; Announces Private Placement Equity Financing - Cardiocomm
Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

Announces Private Placement Equity Financing - Cardiocomm

VIEWS: 4 PAGES: 1

Finance companies may use equity financing rather than debt financing, or both. For equity financing company will sell new common shares for cash. Holders to become half owner of the company shares, share the company's operational risk, profit-sharing.

More Info
  • pg 1
									    CardioComm Solutions, Inc. Announces Private Placement Equity Financing

Victoria, B.C., January 19, 2011 – CardioComm Solutions, Inc. (TSX-V: EKG) (“CardioComm” or
the “Company”) today announced that it will be conducting a non-brokered private placement equity
financing under which it will issue 3,000,000 units at a price of $0.05 per unit for gross proceeds of
$150,000. Each unit will be comprised of one common share of the Company and one common
share purchase warrant exercisable for two years for an additional share at a price of $0.10. The
securities to be issued under the financing will be subject to a four month hold period.

The terms of the financing are subject to the approval of the TSX Venture Exchange. The proceeds
from the financing will be used for general working capital of the Company.

About CardioComm Solutions, Inc.
CardioComm’s patented and proprietary technology is used in products for the recording, viewing,
analyzing and storing of electrocardiograms (EKGs), for diagnosis and management of cardiac
patients. The Company's products are sold worldwide through a combination of its external
distribution network and its North American based sales team. CardioComm has achieved its
technical goals of improved access and communication through the development of a real-time EKG
viewer. CardioComm is the first company to provide a real-time means of viewing EKGs over a
network (LAN, WAN or Internet). This tool enables EKGs to be viewed and controlled live, by
physicians, over a global virtual healthcare network. This technology is marketed as Global EKG
Management System (GEMS™) and GlobalCardio™. CardioComm's software products have been
cleared for sale in the United States by the U.S. Food and Drug Administration. The Company has
earned the latest ISO 13485 certification.

On behalf of the Board of Directors of CardioComm Solutions, Inc.
“Anatoly Langer”
Dr. Anatoly Langer, Chairman

For investor information, please contact:
Dr. Anatoly Langer
1.800.725.6585, ext. 264

             The TSX Venture Exchange has not reviewed and does not accept responsibility
                             for the adequacy or accuracy of this release

								
To top