SAN FRANCISCO, CA--(Marketwire - June 18, 2009) -
Cardiac Network, Inc. (PINKSHEETS: CNWI
a leader in advanced mobile
, announced today that it has formed a joint venture
with Med Mobile, which will allow Cardiac to begin offering Personal
Emergency Response Systems (PERS) to its patients and HeartOne Club members
. PERS devices contain a distress button and
integrated active GPS system that can activate a "panic" alert to Cardiac's
24/7 monitoring station, provide accurate location tracking and get
immediate live assistance when and where it is needed. At the touch of a
button, patients can talk directly with the Cardiac Network monitoring
station. In turn, Cardiac Network's medical technicians can communicate
directly with a patient's doctor or emergency response team.
Features of its new devices include:
-- Built in Cellular Speakerphone. PERS devices enable voice calls to be
made to numbers stored in speed dialing buttons (e.g. a relative or a
doctor) or to be received from any caller or from the remote monitoring
-- GPS Location and Tracking. The PERS monitor enables accurate location
of users in need. If the geofencing feature is used, in the event that the
person wearing the device wanders outside a specified zone (e.g.
neighborhood or school area), the system can alert the monitoring center
and/or a relative or caregiver.
"Our patients want to take control of their health and well being," stated
Michael Swartzburg, Cardiac Network's President and CEO. "With Med Mobile,
we can use advanced wireless technologies to bring peace of mind and
deliver real-time medical monitoring, communication and response in the
event of an emergency, virtually anywhere, anytime."
Med Mobile is a virtual network operator with world wide network roaming
agreements. Cardiac and Med Mobile joint venture will use its wireless
network to offer innovative wireless monitoring solutions for improving
people's health, safety and quality of life. PERS devices are especially
useful for elderly, chronically ill, children (including autistic and
developmentally disabled) or lone workers, as well as their relatives and
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 and advanced mobile technology to
individuals which help them quickly determine if they are having potential
cardiac problems so that they can obtain immediately needed medical
treatment. Learn more about Cardiac Network Inc. by visiting,
www.cardiacnetwork.net and the HeartOne Club at www.heartoneclub.com.
About Med Mobile
Med Mobile is a mobile virtual network operator serving the medical
industry and a subsidiary of Capital Marketing Group, which also owns a
company that provides network services to the diabetic industry for the
"Gluco Phone." Learn more about Med Mobile by visiting www.medmobile.com.
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.