SOURCE: Cardiac Network, Inc.

December 17, 2008 12:12 ET

Cardiac Network, Inc. Announces Expanded Exclusive Technology Development for Its Products and Services

SAN FRANCISCO, CA--(Marketwire - December 17, 2008) - 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 Information

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