Heart Health, Inc.
PINK SHEETS : HHEL

Heart Health, Inc.

November 12, 2008 08:30 ET

Heart Health Inc. Board of Directors Authorizes Stock Buyback

MONTREAL, QUEBEC--(Marketwire - Nov. 12, 2008) - Heart Health Inc. (OTCPK:HHEL) is pleased to announce that the Company's Board of Directors has authorized its officers and directors to buy back up to 500,000 shares of common stock. The buyback would occur through open market purchases as permitted by securities laws and other legal requirements.

The Company decided to authorize the buyback as it begins the process of obtaining FDA approval for its Heart Health Monitor. The Company anticipates introducing the Heart Health Monitor into the marketplace by the spring of 2009. Heart Health Inc. is determined to increase shareholder value, maintain a strong balance sheet and improve returns. The buyback option will be available to all Heart Health Inc. officers and directors.

"The Board of Directors has agreed that our shares are undervalued and should be trading at higher levels. Heart Health is well positioned for continued growth as we continue to work toward our goal of putting the Heart Health Monitor into the market early next year. Cardiovascular products earn approximately $29.4 billion in annual sales and we believe our Heart Health Monitor will be an enormous benefit to the medical community. This buyback program will decrease the Company's float and should increase shareholder value," stated Michael Kron, Chairman and CEO of Heart Health, Inc.

Mr. Kron recently discussed, in a radio interview on CEO Corner, how cardiovascular disease affects 80 million people in the United States every year. He also describes the way in which the Heart Health Monitor can assist physicians in diagnosing heart disease early in order to establish any necessary course of treatment.

Please visit the following link to listen to the interview in its entirety: http://investsourceinc.com/company/Heart-Health-Inc/audio-report.

About Heart Health, Inc.:

Heart Health, Inc. is a holding company focused on the development and marketing of innovative, cardiovascular medical device products. The Company intends to revolutionize the way in which people monitor the health of their hearts using newly acquired products such as the Heart Health Monitor.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Heart Health Inc.
    Investor Relations
    1-866-THE-APPL(E)