Orthodontic Centers of America, Inc. Files Form 10-K and Announces Year-End 2000 Financial Results Conference Call

Apr 17, 2001, 01:00 ET from Orthodontic Centers of America, Inc.

    METAIRIE, La., April 17 /PRNewswire/ -- Orthodontic Centers of America,
 Inc. (NYSE:   OCA) today announced that it has filed its Annual Report on Form
 10-K for the year ended December 31, 2000, with the Securities and Exchange
 Commission.  The Company also announced that it will hold a conference call
 tomorrow afternoon, Wednesday, April 18, 2001, at 2:00 p.m. EDT to discuss
 2000 financial results.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20000803/ORTHOLOGO )
     On March 16, 2001, the Company announced a change to its revenue
 recognition policy in response to Securities and Exchange Commission (SEC)
 Staff Accounting Bulletin No. 101, "Revenue Recognition in Financial
 Statements" (SAB 101).  On April 2, 2001, the Company filed with the SEC a
 Notification of Late Filing on Form 12b-25, which provided for a 15-day
 extension for filing the Form 10-K.
     Bart F. Palmisano, Sr., Chief Executive Officer, remarked, "We are pleased
 to bring our normal annual audit to a proper close, given the recent changes
 we've made to our revenue recognition policy.  We are especially pleased to
 share with our shareholders a powerful story of continued execution and
 growth."
     The Company has scheduled a conference call for tomorrow, Wednesday, April
 18, 2001, at 2:00 p.m. EDT to discuss the effects of the Company's adoption of
 SAB 101 and financial results for the year ended December 31, 2000.  The dial-
 in telephone number for this conference call is 212-896-6012.  A recorded
 archive of this call may be accessed telephonically through May 2, 2001, by
 dialing 800-633-8284 and entering reservation number 18643164.
     You may also listen to the call through the Internet by logging on to the
 Vcall (www.vcall.com) or StreetEvents (www.streetevents.com) websites.  An
 archived recording of the conference call will be available beginning
 approximately one hour after the event through the StreetEvents and Vcall
 websites, as well as the On24 Business Network website (www.on24.com) and the
 Company's website (www.4braces.com).
     Orthodontic Centers of America, Inc., founded in 1985, is the leading
 provider of integrated business services to orthodontists.  For additional
 information on Orthodontic Centers of America, Inc., visit the Company's web
 site: http://www.4braces.com.
 
     The forward-looking statements in this release, including statements
 regarding revenue recognition, execution and growth are made pursuant to the
 safe harbor provisions of the Private Securities Litigation Reform Act of
 1995.  As such, they involve risks and uncertainties, including failure of in
 the Company's operating and expansion strategy, failure to achieve anticipated
 operating results or consummate proposed developments and acquisitions,
 regulatory constraints, competition and unexpected impact of changes in
 accounting policies, that could cause actual results to differ materially from
 those projected in these forward-looking statements.  A discussion of
 important factors and assumptions regarding these statements and risks
 involved is contained in the Company's recent filings with the Securities and
 Exchange Commission.
 
 

SOURCE Orthodontic Centers of America, Inc.
    METAIRIE, La., April 17 /PRNewswire/ -- Orthodontic Centers of America,
 Inc. (NYSE:   OCA) today announced that it has filed its Annual Report on Form
 10-K for the year ended December 31, 2000, with the Securities and Exchange
 Commission.  The Company also announced that it will hold a conference call
 tomorrow afternoon, Wednesday, April 18, 2001, at 2:00 p.m. EDT to discuss
 2000 financial results.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20000803/ORTHOLOGO )
     On March 16, 2001, the Company announced a change to its revenue
 recognition policy in response to Securities and Exchange Commission (SEC)
 Staff Accounting Bulletin No. 101, "Revenue Recognition in Financial
 Statements" (SAB 101).  On April 2, 2001, the Company filed with the SEC a
 Notification of Late Filing on Form 12b-25, which provided for a 15-day
 extension for filing the Form 10-K.
     Bart F. Palmisano, Sr., Chief Executive Officer, remarked, "We are pleased
 to bring our normal annual audit to a proper close, given the recent changes
 we've made to our revenue recognition policy.  We are especially pleased to
 share with our shareholders a powerful story of continued execution and
 growth."
     The Company has scheduled a conference call for tomorrow, Wednesday, April
 18, 2001, at 2:00 p.m. EDT to discuss the effects of the Company's adoption of
 SAB 101 and financial results for the year ended December 31, 2000.  The dial-
 in telephone number for this conference call is 212-896-6012.  A recorded
 archive of this call may be accessed telephonically through May 2, 2001, by
 dialing 800-633-8284 and entering reservation number 18643164.
     You may also listen to the call through the Internet by logging on to the
 Vcall (www.vcall.com) or StreetEvents (www.streetevents.com) websites.  An
 archived recording of the conference call will be available beginning
 approximately one hour after the event through the StreetEvents and Vcall
 websites, as well as the On24 Business Network website (www.on24.com) and the
 Company's website (www.4braces.com).
     Orthodontic Centers of America, Inc., founded in 1985, is the leading
 provider of integrated business services to orthodontists.  For additional
 information on Orthodontic Centers of America, Inc., visit the Company's web
 site: http://www.4braces.com.
 
     The forward-looking statements in this release, including statements
 regarding revenue recognition, execution and growth are made pursuant to the
 safe harbor provisions of the Private Securities Litigation Reform Act of
 1995.  As such, they involve risks and uncertainties, including failure of in
 the Company's operating and expansion strategy, failure to achieve anticipated
 operating results or consummate proposed developments and acquisitions,
 regulatory constraints, competition and unexpected impact of changes in
 accounting policies, that could cause actual results to differ materially from
 those projected in these forward-looking statements.  A discussion of
 important factors and assumptions regarding these statements and risks
 involved is contained in the Company's recent filings with the Securities and
 Exchange Commission.
 
 SOURCE  Orthodontic Centers of America, Inc.