SAN DIEGO, March 23, 2007 (PRIME NEWSWIRE) (PRIMEZONE) -- Miracor Diagnostics, Inc. (OTCBB:MRDG) has undertaken an effort to restructure its equipment financing as the Company is over-leveraged and the amount of the equipment financing substantially exceeds the fair value of the underlying assets that secure such debts. Cash flow from operations does not support the cash flow required to service such equipment financing. In addition, the recent implementation of the Deficit Reduction Act which cuts certain Medicare payments has had an adverse affect on our industry’s revenue, including Miracor’s, although we cannot specifically quantify the impact.
