SAN FRANCISCO, CA--(Marketwire - September 14, 2009) -
Cardiac Network, Inc. (PINKSHEETS:
CNWI)
reported today that it will be offering its current inventory of monitors
at or below cost to patients through its retail networks as it makes
preparations for its next generation of cardiac monitors.
The terms of the promotional program will vary based on whether the
monitors are distributed through its web-based retail channel or private
label service, but will begin in the fourth quarter 2009 and run for a
30-day period or while its current supplies of cardiac monitors last. The
promotion will give subscribers an opportunity to experience the peace of
mind knowing that should they experience a cardiac episode, they will be
able to communicate 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.
Cardiac Network will make further announcements regarding its next
generation of cardiac monitors throughout the remainder of fiscal 2009, or
as new products are made available through its clinical and sales channels.
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 a variety of monitors, including unique
transtelephonic (by telephone) cardiac recorders that monitor and provide
diagnostic information to physicians and their patients.
Forward-Looking Statements
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.
