expectations, estimates and projections about the Company, management's beliefs, and certain assumptions made by the Company, and events beyond the Company's control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company's results of operations, product investment strategies and expansion of pharmacy solutions and directed care product lines. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company's actual results to differ materially and adversely from those expressed in any forward-looking statement.
The risks and uncertainties referred to above include, but are not limited to, factors described in this press release and the Company's filings with the Securities and Exchange Commission, including but not limited to "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended March 31, 2011 and the Company's Quarterly Report on Form 10Q for the quarters ended June 30, 2011, September 30, 2010 and December 31, 2010. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
SOURCE CorVel Corporation