SOURCE: Cardiac Network Inc.

August 21, 2007 09:00 ET

Cardiac Network Inc. Updates Medicare Significance; Billing Could Start Within the Next 30 Days

SAN FRANCISCO, CA--(Marketwire - August 21, 2007) - Cardiac Network Inc. (PINKSHEETS: CNWI) would like to update the investment community on the significance of its August 9, 2007, press release announcing that Cardiac Network Inc. has been issued a CMS (Medicare) Provider number for its state-of-the-art, Patient Monitoring Center in San Francisco and its HeartLine Monitoring Service.

Medicare Billing Could Start Within the Next 30 Days

The Medicare program provides funds to companies such as Cardiac Network to provide health benefits to Americans. Cardiac Network provides an approved medical service and in turn bills Medicare for that service.

The Medicare program provides healthcare coverage for seniors over the age of 65 and many disabled individuals. Since the program was implemented in 1966, the number of Medicare beneficiaries has increased from 19 million to 40 million. By 2030, Medicare is projected to cover more than 77 million people.

"We cannot stress enough the importance of receiving Medicare approval. This is confirmation that our services and our service network works," stated Zev Helfer, President and CEO of Cardiac Networks Inc.

"By being an approved Medicare provider, doctors across the nation can have the assurance that their patients will get the proper care that they deserve. Each year, 1.1 million Americans suffer a heart attack. We at Cardiac Network are doing our best to help lower that number by offering a service that is simple and worry-free to the patient," continued Mr. Helfer.

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 could change dramatically if those people got to a hospital as fast as possible when a heart attack first happened.

For all Cardiac Network investor relations needs, investors are asked to visit the Cardiac Network IR Hub at where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Learn more about Cardiac Network Inc. by visiting,


This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.

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