Cardiac Network, Inc. Continues Expansion of Technology Development for Its Products and Services
September 10 2009 - 4:36PM
Marketwired
Cardiac Network, Inc. (PINKSHEETS: CNWI) reported today that it is
continuing the expansion of its technology development initiatives
for its products and services in anticipation of servicing its
agreement with American Wholesale Health, or AWH, that was
announced on June 22, 2009. The expanded platform will allow AWH to
market Cardiac Network's monitoring services to its members
nationwide under its umbrella of medical services. AWH members will
be given the opportunity to receive Cardiac Network's monitoring
program, that gives members their own compact ECG monitor and
access to 24/7 cardiac monitoring services.
Under the terms of the agreement, AWH will bundle Cardiac
Network's heart monitoring services with other services offered as
part of AWH memberships. The monitoring program will generate
revenues through product sales and monthly billings to subscribers
for its various monitoring services.
The expanded technology platform will simplify the management of
customer accounts. System upgrades will ensure that patients
experiencing cardiac episodes will be able to communicate directly
and effectively with the Cardiac Network monitoring station. In
turn, Cardiac Network's medical technicians can communicate
directly with a patient's doctor or emergency response team.
Cardiac Network will continue to announce updates to its
development programs and new products and services through out the
remainder of fiscal 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 a variety of
monitors, including unique transtelephonic (by telephone) cardiac
recorders that monitor and provide diagnostic information to
physicians and their patients.
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 Email Contact
415-362-2020 www.cardiacnetwork.net
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