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

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–(EMWNews – 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 [email protected], or

[email protected], 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.