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Cardiac Network Signs New Lease Agreement for Corporate Headquarters
SAN FRANCISCO, CA, May 07, 2010 (MARKETWIRE via COMTEX) --
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.
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:
Cardiac Network, Inc.
Michael Swartzburg
415-362-2020
Email Contact
SOURCE: Cardiac Network, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=68AC8B919CEB5950
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