Cardiac Network Signs New Lease Agreement for Corporate Headquarters
May 07 2010 - 9:00AM
Marketwired
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
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