SOURCE: Cardiac Network, Inc.

Cardiac Network, Inc.

June 22, 2009 09:59 ET

American Wholesale Health Agrees to Market Cardiac Network's Monitoring Services to Its Members

SAN FRANCISCO, CA--(Marketwire - June 22, 2009) - Cardiac Network, Inc. (PINKSHEETS: CNWI), a leader in advanced mobile medical monitoring, announced today that American Wholesale Health, or AWH, has agreed to market Cardiac Network's monitoring services to its members nationwide. AWH members will be given the opportunity to join Cardiac Network's revolutionary lifesaving HeartOne Club, that gives members their own compact ECG monitor, access to 24/7 cardiac monitoring and Personal Emergency Response Systems (PERS), which use GPS emergancy "Panic Button" and location technology.

"American Wholesale Health is a company that offers its members the best in pharmaceutical products and medical services utilizing cutting-edge technology," stated Michael Swartzburg, Cardiac Network's President and CEO. "We are proud to be able to offer AWH members our premium HeartOne Club services."

As part of the agreement, the HeartOne Club will either be bundled with other services offered as part of AWH memberships or offered seperately at a special discount to retail, with AWH receiving fees based on a pre-negotiated rate with the HeartOne Club. The HeartOne Club generates revenues through product sales and monthly billings to subscribers for its various montioring services.

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 and advanced mobile technology, which help individuals quickly determine if they are having a potential cardiac problem so that they can obtain immediately needed medical treatment. Learn more about Cardiac Network Inc. by visiting, www.cardiacnetwork.net and the HeartOne Club at www.heartoneclub.com.

About American Wholesale Health

American Wholesale Health, or AWH, is a membership-based company that offers a unique new way for consumers to purchase medications, supplies, and other health related products/services. AMH bypasses the traditional supply chain model and allow its members exclusive access to its Tier 1 wholesale suppliers. AWH's unique "membership driven" model gives access at the individual level, and uses its collective buying power to offer end-user pricing close to the manufacturer's cost, which is normally reserved for the largest retail pharmacy chains, Insurance carriers & Pharmacy Benefits Managers (PBMs). Learn more about Med Mobile by visiting www.americanwholesalehealth.com.

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 Information

  • Contact:
    Cardiac Network, Inc.
    Michael Swartzburg
    415-362-2020
    Email Contact