Zynex Appoints Vice President Of Sales For NeuroDiagnostics Division

LONE TREE, CO--(Marketwired - January 07, 2014) -

Zynex, Inc. (OTCQB: ZYXI), a provider and developer of non-invasive medical devices for electrotherapy, stroke rehabilitation, and neurological diagnosis, announced today that it has appointed James Carter as Vice President of Sales for its NeuroDiagnostics division.

Mr. Carter will be responsible for all aspects of sales within the Zynex NeuroDiagnostics subsidiary.

Thomas Sandgaard, CEO of Zynex, stated: “I am excited to announce the appointment of James Carter as VP of Sales for Zynex NeuroDiagnostics. Jim’s extensive medical sales background will allow us to more rapidly capitalize on the high growth market opportunity that exists in the neurodiagnostics and sleep market space. We believe Jim has the right experience to lead our sales team and establish Zynex as a premier provider of neurological diagnosis products.”

James Carter has over 25 years of sales experience in capital goods and medical devices and has held positions with such companies as; Natus Medical, Cardinal Health, Neurometrix, and Johnson & Johnson Orthopedics. Mr. Carter holds a BSBA in Marketing from Robert Morris College.

Zynex

Zynex (founded in 1996), operates under five primary business segments; Zynex Medical, Zynex NeuroDiagnostics, Zynex Monitoring Solutions, Zynex International and Zynex Billing and Consulting. Zynex Medical engineers, manufactures, markets and sells its own design of electrotherapy medical devices for electrotherapy, used for pain management and rehabilitation. Zynex Medical’s product lines are fully developed, FDA-cleared and commercially sold world-wide. Zynex NeuroDiagnostics, sells the company’s proprietary NeuroMove device designed to help stroke and spinal cord injury patients and is currently expanding into markets for EMG, EEG, sleep pattern, auditory and nerve conductivity neurological diagnosis devices through product development and acquisitions. Zynex Monitoring Solutions, currently in the development stage, was established to develop and market medical devices for non-invasive cardiac monitoring. Zynex International is dedicated to supporting sales and marketing of Zynex products worldwide through a network of medical distributors. Zynex Billing and Consulting division provides medical billing and consulting service for offices and hospitals.

For additional information, please visit: www.ir-site.com/zynex.

Safe Harbor Statement

Certain statements in this release are “forward-looking” and as such are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the need to obtain additional capital in order to grow our business, our ability to engage additional sales representatives, the success of such additional sales representatives, the need to obtain FDA clearance and CE marking of new products, the acceptance of new products as well as existing products by doctors and hospitals, larger competitors with greater financial resources, the need to keep pace with technological changes, our dependence on the reimbursement from insurance companies for products sold or rented to our customers, acceptance of our products by health insurance providers, our dependence on third party manufacturers to produce our goods on time and to our specifications, implementation of our sales strategy including a strong direct sales force, the uncertain outcome of pending material litigation and other risks described in our filings with the Securities and Exchange Commission including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2012.

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