SOURCE: Holzer Holzer & Fistel, LLC

July 16, 2008 15:06 ET

Holzer Holzer & Fistel, LLC Reminds Purchasers of Healthways, Inc. Common Stock That the Deadline to Petition the Court for Lead Plaintiff Appointment Is August 4, 2008

ATLANTA, GA--(Marketwire - July 16, 2008) - Holzer Holzer & Fistel, LLC has filed a class action lawsuit in the United States District Court for the Middle District of Tennessee on behalf of purchasers of Healthways, Inc. ("Healthways" or the "Company") (NASDAQ: HWAY) common stock during the period between October 17, 2007 and February 26, 2008, inclusive (the "Class Period"), and the deadline for investors to move the Court to be appointed lead plaintiff is August 4, 2008.

The complaint charges Healthways and certain of its officers and directors with violations of the Securities Exchange Act of 1934.

If you are a purchaser of Healthways common stock during the Class Period with significant losses and are interested in petitioning the Court to be appointed lead plaintiff, you are encouraged to contact Michael I. Fistel Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832. All purchasers of Healthways common stock during the Class Period have the legal right to petition the Court to be appointed a lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made on or before August 4, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.