SPDE Speedus Corp (CE)

STAMFORD, Conn., Aug. 25 /PRNewswire-FirstCall/ -- Zargis Medical Corp., a spin-off from Siemens Corporate Research (NYSE:SI) and a majority-owned subsidiary of Speedus Corp. (NASDAQ:SPDE), today announced that it has begun selling its Zargis Cardioscan(TM) heart sound analysis software, along with 3M's (NYSE:MMM) just-released Bluetooth -enabled 3M(TM) Littmann Electronic Stethoscope Model 3200, as part of its previously announced exclusive multi-year global marketing alliance with 3M. This marketing alliance provides Zargis with a wide-range of global marketing and promotional opportunities along with exclusive rights to sell its products through the world-wide distribution network of the 3M(TM) Littmann brand. Zargis Cardioscan software, the 3M(TM) Littmann Electronic Stethoscope Model 3200 and access to ZargisTelemed(TM) -- Zargis' Internet-based telemedicine portal -- can now be purchased online at http://www.zargis.com/. "The ability to record and automatically analyze heart sounds can help improve a clinician's confidence, document complex auscultations, and may keep some patients from going through additional, unnecessary testing," stated Joseph Tartaglia, MD, a practicing cardiologist in White Plains, NY, and clinical assistant professor of medicine at New York Medical College in Valhalla, NY. Cardioscan heart sound analysis software is designed to support physicians in analyzing and interpreting cardiac sounds which can be signs of heart disease. Cardioscan connects wirelessly to the Bluetooth -enabled 3M(TM) Littmann Electronic Stethoscope Model 3200, and integrates with the ZargisTelemed portal -- a HIPAA-compliant feature of Cardioscan allowing users to easily share heart sounds recordings, analyzed results and comments with colleagues via the Internet. "At a time when our nation is focused on leveraging technology to improve healthcare efficiency, these devices represents breakthroughs in auscultation that have the potential to reduce unnecessary referrals, and help clinicians detect pathologic heart murmurs earlier in the treatment cycle," stated John Kallassy, CEO of Zargis Medical. "We believe that the use of our software could enhance the physician experience during every patient exam where a stethoscope is used." Zargis and select distributors of 3M(TM) Littmann Brand Products will be selling Cardioscan for $395 (retail price) per licensed user -- a price point intended to make the device affordable to a variety of healthcare professionals around the world. In addition, access to the ZargisTelemed portal will be priced at $10 per month per licensed user. About 3M Health Care 3M Health Care, one of 3M's six major business segments, provides world-class innovative products and services to help health care professionals improve the practice, delivery and outcome of patient care in medical, oral care, drug delivery and health information markets. For more information, visit http://www.3m.com/. About Zargis Medical Corp. Zargis Medical Corp. develops advanced diagnostic decision support products and services for primary care physicians, pediatricians, cardiologists and other healthcare professionals. Zargis was formed in 2001 when Siemens Corporate Research, a division of Siemens AG (NYSE:SI), and Speedus Corp. (NASDAQ:SPDE) co-invested to develop and market an advanced acoustic technology designed to detect heart abnormalities identified through analysis of heart sounds. For additional information about Zargis or Speedus Corp., contact Peter Hodge at 888.773.3669 (ext. 23) or , or visit the following Web sites: http://www.zargis.com/ and http://www.speedus.com/. Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, the continuing development of the Company's sales, marketing and support efforts. DATASOURCE: Speedus Corp. CONTACT: Peter Hodge for Zargis and Speedus Corp, 1-888-773-3669 (ext. 23), Web Site: http://www.speedus.com/

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