Global Private Funding to Incubate Cardiac Network Inc.
23 Outubro 2009 - 3:53PM
Marketwired
Cardiac Network, Inc. (PINKSHEETS: CNWI), a leader in advanced
mobile medical monitoring, announced today that it has entered into
a Business Incubation Services agreement with Global Private
Funding, Inc. (Global), a private equity-based lender. Cardiac
Network, following an exhaustive evaluation, has selected Global
and its proven incubation program as the methodology and management
oversight to support the expected growth of the company as well as
the product-line.
As part of the agreement, Global will re-structure the
operations, the management and the to-market strategies to
aggressively address the needs of the marketplace and move Cardiac
Network forward to exceed its goals in sales, product-line
technology, return-on-investment (ROI) and profitability. To
support these goals, Global will deliver an exceptional Management
team, covering all aspects of Cardiac business development.
"Cardiac Network is well positioned to become a leader in
tele-medicine," said Michael Swartzburg, President and CEO. "With
the help of Global Private Funding, we can achieve faster time to
market for new products and services and support our national
growth initiatives."
The terms of the agreement engage Global to provide management
oversight, investments, product development, as well as other
strategic transactions Cardiac may consider in the future. Ash
Varma, Managing Director, Venture Management said, "We at Global
view this as an exciting opportunity to participate in and bring a
much needed awareness to one of the fastest growing and most
important sectors in the healthcare industry today -- the
monitoring of Cardiovascular Disease."
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 unique
transtelephonic (by telephone) cardiac recorders that monitor and
provide diagnostic information to physicians and their patients.
Cardiac Network also offers its services and advanced mobile
technology to individuals which help them quickly determine if they
are having a potential cardiac problem so that they can obtain
immediately needed medical treatment. Learn more about Cardiac
Network Inc. by visiting, www.cardiacnetwork.net and the HeartOne
Club at www.heartoneclub.com.
About Global Private Funding, Inc.
Global Private Funding, Inc. is a private, equity-based lender
that offers a full range of business services. Traditionally,
Global has served as a back-office support mechanism from start-ups
through mergers and acquisitions. With an additional emphasis on
business incubation, Global not only funds a wide variety of
projects, but also provides guidance and delivers results through
every step of the project lifecycle -- from design and strategic
planning, right through to implementation -- and even provides
follow-up support. Global promises high-quality results through
best practices in project management, using ManageRight(TM), which
is Global's set of processes for developing successful solutions
that include the client in project decisions throughout every stage
of the development lifecycle. Learn more about Global Private
Funding, Inc by visiting www.globalprivatefunding.com.
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: Judy Crowhurst Director Investor Relations Global
Private Funding, Inc. 310-288-3529 ext 709
Cardiac Network (CE) (USOTC:CNWI)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Cardiac Network (CE) (USOTC:CNWI)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024