eHealth, Inc. Announces Share Repurchase Program
MOUNTAIN VIEW, CA -- (Marketwire) -- 11/12/08 -- eHealth, Inc. (NASDAQ: EHTH), the leadingonline source of health insurance for individuals, families and smallbusinesses, today announced that its Board of Directors has approved astock repurchase program authorizing the Company to purchase up to tenpercent of its currently outstanding shares of common stock or $30 millionin total repurchases, whichever is less.
Purchases under the repurchase program may be made in open market orunsolicited negotiated transactions and are expected to comply with Rule10b-18 under the Securities Exchange Act of 1934, as amended. The timing ofpurchases and the exact number of shares to be purchased will depend uponmarket conditions. The repurchase program does not require the Company toacquire a specific number of shares, and the repurchase program may besuspended from time to time or discontinued at any time. The cost of theshares that are repurchased will be funded from available working capital.Any shares repurchased under the program will be returned to the status ofauthorized but unissued shares of common stock.
About eHealth, Inc.
eHealth, Inc. (NASDAQ: EHTH) is the parent company of eHealthInsurance, thenation's leading online source of health insurance for individuals,families and small businesses. Through the company's website,www.ehealthinsurance.com, consumers can get quotes from leading healthinsurance carriers, compare plans side-by-side, and apply for and purchasehealth insurance. eHealthInsurance offers thousands of health plansunderwritten by more than 180 of the nation's leading health insurancecompanies. eHealthInsurance is licensed to sell health insurance in all 50states and the District of Columbia. eHealthInsurance and eHealth areregistered trademarks of eHealthInsurance Services, Inc.
This press release contains statements that are forward-looking statementsas defined within the Private Securities Litigation Reform Act of 1995.These include statements regarding the Company's intention to repurchaseits shares in the future. These forward-looking statements speak only as ofthe date hereof and are based on information available to us at this time.Such information is subject to change, and we will not necessarily informyou of such changes. These statements are not guarantees of future resultsand are inherently subject to various risks, uncertainties, and assumptionsthat are difficult to predict as stock market conditions change and eHealthmay determine that its cash is better used for other alternatives. Otherrisks are described in eHealth's most recent Quarterly Report on Form 10-Qor Annual Report on Form 10-K filed with the Securities and ExchangeCommission and available on the investor relations page of eHealth'swebsite at www.ehealthinsurance.com and on the Securities and ExchangeCommission's website at www.sec.gov. eHealth does not undertake anyobligation to update any forward-looking statement to conform the statementto actual results or changes in expectations.