SOURCE: Cardiac Network Inc.

August 09, 2007 16:46 ET

Cardiac Network Inc. (OTC: CNWI.PK) Receives Medicare Approval to Bill for Its Cardiac Telemetry Services

SAN FRANCISCO, CA--(Marketwire - August 9, 2007) - Cardiac Network Inc. (PINKSHEETS: CNWI) announced today that it has been issued a CMS (Medicare) Provider number for its State of the Art, Patient Monitoring Center in San Francisco and has received approval to bill for its monitoring services.

This approval enables Cardiac Network's patients to be reimbursed by Medicare.

Cardiac Network Inc. offers a new service that makes it easy and convenient for patients to check their symptoms at their earliest cause for concern from anywhere, at any time from onset of symptoms to treatment. Cardiac Network patients are provided a small, easy to use, FDA-Approved handheld EKG device. These devices are capable of recording a 1, 2, 3, channel EKG. The results can reach the referring physician in a few minutes via e-mail, fax, or telephone. Patients have immediate, 24-hour access to the Cardiac Network Call Center, which is staffed with EKG state certified technicians, supervised by well-renowned, board-certified cardiologists.

Cardiovascular disease and coronary heart disease are widespread, afflicting over 70 million people. Heart attacks are the single biggest killer in the United States alone. Each year, about 1.1 million Americans suffer a heart attack. About 460,000 of those heart attacks are fatal. Those figures would change if those people got to a hospital as fast as possible when a heart attack happened.

"This is a tremendous milestone for Cardiac Network Inc., and will enable us to expand our Cardiac Telemetry services to the people who need it most, anywhere and anytime," stated Zev Helfer, President and CEO of Cardiac Network Inc.

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