SAN FRANCISCO, CA--(Marketwire - May 07, 2010) -
Cardiac Network, Inc. (PINKSHEETS: CNWI
), a developer of advanced mobile medical monitoring systems, announced today that it has signed a new lease agreement for its San Francisco headquarters to move to a larger floor in the same building it currently occupies.
The business address will be 833 Market Street, 6th Floor, San Francisco CA 94103. The new office space will allow Cardiac Network to build out new upgrades to its Information Technology infrastructure, and includes an option for space to triple the capacity and size of its medical technician call center. The office location has direct access to a freight elevator inside the building for more convenient shipping and receiving of inventory.
Cardiac Network will continue to manage its infrastructure to meet its current operating requirements and enhance its long-term efficiencies related to the development initiatives for its new cardiac monitoring devices.
The move will be completed during the month of May 2010, and is expected to cause only minimal impact on operations.
About Cardiac Network:
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 current 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 to individuals which help them quickly determine if they are having potential cardiac problems so they can obtain immediately needed medical treatment. Learn more about Cardiac Network, Inc. by visiting http://www.cardiacnetwork.net.
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.