Cardiac Network, Inc. Announces Expanded Exclusive Technology Development for Its Products and Services
December 17 2008 - 11:11AM
Marketwired
Cardiac Network, Inc. (PINKSHEETS: CNWI) announced today that it
has expanded its development initiatives for its products and
services to include new technologies such as wireless
communications and emergency "panic" alert features for its heart
monitors, including global positioning systems for locating
patients in need of medical help. Cardiac Network has a signed
letter of intent with a third-party technology company to develop
exclusive and proprietary cutting-edge technology for all of
Cardiac Network's products and services.
"We are working with our manufacturing partners and are
finalizing licensing agreements with technology companies to
partner with us on our next generation of patient-friendly heart
monitoring products," stated Michael Swartzburg, President and CEO.
"We recognize that in this current economic environment, it is our
commitment to innovative approaches to cardiac healthcare that will
position the company for long-term success with an aging population
of baby-boomers."
The new technology platform will allow patients experiencing
cardiac episodes to communicate at the touch of a button directly
with the Cardiac Network monitoring station, even if incapacitated.
In turn, Cardiac Network's medical technicians can communicate
directly with a patient's doctor or emergency response team.
Cardiac Network anticipates announcing further details of its
development programs and new products and services during the first
quarter of 2009, or as new material definitive agreements are
signed.
About Cardiac Network, Inc.
Cardiac Network, Inc. is a medical technology company providing
cardiac monitoring and diagnostic services to general practitioners
and specialist physicians, for the investigation of patients with
abnormal cardiac rhythm and function. The service uses unique
transtelephonic (by telephone) cardiac recorders that monitor and
provide diagnostic information to physicians and their patients.
Cardiac Network also offers its services to individuals which help
them quickly determine if they are having potential cardiac problem
so they can obtain immediately needed medical treatment. Learn more
about Cardiac Network, Inc. by visiting,
www.cardiacnetwork.net.
Forward-Looking Statements
Except for historical information contained herein, the
statements in this release are forward-looking and made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are inherently
unreliable and actual results may differ materially. Examples of
forward-looking statements in this news release include statements
regarding Cardiac Network's anticipated economically competitive
products and services. Factors which could cause actual results to
differ materially from these forward-looking statements include
such factors as fluctuations in demand for Cardiac Network's
products, Cardiac Network's ability to maintain strategic business
relationships, the impact of competitive products and pricing,
growth in targeted markets and the adequacy of Cardiac Network's
liquidity and financial strength to support its growth. Cardiac
Network undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact: Cardiac Network, Inc. Michael Swartzburg 415-362-2020
Email Contact
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