SOURCE: Cardio Infrared Technologies, Inc.

July 27, 2011 16:48 ET

Cardio Infrared Secures Funding for US Manufacturing Launch

LAS VEGAS, NV--(Marketwire - Jul 27, 2011) - Cardio Infrared Technologies, Inc. (PINKSHEETS: CDOI),, a leading Health and Wellness technology and marketing company, announced today that Cardio Infrared Technologies, Inc. manufacturing has committed to an October launch of its new United States manufacturing facility after securing funding for the expansion.

Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, "The funding that was secured by the Company now makes it possible to relocate all manufacturing of all Company products to the United States. From the inception of Cardio Infrared Technologies, Inc. all manufacturing has been in Italy and or China. The fall of 2011 will see all of the manufacturing for Company products moved to the United States. The manufacturing expansion to the United States will not only increase the quality of the products but will immediately result in a windfall of profitability for the Company, as well and an anticipated increase in quality and efficiency. The cost of the units will drop dramatically by up to 73% over existing current expenses of manufacturing, shipping and international currency exchange rates resulting in additional profits for next year estimated to exceed $2,000,000."

About Cardio Infrared Technologies, Inc.
Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market into every country around the world. The technology has been featured on Good Morning America and The View. Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes mergers and acquisitions and the development of innovative new equipment and programs within the exercise and medical industries.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the Company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the Company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

Contact Information