CardioDynamics Announces Initial Commercial Sales Of The BioZ System.SAN DIEGO--(BW HealthWire)--May 27, 1997--CardioDynamics International Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CRDY) today announced initial commercial sales of its BioZ (TM) System to the Bothwell Regional Medical Center of Sedalia, Missouri. Bothwell, recognized as a leader in medical care for the region, is one of the first medical centers to offer the BioZ, a noninvasive cardiac monitoring system, for its critical care patients. The company also announced an additional sale to South Georgia Medical Center, a leading regional hospital located in Valdosta, Georgia with over 250 beds. Since the introduction of the BioZ System in the first quarter of fiscal 1997, the company has received orders for over 100 units, in excess of $1.3 million, from regional specialty distributors. To date, the company has signed agreements with 15 specialty distributors for U.S. coverage to support the launch of the BioZ System. Richard J. Nijem, M.D., Cardiologist, South Georgia Medical Center, stated, "CardioDynamics' BioZ System offers a noninvasive method for measurement of heart function without the associated risk of invasive techniques. The BioZ System provides continuous measurement of hemodynamic he·mo·dy·nam·ics n. (used with a sing. verb) The study of the forces involved in the circulation of blood. he data to assess the progress of patients in the emergency room, operating arena and critical care units. The device should improve the medical management of critically ill patients in a cost-efficient manner while reducing the potential for morbidity and mortality Morbidity and Mortality can refer to:
RHC Radio Habana Cuba RHC Rio Hondo College RHC Rural Health Centers RHC Residence Hall Council RHC Receding Horizon Control RHC Right-Hand Circular RHC Regional Holding Company RHC Robinson Helicopter Company ), such as those receiving blood clot dissolving or blood thinning medications. We believe the BioZ System will allow our staff to increase the quality of care in our community hospital while eliminating the risk associate with invasive procedures." Commenting on the news, Richard Otto, President and Chief Executive Officer of CardioDynamics International Corporation, stated, "We are extremely pleased with the initial sales of the BioZ System. We recently demonstrated the benefits of our BioZ System at the North American Society of Pacing and Electrophysiology Conference in New Orleans and at the 46th Annual Scientific Session of the American College of Cardiology The American College of Cardiology (ACC) is a nonprofit medical association established in 1949 to educate, research and influence health care public policy. The president for the 2006–2007 year is Steven E. Nissen. [1] The organization has 39 chapters in the U.S. (ACC See adaptive cruise control. ) Conference in Anaheim, California. Additionally, Dr. Scott Sageman of the Naval Medical Center in San Diego presented a paper last week to the American Thoracic Society American Thoracic Society (ATS ), established in 1905, is an independently incorporated, international, educational and scientific society, serving its 18,000 members world-wide who are dedicated in respiratory and critical care medicine. , indicating the reliability of the BioZ System in achieving results consistent with more invasive and labor intensive technologies. Strong interest and support from the medical community continues to validate our technology and support our marketing strategy." CardioDynamics International Corporation develops, manufactures and markets noninvasive digital heart monitoring devices which provide continuous data on a wide range of hemodynamic parameters (measurements of the heart's ability to deliver oxygen-rich blood throughout the body). The company's primary product, the BioZ (TM) System, uses Thoracic Electrical Bioimpedance (TEB TEB Test & Evaluation Board TEB Third Eye Blind (band name) TEB Thread Environment Block TEB Turkiye Ekonomi Bankasi TEB Triethylborane TEB Technical Evaluation Board TEB Traffic Engineering Bureau (Pakistan) ) technology to obtain data which is typically available only through a time consuming, costly, potentially dangerous invasive procedure called RHC. Since TEB monitoring is noninvasive, it eliminates patient risk and potentially decreases the length of a hospital stay, thereby reducing patient cost. Note: Except for the historical information contained herein, this press release contains forward-looking statements, the accuracy of which are necessarily subject to risks and uncertainties. Actual events or results may differ materially due to factors set forth from time to time in CardioDynamics' filings with the Securities and Exchange Commission, including its 1996 Annual Report on Form 10-KSB. CONTACT: Steve Loomis Chief Financial Officer Rhonda Pederson Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. 800/778-4825 or INVESTOR RELATIONS CONTACT: Evan D. Smith, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. evan@lhai.com Keith Lippert keith@lhai.com Lippert/Heilshorn & Associates, Inc. 212/838-3777 |
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