BERKELEY HEIGHTS, N.J., Aug. 23, 2013 (GLOBE NEWSWIRE) -- Authentidate Holding Corp. (Nasdaq:ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, announced today that it has retained Hayden IR as its investor relations firm to communicate the company's strategic goals and business developments, in an effort to enhance shareholder value.

Ben Benjamin, Chief Executive Officer of Authentidate, stated, "Authentidate has retained Hayden IR as our investor relations firm because we believe they have significant experience supporting the investor relations needs of companies like ours. We believe that Hayden IR can help Authentidate reach the marketplace with a clear and consistent value proposition for investors and business prospects alike. We are continuing to make solid progress with our business and remain focused on providing products and services that are designed to help healthcare organizations reduce costs and improve patient care. We believe that Hayden IR will help us realize greater overall value for our shareholders."

Brett Maas, Managing Partner of Hayden IR, added, "We believe Authentidate represents a compelling opportunity as it addresses a multi-billion dollar annual market that is growing as healthcare costs continue to increase each year. Their business model is characterized by recurring revenues with software company margin targets. The company offers innovative products and services, including its telehealth, hospital discharge and referral management solutions, that position the company for growth from each of these product lines as regulatory reforms and healthcare industry trends take hold. Authentidate is also one of the Department of Veterans Affairs contracted vendors for the VA's home telehealth program. We believe revenues from that contract have the potential to grow significantly while the commercial market continues to adopt telehealth as a cost-effective approach to manage patient care. All of us at Hayden IR look forward to working with Authentidate and getting its message out to the professional investment community."

About Hayden IR

With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.

For more information, call Brett Maas (646) 536-7331 or Peter Seltzberg (646) 415-8972

About Authentidate Holding Corp.

Authentidate Holding Corp. is a provider of secure web-based software applications and telehealth products and services that enable healthcare organizations to coordinate care for patients and enhance related administrative and clinical workflows. Authentidate's products and services enable healthcare organizations to increase revenues, reduce costs and enhance patient care by eliminating paper and manual work steps from clinical and administrative processes. Authentidate's telehealth solutions combine patient vital signs monitoring with a web application that streamlines patient care management. Delivered as Software as a Service (SaaS), customers only require an Internet connection and web browser to access our web-based applications thereby utilizing previous investments in systems and technology. The company's healthcare customers and users include leading homecare companies, health systems, physician groups and governmental entities. These organizations utilize the company's products and services to coordinate care for patients outside of acute-care.

For more information, visit the company website www.authentidate.com

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of the company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the company or any other person that the objectives and plans of the company will be achieved.

Authentidate and Inscrybe are registered trademarks of Authentidate Holding Corp. All other trade names are the property of their respective owners.