American Wholesale Health Agrees to Market Cardiac Network's Monitoring Services to Its Members
June 22 2009 - 9:58AM
Marketwired
Cardiac Network, Inc. (PINKSHEETS: CNWI), a leader in advanced
mobile medical monitoring, announced today that American Wholesale
Health, or AWH, has agreed to market Cardiac Network's monitoring
services to its members nationwide. AWH members will be given the
opportunity to join Cardiac Network's revolutionary lifesaving
HeartOne Club, that gives members their own compact ECG monitor,
access to 24/7 cardiac monitoring and Personal Emergency Response
Systems (PERS), which use GPS emergancy "Panic Button" and location
technology.
"American Wholesale Health is a company that offers its members
the best in pharmaceutical products and medical services utilizing
cutting-edge technology," stated Michael Swartzburg, Cardiac
Network's President and CEO. "We are proud to be able to offer AWH
members our premium HeartOne Club services."
As part of the agreement, the HeartOne Club will either be
bundled with other services offered as part of AWH memberships or
offered seperately at a special discount to retail, with AWH
receiving fees based on a pre-negotiated rate with the HeartOne
Club. The HeartOne Club generates revenues through product sales
and monthly billings to subscribers for its various montioring
services.
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, which help individuals 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 American Wholesale Health
American Wholesale Health, or AWH, is a membership-based company
that offers a unique new way for consumers to purchase medications,
supplies, and other health related products/services. AMH bypasses
the traditional supply chain model and allow its members exclusive
access to its Tier 1 wholesale suppliers. AWH's unique "membership
driven" model gives access at the individual level, and uses its
collective buying power to offer end-user pricing close to the
manufacturer's cost, which is normally reserved for the largest
retail pharmacy chains, Insurance carriers & Pharmacy Benefits
Managers (PBMs). Learn more about Med Mobile by visiting
www.americanwholesalehealth.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: Cardiac Network, Inc. Michael Swartzburg 415-362-2020
Email Contact
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