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Cardiac Network Inc. (CNWI) Continues Expansion of Technology Development for Its Products and Services


9/11/2009 10:42:54 AM

SAN FRANCISCO, CA--(Marketwire - September 10, 2009) -

Cardiac Network, Inc. (PINKSHEETS: CNWI) reported today that it is continuing the expansion of its technology development initiatives for its products and services in anticipation of servicing its agreement with American Wholesale Health, or AWH, that was announced on June 22, 2009. The expanded platform will allow AWH to market Cardiac Network's monitoring services to its members nationwide under its umbrella of medical services. AWH members will be given the opportunity to receive Cardiac Network's monitoring program, that gives members their own compact ECG monitor and access to 24/7 cardiac monitoring services.

Under the terms of the agreement, AWH will bundle Cardiac Network's heart monitoring services with other services offered as part of AWH memberships. The monitoring program will generate revenues through product sales and monthly billings to subscribers for its various monitoring services.

The expanded technology platform will simplify the management of customer accounts. System upgrades will ensure that patients experiencing cardiac episodes will be able to communicate directly and effectively 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 continue to announce updates to its development programs and new products and services through out the remainder of fiscal 2009, or as new material definitive agreements are signed.

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.


Contact:
Cardiac Network, Inc.
Michael Swartzburg
Email Contact
415-362-2020
www.cardiacnetwork.net


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