BRANFORD, Conn., May 12, 2008 (PRIME NEWSWIRE) -- CAS Medical Systems, Inc. (Nasdaq:CASM), a medical device company focused on innovative, non-invasive monitoring that is vital to patient care, today announced that the Company has consummated a private placement of its common stock with jVEN Capital, LLC, private investment company. The placement, for an aggregate consideration of $1.0 million, consists of 333,333 shares of common stock at a price of $3.00 per share. Immediately following the closing, CASMED announced the appointment of Evan Jones, the managing member of jVEN Capital, LLC, to the Board of Directors.
